{"id":12699,"date":"2020-07-27T17:00:34","date_gmt":"2020-07-27T17:00:34","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=12699"},"modified":"2020-07-27T17:01:09","modified_gmt":"2020-07-27T17:01:09","slug":"merchandise-trade-rebounds-from-lockdown-to-notch-rise","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise","title":{"rendered":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE"},"content":{"rendered":"

Author: <\/i>Harare<\/strong>
\nAfricaPress-Tanzania:<\/strong> ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having previously taken a huge knock.<\/p>\n

The knock had been as a result of Covid-19 induced lockdowns, particularly for the months of March and April, which saw the movement of goods between countries being hugely curtailed.<\/p>\n

However, as a response to \u201cthe new normal\u201d of finding ways of allowing economies to function in spite of the danger posed by the novel coronavirus, most countries opened their borders for cargo movement though human traffic remains largely banned.<\/p>\n

It is against this background that Zimbabwe\u2019s merchandise trade registered a huge jump. In an update to the market, the Reserve Bank of Zimbabwe (RBZ ) noted that the biggest effect was as a result of the reopening of trade between Zimbabwe and its biggest trading partner \u2014 South Africa.<\/p>\n

\u201cTotal merchandise trade for the month of May 2020 amounted to US$659,8 million, an increase of 55,1 percent, from US$425,5 million recorded in the previous month,\u201d advised the central bank.<\/p>\n

\u201cThis was mainly on account of increases in both merchandise exports and imports.<\/p>\n

The rise in merchandise trade was on the back of the easing of trade restrictive lockdowns by most economies including South Africa, the country\u2019s biggest trading partner.<\/p>\n

\u201cMerchandise exports rose by 49 percent, from US$200,5 million in April 2020 to US$298 ,7 million in May 2020.<\/p>\n

The improvement in the country\u2019s exports was largely on account of easing of lockdown measures,\u201d reads the Economic Review Report for May 2020.<\/p>\n

Exports in the said period were mainly dominated by minerals, particularly gold, nickel and platinum.<\/p>\n

From the agriculture sector, tobacco also came in strongly.<\/p>\n

The total contributions by the three minerals as well as tobacco accounted for about 80,8 percent of total exports.<\/p>\n

With a total of 35,1 percent, South Africa was Z imbabwe\u2019s biggest export destination for the month of May, closely followed by the United Arab Emirates at 34,3 percent.<\/p>\n

Mozambique took 9,1 percent of the exports.<\/p>\n

The opening of trade corridors also resulted in exponential growth in the country\u2019s imports which jumped US$361,1 million from US$225 million thus registering a 60,5 percent increase for the month of May.<\/p>\n

\u201cThe rise in imports during the month under review followed increases in imports of unleaded petrol (38 ,8 percent); diesel (38,6 percent); and maize (25,2 percent).<\/p>\n

At 47,5 percent, South Africa was the country\u2019s major source of imports followed by Singapore which stood at 14,1 percent and China 12,2 percent.<\/p>\n

The jump in imports also resulted in the widening of the country\u2019s trade deficit to US$ 62,4 million from US$24,5 million recorded in the previous month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author: Harare AfricaPress-Tanzania: ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having previously taken a huge knock. The knock had been as a result of Covid-19 induced lockdowns, particularly for the months of March and April, which saw the movement of […]<\/p>\n","protected":false},"author":84,"featured_media":12678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2322,5031,2655],"class_list":["post-12699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-covid-19","tag-rbz","tag-zimbabwe"],"yoast_head":"\nMERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE - Tanzania<\/title>\n<meta name=\"description\" content=\"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE\" \/>\n<meta property=\"og:description\" content=\"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-27T17:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-27T17:01:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE\",\"datePublished\":\"2020-07-27T17:00:34+00:00\",\"dateModified\":\"2020-07-27T17:01:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\"},\"wordCount\":443,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg\",\"keywords\":[\"COVID-19\",\"RBZ\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\",\"name\":\"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg\",\"datePublished\":\"2020-07-27T17:00:34+00:00\",\"dateModified\":\"2020-07-27T17:01:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg\",\"width\":1800,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE - Tanzania","description":"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise","og_locale":"en_US","og_type":"article","og_title":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE","og_description":"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having","og_url":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-07-27T17:00:34+00:00","article_modified_time":"2020-07-27T17:01:09+00:00","og_image":[{"width":1800,"height":1200,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE","datePublished":"2020-07-27T17:00:34+00:00","dateModified":"2020-07-27T17:01:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise"},"wordCount":443,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg","keywords":["COVID-19","RBZ","Zimbabwe"],"articleSection":["all news","Economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise","url":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise","name":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg","datePublished":"2020-07-27T17:00:34+00:00","dateModified":"2020-07-27T17:01:09+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"ZIMBABWE\u2019S total merchandise trade registered a 55,1 percent jump to US$659,8 million for the month of May compared to the preceding month having","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/8a03374a220dbca1af8f2a93da329ccc.jpg","width":1800,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/merchandise-trade-rebounds-from-lockdown-to-notch-rise#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"MERCHANDISE TRADE REBOUNDS FROM LOCKDOWN TO NOTCH RISE"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/12699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=12699"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/12699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/12678"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=12699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=12699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=12699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}