Zimbabwe targets US$1 billion in manufactured exports by 2030

The government of Zimbabwe has set a target of increasing manufactured exports to at least US$1 billion annually by 2030 as part of a broader strategy to accelerate industrial development and enhance export performance. According to national trade data, manufactured exports reached US$584.8 million in 2025, including products from the iron and steel, tobacco, textile, and chemical sectors.

Permanent Secretary in the Ministry of Industry and Commerce, Tadeous Chifamba, stated that the country is pursuing a long-term transformation aimed at strengthening manufacturing and increasing the share of value-added goods in exports. He noted that the initiative aligns with the objectives of Vision 2030 and the National Development Strategy 2.

According to Chifamba, Zimbabwe’s future competitiveness will be supported by expanding industrial production and advancing sectors capable of generating higher-value products. Authorities are focusing on strengthening manufacturing capacity and promoting innovation-driven growth to support sustainable economic development.

The government is also preparing to introduce the Zimbabwe National Industrial Development Policy 2, which prioritises increased industrial output, improved production efficiency, and stronger export performance. This was reported by The Herald, a partner of TV BRICS.

Officials emphasised that value addition remains a central component of the country’s industrial strategy. Efforts are being directed towards sectors such as iron and steel, leather, sugar, and agro-processing, with the aim of enhancing production capabilities, creating new economic opportunities, and reinforcing Zimbabwe’s position in regional and international markets.