By HELEN ZULU –
THE Zambia-India bilateral trade volumes have reached a total of US$619 million in 2014 from $568 million recorded the previous year.
This is according to information obtained from the Indian High Commission in Lusaka.
As per available data at the commission, India-Zambia bilateral trade reached $568million in 2012/2013 from the $379.6 million in the previous year
India’s major items of exports to Zambia during the period were pharmaceuticals and fine chemicals, machinery and instruments,
transport equipment, metals and electronic goods.
Others were plastic and linoleum products, non-ferrous metals and man made yarn fabrics
Zambian exports to India during 2013-2014 mainly comprised non-ferrous metals, pearls, precious and semi-precious stones, cotton raw and metaliferrous ores and metal scrap
The first eight months of the last financial year of April to November, Indian exports to Zambia posted an impressive growth of more than 60 per cent crossing $243 million, as compared to $151million during the
same period in the previous year.
During this period Zambia’s exports to India declined by more than 10 per cent to about $173.8million compared to $193.9 million recorded in the previous year.
Both countries were keen to enhance the value of their bilateral trade.
