Zimbabwe exports jump 59% in first quarter as foreign currency earnings accelerate

Zimbabwe has recorded a sharp rise in export earnings, with foreign sales increasing by 59 per cent in the first quarter of 2026 and generating more than US$2.7 billion, according to the latest national trade data.

The figure marks a significant increase from US$1.7 billion recorded during the same period in 2025, highlighting growing momentum in the country’s transition towards an export-orientated economy, as reported by Zimbabwe Broadcasting Corporation (ZBC), a partner of TV BRICS.

The strong performance has been largely fuelled by higher output and increased value addition in strategic sectors, particularly mining and agriculture. Officials say the results reflect ongoing efforts to strengthen domestic production capacity and promote beneficiation across key industries.

Based on current trends, Zimbabwe is projected to surpass US$10 billion in export revenues by the end of the year, which would represent a major milestone for the national economy.

Economic analysts have described the growth as an encouraging sign for the country’s broader development agenda. Experts note that sustained export expansion is essential for improving foreign currency inflows, supporting industrial growth and advancing national economic targets.

The report also identifies the United Arab Emirates as Zimbabwe’s largest export destination, followed by China and South Africa.

According to the source, Zimbabwe is targeting annual export growth of at least 10 per cent in goods and services as part of its long-term economic development strategy. If the current pace continues, the country could reinforce its position as one of the region’s fastest-growing export performers.