Zambia
On this page you will find beneficial information regarding foreign direct investment in / trading with Zambia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 20.02 million (2022)
GDP: 29.16 billion USD (2022)
Corporate Tax Rate: 30%
Personal Income Tax Rate: 37.50%
Major Exports: The top exports of Zambia are Raw Copper ($6.6B), Refined Copper ($2.78B), Gold ($955M), Precious Stones ($403M), and Ferroalloys ($325M), exporting mostly to Switzerland ($4.5B), China ($2.6B), Democratic Republic of the Congo ($1.51B), Pitcairn Islands ($1.49B), and United Arab Emirates ($1B). In 2022, Zambia was the world's biggest exporter of Raw Copper ($6.6B).
Major Imports: The top imports of Zambia are Refined Petroleum ($519M), Nitrogenous Fertilizers ($391M), Delivery Trucks ($380M), Copper Ore ($372M), and Packaged Medicaments ($343M), importing mostly from South Africa ($2.69B), Equatorial Guinea ($1.84B), China ($1.38B), United Arab Emirates ($761M), and Democratic Republic of the Congo ($656M). In 2022, Zambia was the world's biggest importer of Cobalt Oxides and Hydroxides ($250M).
Investment Agency: The Zambia Development Agency (ZDA)
Website: http://www.zda.org.zm/
National Chamber of Commerce: Zambia Chamber of Commerce and Industry
Website: http://zambiachamber.org/
Customs Agency: Zambia Revenue Authority (ZRA)
Website: https://www.zra.org.zm/
