The total value of imports (CIF) is US$ 7,221 million.
What is import value?
Valuation definitions and their usage follow below: Custom Import Value (C.V.) – This value is generally defined as the price actually paid or payable for merchandise when sold for exportation, excluding import duties, freight, insurance, and other charges incurred in bringing the merchandise to the importing country.
What are the main imports of Zambia?
The top import categories (2-digit HS) in 2019 were: precious metal and stone (diamonds) ($76 million), copper ($4 million), special other (returns) ($1 million), coffee, tea & spice (coffee) ($656 thousand), and iron and steel ($330 thousand).
What are the imports and exports of Zambia?
The main exports are copper and cobalt (earning some US$4.6 billion in 2007), tobacco, flowers, food, live animals and cotton; and the main imports are machinery, transport equipment, petroleum products, chemicals and foodstuffs.
What is import example?
The definition of import is to introduce or bring goods from one country to be sold in another. An example of import is introducing a friend from another country to deep fried Twinkies. An example of import is a shop owner bringing artwork back from Indonesia to sell at their San Francisco shop.
How is CIF calculated?
In order to find CIF value, the freight and insurance cost are to be added. … Insurance is calculated as 1.125% – USD 13.00 (rounded off). The total amount of CIF value works out to USD 1313.00. If any local agency commission involved, the same also is added on CIF value of goods – say 2% on FOB – USD 20.00.
Is Zambia rich or poor?
Zambia is large, landlocked, resource-rich country with sparsely populated land in the center of Southern Africa.
What is Zimbabwe’s biggest export?
Major exports include gold, tobacco, metal alloys, cotton, and sugar. The principal imports are fuels and petroleum products, electricity, machinery and transport equipment, food, and miscellaneous manufactured goods.
What food does Zambia import?
Zambia – Food imports as a share of merchandise imports
Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels).
What does South Africa export to Zambia?
“South Africa’s main exports to Zambia include machinery and mechanical appliances, base metals, mineral products, products of the chemical or allied industries, plastics and articles thereof, vehicles, aircraft, vessels and associated transport equipment,” says Gina.
Who does Zambia Export and Import with?
Zambia top 5 Export and Import partners
|Exporter||Trade (US$ Mil)||Partner share(%)|
|United Arab Emirates||740||10.25|
What is Ghana’s main export?
Ghana’s main exports are gold, cocoa beans and timber products. Others include tuna, aluminum, manganese ore, diamonds and horticulture. It’s main exports partners are Netherlands, Burkina Faso, South Africa and United Kingdom.
Which countries buy copper from Zambia?
Other Products COPPER AND ARTICLES… Zambia’s imports in Q1 2017 were US$1.89 billion compared to US$1.70 billion in Q1 2016. During the review period, the top five source countries for Zambia’s imports were: South Africa, China, Congo DR, Kuwait and United Arab Emirates (Figure 4).