Embed Size (px)
Citation preview
Market Brief on DRC
Jan 2018
Location Facts and Figures
The Democratic Republic of the Congo, also known as DR Congo, DRC, DROC, RDC, Congo-Kinshasa, or simply Congo is a country located in Central Africa. The country was known as Zaire from 1971 to 1997.
Countries bordering DRC are: Angola, Republic of the Congo, Central African Republican, Sudan, Uganda, Rwanda, Burundi, Tanzania and Zambia.
Total Population 84.13 million (2016)
Area 2 344 858 sq. km
Time Zone +1 hrs GMT
Capital City Kinshasa
International Telephone Code
+243
Currency Congolese Franc
Exchange Rate
(02/02/18)
1US$: 1,565.50 Congolese Franc
GDP (2017 est.) US$41.9 Billion
GDP per capita (2017 est.)
US$483.4
GDP Growth Rate (2017 est.)
4.3%
Ease of Doing Business (World Bank 2017)
184/190
Inflation Rate (2017 est.)
2.7%
Cities and Population Official Language(s) French
Other Languages Lingala, Kingwana, Kikongo, Tshiluba
Business Hours 0830 hrs-1600 hrs Lunch 1300-1400 hrs
Banking Hours 0830 hrs-1600 hrs (weekdays)
0830-1200 (Sat)
Literacy Rate 63.8%
Measures Metric System
Important International Participation
UN, AU, SADC, COMESA, WTO
City Population
Kinshasa 11.587 million
Lubumbashi 2.015 million
Mbuji- Mayi 2.007 million
Kananga 1.169 million
Kisangani 1.04 million
Bukau 832 000
DRC Trade with the World
Major import sources of DRC (2016) Major export destinations of DRC (2016)
2012 2013 2014 2015 2016
Imports 6,366,910 7,164,513 6,994,819 5,812,036 3,700,583
Exports 7,160,976 8,171,435 8,375,248 6,313,204 4,521,633
-
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
US
$'0
00
27%
21%
10%
7%
6%
5%
3%
2%
2%
1%
14%
China SA Belgium
France India Rwanda
Germany Netherlands USA
Italy Other
46%
11%
11%
7%
4%
4%
4%
3%2%
1%8%
China Saudi ArabiaKorea, Republic of BelgiumSpain USAItaly GermanySA Indiaother
Source: Trademap
Source: Trademap Source: Trademap
Major import products of DRC (2016) Major export products of DRC (2016)
Zimbabwe- DRC Trade
15%
11%
9%
7%
5%4%4%3%
2%
2%
39%
MachineryElectrical machinery & equipmentPharmaceutical productsVehiclesArticles of iron or steelMineral fuels, mineral oilsPlastics and articles thereofMeat and edible meat offalCereals
57.3%
17.0%
7.8%6.4%
5.9%
2.0%
0.9%
0.4%
0.3%
0.3%1.8%
Copper and articles thereofOther base metals; articles thereof
Ores, slag and ashMineral fuels, mineral oils Pearls, precious stones & metalswood & charcoal
Commodities not elsewhere specifiedCocoa and cocoa preparationsOil seeds and oleaginous fruitsCoffee, tea, maté and spicesother
2012 2013 2014 2015 2016
Imports 89 105 829 64 12
Exports 16,343 11,541 4,394 3,688 65
Trade Balance 16,254 11,436 3,565 3,624 53
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
US
$'0
00'
Source: Trademap
Source: Trademap
Source: Trademap
Zimbabwe’s major exports to DRC (2016)
Products Zimbabwe Major exports to DRC in 2016 (US$’000)
DRC Imports from the World in 2016 (US$’000)
Vehicles other than railway or tramway rolling stock and parts and accessories thereof
60 241,583
Paper and paperboard; articles of paper pulp of paper or of paperboard
4 35,850
Source: Trademap
Zimbabwe products with export potential to DRC Zimbabwe's imports from DRC
(2016)
• Tobacco and manufactured tobacco substitutes
• Pharmaceutical Products
• Meat and edible meat offals
• Textile articles
• Sugar and Sugar confectioneries
• Furniture
• Footwear, gaiters
• Cotton
• Soaps and Lubricants
• Cereals
• Iron and steel and articles thereof
• Plastics and Articles thereof
• Animal, vegetable fats and oils
