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Zimbabwe imports too high

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The Industry and Commerce Minister of Zimbabwe says increased collaboration between productive sectors is critical to boost domestic production and substitute for unnecessary and costly imports.

Zimbabwe is heavily reliant on imports for both raw materials and essential consumer goods.

For example, the country’s merchandise imports cost US$4,8 billion in 2019, compared with cumulative export value of US$4,5 billion. The Bank of Zimbabwe noted that exports were largely weighed down by lower agriculture and mineral exports, tobacco and gold in particular.