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Merchandise exports set to increase

image BUSINESS WISE: SIPA CEO Phumelele Dlamini.

THE country’s merchandise exports are set to continually increase.

THE country’s merchandise exports are set to continually increase. 

According to Swaziland Investment Promotion Authority (SIPA), the country’s exports to the various economic regions and the rest of the world in the previous years were largely dominated by manufacturing products. 

“The exports of odoriferous substances and sugar coupled with its by products in particular saw their share of total exports lead by 30.6 and 20.5 percent respectively,” said SIPA Chief Executive Officer Phumelele Dlamini. 

She said most of these exports were mostly destined for the Southern African Customs Union (SACU) and European Union (EU) markets. 

accessories

Dlamini said apparel and clothing accessories which were knitted or crocheted also grew indicating the resilience of the industry towards the recent challenges that emanated in the trading industry and further emphasised the importance of the country as an import source. 

 “Wood and pulp also contributed to the country’s total export value wherein the products accounted for almost 4.2 per cent of the total exports in recent years. Due to the growing regional integration among African economies and specifically the healthy trade relation with South Africa, a bulk of raw material needs of the country is imported from South Africa,” she said.

imports

She noted that the country’s imports have accounted for about 81 per cent of the country’s total imports followed by China and India who contributed about 4 per cent of the total imports. 

“Merchandise imports from the rest of the world are accounted for by countries such as Argentina, Brazil, Canada, Indonesia, Pakistan, Singapore, Taiwan, Thailand, Turkey and Vietnam,” she said.

Dlamini said imports in the recent years were predominantly mineral fuels which include petrol, diesel, kerosene and coal. 

“These products accounted for about 12.7 per cent of total imports. Such imports were sourced mainly from South Africa, China, and Singapore,” she said. 

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