• Dairy products, eggs and honey
• Paper and paper board
• Vegetable, fruit, nuts
• Aluminium and articles thereof
• Fertilizers
75%
8%
8%
8%
Vehicles other than railway or tramway rolling stock, and partsand accessories thereof
Articles of iron or steel
Commodities not elsewhere specified
other
Source: Trademap Source: TradeMap Statistics
Useful Addresses Preferential Trade Arrangements
Embassy of the Republic of Zimbabwe in DRC No4. Ave de La Justice Immeuble Ogedep Kinshasa Tel: +243 81 3602073 Fax: +243 81 556 3485 E-mail: [email protected]
Consulate of the Republic of Zimbabwe Consul General 2732 Kamanyola Avenue, de-la revolution 1st Floor Badianyama Building Kamanyola Lubumbashi Tel: +243 991 402002; 823 644141 E-mail: [email protected] Embassy of the Democratic Republic of Congo in Zimbabwe 5 Pevensey Road Highlands Harare Tel: +263 4 496421 Fax: +263 4 496421 E-mail: [email protected] Website: www.embaddrcongo.co.zw Chamber of Commerce in DRC (Federation des Enterprises du Congo) FEC 10 avenues des aviateus – Commune de la Gombe BP 7247 Kin 1 Kinshasa DRC Tel: +243 81 2488890 Fax: +243 242 97 800660 E-mail: [email protected]; [email protected] Website: www.fec.cd Trade Fairs in DRC
DRC Mining week 23-24 June 2017 Lumbumbashi Tel: +27 21 7003500/ 13/16/36 Fax: +27 21 7003501 Email: [email protected] Website: www.spintelligent.com
SADC Trade Protocol
Zimbabwe and DRC are both members of the SADC
Protocol. The Protocol is an agreement between SADC
Member States to reduce customs duties and other barriers
to trade on products from each other. By January 1, 2008,
most customs duties (on 85% of tariff lines) had been
eliminated for goods originating from SADC Member States.
COMESA Free Trade Area
The Common Market for Eastern and Southern Africa (COMESA) is a regional integration grouping of African States which have agreed to promote regional integration through trade development and to develop their natural and human resources for the mutual benefit of all their peoples.
COMESA Member States established a Free Trade Area (FTA) on 31 October 2000. Fourteen States (Burundi, Comoros, Djibouti, Egypt, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Sudan, Seychelles, Zambia and Zimbabwe) are participating in the Free Trade Area.
COMESA Simplified Trade Regime
COMESA implemented the Simplified Trade Regime (STR)
to help the small trader to benefit from the preferential rates
enjoyed by commercial traders when importing or exporting
goods within the COMESA Bloc. The regime is operational
between Zimbabwe and Zambia, and Zimbabwe and Malawi.
The maximum value of goods traded under STR is US$1 000.
STR is used for goods that have been grown or wholly
produced in the COMESA Region. The trader will complete a
simplified customs document (declaration form) and a
simplified COMESA certificate of origin. These documents
are filled in at the border post by the trader and certified by a
customs official. Goods to be exported should comply with
the normal food safety, plant and animal health regulations
including environmental protection. Import or export permits
needed to import or export certain agricultural foods and
animal products are still required.
For more information on trading under COMESA FTA,
COMESA STR and SADC Trade Protocol refer to ZimTrade’s
“Guide to Zimbabwe’s Trade Agreements”.
For more information, please contact us
www.tradezimbabwe.com
[email protected] +263-4-369330-41
@ ZimTradeAlerts
Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.zimtrade.co.zw
