Zimbabwe Trade Balance in Goods and Services: External Balance and Trade Openness

This article presents Zimbabwe's external balance on goods and services in current US dollars and as a share of GDP.

The external balance on goods and services in Zimbabwe was -$2.24 billion in 2024, equivalent to -5.4% of GDP. The result represented a deficit. Exports were valued at $7.50 billion, while imports reached $9.74 billion, producing an export-to-import ratio of 77.0%. The external balance changed by -$2.09 billion over five years and by $260.5 million over ten years.

In the common comparison year 2024, Zimbabwe ranked 111th of 194 economies by the external balance as a share of GDP.

Zimbabwe Trade Balance by Year

Data source: World Bank, World Development Indicators — External balance on goods and services, current US$ (NE.RSB.GNFS.CD); External balance on goods and services, % of GDP (NE.RSB.GNFS.ZS); Exports of goods and services, current US$ (NE.EXP.GNFS.CD); Imports of goods and services, current US$ (NE.IMP.GNFS.CD); Trade, % of GDP (NE.TRD.GNFS.ZS).
License: CC BY-4.0. Retrieved 2026-07-12.

About the Indicators

External balance on goods and services, current US$. Exports minus imports of goods and services, in current U.S. dollars.

External balance on goods and services, % of GDP. Exports minus imports of goods and services, expressed as a share of GDP; positive values indicate a surplus, negative values a deficit.

Exports of goods and services, current US$. The total value of goods and services a country sells abroad, in current U.S. dollars.

Imports of goods and services, current US$. The total value of goods and services a country purchases from abroad, converted to current U.S. dollars.

Trade, % of GDP. The sum of exports and imports of goods and services, expressed as a share of GDP; a common measure of an economy’s trade openness.

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