Zambia, Africa’s Second Largest Copper Producer
As per the Zambia trade data reports, 850,000 million tonnes per annum copper was produced in 2022. It is the most exported commodity from Zambia. Copper covers around 60% of the total country’s exports.
Our Zambia customs data suggests that Zambian copper exports were around 8.3 billion US Dollars in 2022. Copper exports from Zambia grew by 3.4% as compared to the financial year 2021. In 2021, Zambian copper was 7.7 billion US Dollars and 5.6 billion US Dollars in 2020.
Some of the major copper importing countries from Zambia were Switzerland, Singapore, Namibia, China and India. Singapore and Switzerland are the fastest growing markets for Zambia’s copper exports. According to the Zambia export data, Mopani Copper Mines Plc were the leading Copper mining and exporter company from Zambia.
On the other hand, Zambia import data suggests that Zambia copper imports were 120,000 US Dollars in 2022. South Africa and China were among the leading exporters to Zambia. As per the trade Experts, the Zambian government is planning to expand its copper production up to 3 million tonnes per annum by the year 2030. In future, Zambia’s mining industry will seek a growth of 4% per year.
Zambia Iron & Steel Market
Zambia is the leading market for metal exports. Iron and Steel Alloys are no exception. In the financial year 2021, Iron and steel exports were around 209 million US Dollars. It grew at a rate of 12%. In 2020, Zambia's iron steel exports were 120 million US Dollars. China and the United States were the largest steel importing countries from Zambia in the financial year 2021. On the other hand, Iron and Steel Articles imports were around 5.6 million US Dollars in 2021. China, India, South Africa, the United Arab Emirates and Malaysia were the top 5 exporter countries to Zambia.
Zambia Trade Market Analysis
Our Zambia shipment data suggests that Zambia exports worth 11 billion US Dollars in 2021. On the other hand, Zambia imports were around 7 billion US Dollars in 2021. The main imports and exports of Zambia were Copper, Vehicles, Pearls, Precious Stones and Mineral Oils. Switzerland, China and India were the largest trading partners of Zambia.
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