Zambia
Africa
Trade in Zambia
| Zambia was the world’s 96th largest exporter of goods and 124th largest exporter of commercial services in 2022. Export values were $11.66 billion and $933 million USD respectively. Zambia’s top export category was Fuels and mining products, followed by Manufactures, and Agricultural products. In 2022, Zambia’s main export destination markets for goods and services trade were to Switzerland, China and Democratic Republic of Congo, with trade representing 69.30 per cent of GDP. In terms of imports, Zambia is the world’s 122nd largest importer of goods and 115th largest importer of commercial services. Import values were $9.05 billion and $1.88 billion USD respectively in 2022. Zambia’s top import category was Manufactures, followed by Chemicals and Machinery and transport equipment. Leading import partners were South Africa, China and United Arab Emirates. Zambia is part of 2 different Regional Trade Agreements, including Common Market for Eastern and Southern Africa (COMESA) and Common Market for Eastern and Southern Africa (COMESA) – Accession of Egypt. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Zambia |
Abbreviation |
ZM |
Capital |
Lusaka |
WTO Membership Date |
1 January 1995 |
Legal System |
mixed legal system of English common law and customary law |
Language |
English |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Zambian kwacha |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://www.zra.org.zm/wp-content/uploads/2022/01/2022-NATIONAL-TARIFF-BOOK-Jan-2022.pdf |
Trade Information Portal |
https://www.zambiatradeportal.gov.zm/ |
Last Reviewed: June, 2024
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