Business

Zambia, Malawi trade on rise

TRYNESS TEMBO, Lusaka
ZAMBIA’S exports to Malawi recorded an increase from US$107.7 million in 2015 to US$121.85 million last year due to a stable supply of various products to that country, Zambia Development Agency (ZDA) has revealed.

The major export goods to Malawi were petroleum oil, primarily agricultural products, textiles and garments, wood and wood products, among others.
ZDA manager market development Felix Kaitisha said Zambia’s trade balance with Malawi has been stable over the years.
Mr Kaitisha said this on Tuesday when he presented a paper on the 2017 Malawi market research report at the 2016 exporter audit results dissemination workshop.
“Zambians need to identify products that can be exported to Malawi and the private sector is encouraged to embrace the synergies that emerge through regional groupings such as Common Market for Eastern and Southern Africa and Southern African Development Community,” he said.
He said there is also need to explore more trade opportunities between the two countries because trade is still insignificant.
Mr Kaitisha also said the purpose of the research is to link locals to that country with potential to sell, and identify trade barriers, potential agents as well as distributors for Zambian products in Malawi.
ZDA manager export development Albert Halwampa also said Mozambique has revealed that there are several export opportunities for various products.
The agency also conducted a market research study in Mozambique to identify the types of products which can be exported and how Zambian exporters can access these markets.
Mr Halwampa said Zambia’s exports to Mozambique were valued at US$18 million in 2016.
He said there are opportunities for poultry, engineering, automobile, agriculture, refined and processed products, among others.
He said ZDA has prioritised market research and trade promotion activities in key markets to provide up-to-date market information to exporters and access to these markets.
He also said the agency intends to sign a memorandum of understanding with Mozambique to have easy exchange of information and business.

 

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