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MODERN RUSSIAN 
The country’s export receipts reached US$1.44 billion in June, driven mainly by mineral products and strong demand from key trading partners
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valio84sl / iStock [Photo source]
Zimbabwe’s monthly export earnings exceeded the US$1 billion mark for the first time this year in June, increasing by 63 per cent from US$884 million in May, according to The Herald, a partner of TV BRICS.
Mineral products accounted for the largest share of exports during the month. Semi-manufactured gold made up 40.5 per cent of total exports, followed by nickel mattes at 22.2 per cent and other mineral substances at 14.4 per cent. Together, the three categories represented 77 per cent of the country’s exports.
The United Arab Emirates was Zimbabwe’s largest export destination in June, receiving goods worth US$583.8 million. South Africa ranked second with US$443.2 million, while China accounted for US$304.4 million. The three markets jointly represented about 92 per cent of Zimbabwe’s total exports for the month.
Moreover, export performance also strengthened during the first half of 2026. Receipts reached US$5.89 billion, up from US$3.87 billion during the same period last year. The UAE accounted for 48 per cent of exports, followed by South Africa with 25 per cent and China with 17 per cent, giving the three destinations a combined share of 90 per cent.
Zimbabwe is also advancing measures to increase the value generated from its mineral resources. President Emmerson Mnangagwa said the country would move towards greater value addition, beneficiation and industrialisation rather than exporting raw minerals.
The government plans to introduce further changes to mineral exports, with Zimbabwe set to export only lithium sulphate from January 2027. An orderly quota arrangement has been established to support operators during the transition. Mines and Mining Development Minister Polite Kambamura said the reforms would continue to strengthen local value addition and support industrial development.
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