Export earnings skyrocket in first 9 months
Michael Tome-Business Reporter
ZIMBABWE’s exports are booming, underscored by a striking 20 percent increase in foreign currency receipts, which climbed to US$12 billion in the first nine months of 2025, up from US$10 billion during the same period last year. The impressive growth reflects a resurgence in export earnings driven by strong performance in key industries such as agriculture, mining and manufacturing. Coupled with robust diaspora remittances, this momentum signals a revitalisation of the economy. Presenting the 2026 National Budget statement in the New Parliament Building last Thursday, Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube said this growth indicated that the economy continues to perform well and is projected to record a solid 6,6 percent growth this year, after an 8,1 percent expansion in the first half. The first half saw the recovery and resumption of fast growth, as seen with a record tobacco crop, after last year’s severe drought while the second half is more the usual growth that can be expected. Zimbabwe’s stellar external sector performance for the first nine months puts the country firmly on course to beat its highest-ever annual foreign currency earnings of US$13,3 billion recorded last year. Prof Ncube said foreign currency receipts for the first nine months were estimated at US$12 billion, reflecting improved global commodity prices and a steady recovery in key economic sectors. Export receipts accounted for 59,2 percent of the total inflows while diaspora remittances chipped in with 14,8 percent over the period under review. Prof Ncube said merchandise exports remained firm, raking in US$7 billion, representing a 33,5 percent increase in the first nine months of 2025. ReadMore