Switzerland major export market

THE major export destination in May 2019 for Zambia was Switzerland, which accounted for 42.9 percent of the total export earnings, the Central Statistical Office monthly report has indicated.

was sulphuric acid; oleum in bulk accounting for 24.4 percent of total export earnings from that country,” the report said. According to the report, the main export product to Switzerland was copper anodes for electrolytic refining, accounting for 64.0 percent of total export earnings from that country. China was the second main export destination accounting for 22.1 percent of the total export earnings. Similarly, copper anodes were the main exports to China at 48.9 percent of total export earnings from that country. ”Congo DR was the third main export destination accounting for 11.3 percent of the total export earnings. The main export product Singapore, the report said, was the fourth main destination of Zambia’s exports at 5.8 percent of the total export earnings. Zambia exported rubies, sapphires and emeralds to the Asian tiger economy, accounting for 54.4 percent of total export earnings. “South Africa was the fifth main export destination accounting for 3.5 percent of the total export earnings. The main export products were bullion semi-manufactured forms (Gold), accounting for 28.0 percent of total export earnings from that country. “These five countries collectively accounted for 85.6 percent of Zambia’s total export earnings in May 2019,” the report said. Switzerland, the report said, was the largest market for Zambia’s total exports while Asia was the second largest. Within this grouping, the report said, China was the dominant market with 74.1 percent while other notable were Singapore, India, Hong Kong and Japan. The report said the SADC and COMESA grouping was the third largest market for Zambia’s total exports, accounting for 14.9 percent. DRC was the dominant export market within the grouping, accounting for 76.2 percent.