Reserves & FX Market
Trade Balance
Exports minus imports, US dollar millions. Negative is a deficit.
−$186.4mSep 2026−$234.4mon the month−$203.1mon the year
12-month average33.2
Record high457.0Apr 2021
Record low-216.8Jun 2025
Observations129since Jan 2016
Trade Balance, Jan 2016 to Sep 2026
Show the numbers
| Month | Trade Balance (USD m) |
|---|---|
| Sep 2026 | -186.4 |
| Aug 2026 | 48.0 |
| Jul 2026 | -83.7 |
| Jun 2026 | -56.7 |
| May 2026 | 75.0 |
| Apr 2026 | -105.8 |
| Mar 2026 | 47.7 |
| Feb 2026 | 301.3 |
| Jan 2026 | 237.6 |
| Dec 2025 | 44.1 |
| Nov 2025 | 27.9 |
| Oct 2025 | 49.0 |
| Sep 2025 | 16.7 |
| Aug 2025 | 142.0 |
| Jul 2025 | 9.9 |
| Jun 2025 | -216.8 |
| May 2025 | 56.6 |
| Apr 2025 | 56.9 |
| Mar 2025 | 14.4 |
| Feb 2025 | -21.8 |
| Jan 2025 | -42.5 |
| Dec 2024 | -118.5 |
| Nov 2024 | 38.9 |
| Oct 2024 | -118.0 |
| Sep 2024 | -64.8 |
| Aug 2024 | -23.4 |
| Jul 2024 | 54.3 |
| Jun 2024 | 52.7 |
| May 2024 | 66.9 |
| Apr 2024 | 89.6 |
| Mar 2024 | 104.8 |
| Feb 2024 | -138.8 |
| Jan 2024 | 72.6 |
| Dec 2023 | 27.2 |
| Nov 2023 | -36.4 |
| Oct 2023 | -53.6 |
| Sep 2023 | -45.3 |
| Aug 2023 | 109.3 |
| Jul 2023 | 124.4 |
| Jun 2023 | 47.4 |
| May 2023 | 1.6 |
| Apr 2023 | -25.0 |
| Mar 2023 | -135.1 |
| Feb 2023 | 33.1 |
| Jan 2023 | 271.9 |
| Dec 2022 | -25.9 |
| Nov 2022 | 167.2 |
| Oct 2022 | 180.8 |
| Sep 2022 | 103.3 |
| Aug 2022 | 229.3 |
| Jul 2022 | 243.0 |
| Jun 2022 | 146.0 |
| May 2022 | 216.1 |
| Apr 2022 | 254.4 |
| Mar 2022 | 351.5 |
| Feb 2022 | 348.0 |
| Jan 2022 | 397.8 |
| Dec 2021 | 408.0 |
| Nov 2021 | 421.6 |
| Oct 2021 | 327.0 |
| Sep 2021 | 293.6 |
| Aug 2021 | 217.3 |
| Jul 2021 | 179.5 |
| Jun 2021 | 251.2 |
| May 2021 | 320.0 |
| Apr 2021 | 457.0 |
| Mar 2021 | 335.9 |
| Feb 2021 | 400.2 |
| Jan 2021 | 434.3 |
| Dec 2020 | 309.6 |
| Nov 2020 | 343.3 |
| Oct 2020 | 321.4 |
| Sep 2020 | 373.3 |
| Aug 2020 | 282.6 |
| Jul 2020 | 251.7 |
| Jun 2020 | 96.0 |
| May 2020 | 221.5 |
| Apr 2020 | 131.9 |
| Mar 2020 | 21.5 |
| Feb 2020 | -0.2 |
| Jan 2020 | 159.3 |
| Dec 2019 | 46.9 |
| Nov 2019 | 3.9 |
| Oct 2019 | -11.0 |
| Sep 2019 | -97.2 |
| Aug 2019 | -62.9 |
| Jul 2019 | -73.9 |
| Jun 2019 | -75.7 |
| May 2019 | 22.8 |
| Apr 2019 | 25.5 |
| Mar 2019 | 36.1 |
| Feb 2019 | -41.3 |
| Jan 2019 | 67.4 |
| Dec 2018 | -45.6 |
| Nov 2018 | -140.1 |
| Oct 2018 | -119.5 |
| Sep 2018 | -48.2 |
| Aug 2018 | -22.9 |
| Jul 2018 | 70.0 |
| Jun 2018 | 12.1 |
| May 2018 | -32.0 |
| Apr 2018 | -116.1 |
| Mar 2018 | -2.1 |
| Feb 2018 | 53.7 |
| Jan 2018 | -27.9 |
| Dec 2017 | 46.9 |
| Nov 2017 | 42.1 |
| Oct 2017 | -87.5 |
| Sep 2017 | -215.3 |
| Aug 2017 | 145.1 |
| Jul 2017 | -71.2 |
| Jun 2017 | -45.6 |
| May 2017 | -41.7 |
| Apr 2017 | -130.7 |
| Mar 2017 | -75.1 |
| Feb 2017 | -34.3 |
| Jan 2017 | 91.1 |
| Dec 2016 | -74.6 |
| Nov 2016 | -147.5 |
| Oct 2016 | -177.3 |
| Sep 2016 | -128.3 |
| Aug 2016 | -91.4 |
| Jul 2016 | -51.7 |
| Jun 2016 | -36.1 |
| May 2016 | -28.0 |
| Apr 2016 | -100.0 |
| Mar 2016 | -101.0 |
| Feb 2016 | -81.2 |
| Jan 2016 | -37.3 |
Source: Zambia Statistics Agency. Monthly. Gaps in the line are months with no published figure.
Change on a year earlier
Each bar is this month against the same month twelve months before — the comparison that strips out the seasonal pattern.
IncreaseDecrease
Related analysis
View allNothing published on this indicator yet. KSJ analysis appears here as it is written.
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