Zimbabwe export earnings jump 59%

Zimbabwe recorded a sharp rise in export earnings in the first quarter of 2026, with inflows increasing by 59 percent year-on-year, according to the latest Zimbabwe Trade Outlook Report.

The report shows exports grew to over US$2.7 billion, up from US$1.7 billion in the same period in 2025, signalling strengthened foreign currency inflows and continued momentum toward an export-led economic model.

Growth has largely been driven by improved performance in key sectors such as mining and agriculture, supported by government efforts to promote value addition and beneficiation across industries.

Economists say the trend puts Zimbabwe on course to exceed US$10 billion in export receipts by the end of the year if current performance is sustained.

University of Zimbabwe Business Studies lecturer Nyasha Kaseke said the figures reflect progress toward national economic targets.

"This is what we have been yearning for for some time. If this trend continues, we are likely to achieve the set targets in terms of foreign currency earnings," he said.

The report indicates that the United Arab Emirates remains Zimbabwe's largest export destination, followed by China and South Africa. However, experts have urged the country to broaden its export markets to reduce dependency risks.

Business analyst Tendesai Mushamba said diversification is key to sustaining growth.

"By diversifying, we reduce the risks associated with relying on a few markets… Zimbabwe needs to expand trade with a broader regional and global community to stimulate production and maximise export returns," he said.

Zimbabwe is targeting at least 10 percent annual growth in exports of goods and services under the National Development Strategy 2, with authorities viewing the latest figures as a positive indicator of economic recovery and industrial expansion.