US$1.1 Billion Windfall: Tobacco Cements Its Place as Zimbabwe’s Top Export
Zimbabwe earned US$1.1 billion from tobacco exports between January and November, as booming demand in the Far East lifted prices.
The nation shipped 201.4 million kilogrammes of semi‑processed leaf at an average of US$5.66 per kg, cementing tobacco’s position as the country’s top foreign currency earner and leading agricultural export.
Exports declined from 208.4 million kg over the same period last year, but revenue rose from US$1 billion to US$1.1 billion as average prices strengthened.
The Far East remained the largest buyer, importing 89.1 million kg worth US$630.7 million at US$7.08 per kg.
Africa followed with 33 million kg valued at US$154.6 million, while the Middle East purchased 30 million kg worth US$87.9 million at US$2.93 per kg.
In other markets, the European Union ranked fourth, importing 27.2 million kg valued at US$158.8 million at an average price of US$5.83 per kg.
Non‑EU Europe followed with 12.8 million kg worth US$65.3 million at US$5.09 per kg, and the Americas purchased 9.1 million kg valued at US$42.2 million at US$5.66 per kg.
Oceania imported 28,560 kg but offered the highest average price at US$8.45 per kg.
Tobacco’s distinctive flavour continues to sustain strong demand across international markets, reinforcing its appeal to buyers worldwide.
Authorities and industry players are now focusing on increasing local processing to capture more value from the crop.
Zimbabwe is also collaborating with partners, particularly China, to expand production to 500 million kg through sustainable practices that balance economic growth with environmental responsibility.
Tobacco remains Zimbabwe’s leading agricultural export, providing vital foreign currency and contributing significantly to GDP.
In 2024, the crop generated US$1.3 billion, representing about 30 percent of total exports.
Going forward, stronger pricing, diversified markets and increased value addition are expected to boost earnings while advancing sustainability.
-Herald
