HARARE: Zimbabwe’s import bill dropped by 12 percent in October this year, reflecting the positive impact of the government’s duty policy on external commodities. Figures availed by the Zimbabwe National Statistics Agency (Zimstat) shows that imports dropped to US$516 million in October this year from US$584 million in September.
South Africa continues to dominate the value of imports followed by China, Singapore, United Kingdom and the United Arab Emirates. An economist, Mr Zack Murerwa said the constrained capacity of industry to produce at full level means Zimbabwe will continue to be a net importer despite the current decline in the value of external goods and services.
