Zimbabwe-China trade hits record high as agricultural and energy partnerships expand

Trade between Zimbabwe and China reached a historic milestone in 2023, soaring to US$1.7 billion from US$973 million in 2019. The two nations have strengthened their economic ties through formal agreements enabling Zimbabwe to export citrus, avocados, chillies, sesame, and blueberries to the Chinese market. This is reported by The Herald, a partner of TV BRICS.

Blueberry exports stood out with an impressive annual growth rate of 108 per cent over the past five years, positioning Zimbabwe as the fastest-growing exporter in Southern Africa. Additionally, Zimbabwe’s peas continue to gain popularity in Europe, where the country ranks as the third-largest African supplier and seventh globally.

Tobacco, macadamia nuts, and various fruits and vegetables are also key exports to China. In the broader context of Sino-African trade, total trade between China and Africa reached US$282 billion in 2023, with African exports to China amounting to US$109 billion.

Tourism is also experiencing growth, with arrivals increasing by 11 per cent from January to September 2024 compared to the previous year. Overseas tourist arrivals rose 29 per cent during the same period.

Chinese Ambassador to Zimbabwe Zhou Ding praised the growing business ties between the two countries and encouraged Zimbabwe to maintain a favourable environment for foreign investment.

“As embassies, we facilitate investment cooperation. Zimbabwe has a better business environment to be involved in, and more investors are coming from other parts of the world,” he said.

The strengthening partnerships between Zimbabwe and China are paving the way for robust economic growth, driven by increased trade, energy development, and tourism expansion.

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