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[Dataset] Trade and Regional Integration in Zimbabwe: FY2019/20
Zimbabwean exports have been growing consistently during the period from 2015 to 2018. This has had a short-term negative impact on gross official reserves due to the persistent currency crisis in Zimbabwe. Imports have increased in spite of the depreciation in the currency due to the widening divergence between the official and black-market exchange rate following a short period of stability in 2015 and 2016. The growth in imports has had a short-term impact on Zimbabwe’s current account balance but in the forward-looking medium-term the current account balance is projected to remain volatile due to the cash constraints and challenges of reintroducing the ZWL. Zimbabwe is still dependent on mineral commodity and agriculture-based exports which are also its top-traded goods with its neighbours in the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC). In addition, Zimbabwe is poorly integrated in COMESA but very well integrated in SADC; and its trade is unbalanced due to the persistent merchandise trade deficit in both regions and high reliance on SADC trade. This suggests that there is significant room to increase Zimbabwe’s exports to COMESA countries and Zimbabwe might want to rebalance its trade towards greater reliance on COMESA in order to reduce its reliance on SADC.