ZIMBABWE posted a trade surplus of US$90,5 million in November 2025, marking a 215,2% increase from the US$28,7 million surplus recorded in October, according to the Zimbabwe National Statistics Agency (ZimStat).
The surplus was driven by strong export performance, particularly in gold, tobacco and nickel.
Exports for the month totalled US$1,046 billion, with semi-manufactured gold contributing 42,4%, tobacco 23,7% and nickel mattes 17%.
The United Arab Emirates accounted for 44,4% of Zimbabwe’s exports, followed by South Africa at 21,8% and China at 21,2%.
Together, these three countries made up about 87% of total export earnings.
On the import side, Zimbabwe spent US$955,8 million on goods, with mineral fuels and oils making up 20,4%, machinery and mechanical appliances 10,5%, cereals 7%, and fertilisers 6,4%.
South Africa remained the top source of imports, contributing 39,2%, followed by China (15,8%), Bahamas (7,2%) and Bahrain (6,8%).
Exports to the European Union totalled US$28,1 million with tobacco (68,3%), industrial diamonds (13,2%) and ferrochromium (7%) dominating the trade.
ZimStat’s manager for balance of payments and finance statistics, Mable Chimhore, said the figures reflected a positive balance of payments.
However, she noted that this does not directly translate to improved living conditions for ordinary Zimbabweans.
“While the surplus signals growing export capacity, it also highlights the need for Zimbabwe to enhance cereal self-sufficiency and reduce reliance on food imports,” Chimhore added.
The report comes amid calls for structural reforms to translate trade gains to economic benefits.
Source: Zim records US$90m trade surplus in Nov 2025 -Newsday Zimbabwe
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