The export earnings from refined copper in April 2023 decreased by 10 percent to K9.9 billion from K11.0 billion in March 2023.
According to official statistics availed to the Zambian Business Times – ZBT, Copper export volumes during the month of April 2023 decreased by 7.6 percent to 57.6 thousand MT from 62.3 thousand MT in March 2023.
Meanwhile, export volumes of refined Copper from January to April 2023 has also reduced by 16.1% when compared to the same period in 2022.
Statistician General Mulenga Musepa confirmed that the cumulative volume of refined copper exported from January to April 2023 was 249.8 thousand MT while that of 2022 for the same period was 297.8 thousand MT representing a 16.1 percent decrease.
Experts says revenue from Copper exports is falling because of the current production struggles in the mining sector.
Meanwhile, Performance of Traditional and Non-Traditional Exports (TE’s) earnings for April decreased by 9.2 percent to K10.0 billion in April 2023 from K11.0 billion in March 2023. In terms of share in total exports, TEs accounted for 66.2 percent during the month under review.
Earnings from Non-Traditional Exports (NTEs) decreased by 14.6 percent to K5.1 billion in April 2023 from K6.0 billion in March 2023. In terms of share in total exports, NTEs accounted for 33.8 percent in April 2023.
