By VITA BANDA
THE Zambia Statistics Agency (ZAMSTATS) has revealed that the country recorded a trade deficit of K612.2 million in November 2023 compared to a deficit of K1.0 billion in October 2023.
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ZAMSTATS statistician general Mulenga Musepa said exports, mainly comprising domestically produced goods, increased by 16.3 percent to K18.4 billion in November 2023 from K15.8 billion in October 2023.
He said this was mainly on account of 18.5 and 158.8 percent increases in export earnings from intermediate goods and capital goods, respectively.
Mr Musepa said imports increased by 12.8 percent to K19.0 billion in November 2023 from K16.8 billion in October 2023.
Mr Musepa said this was mainly on account of 27.4 percent, 11.9 percent and 53.8 percent increases in import bills of consumer goods, capital goods and raw materials, respectively.
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