Goods exports saw a further recovery in several frontier markets in the fourth quarter of fiscal 2025, despite global uncertainty arising from the imposition of trade tariffs. Larger African countries, in particular, have seen noticeable increases while others have experienced further declines, as highlighted in Fitch Ratings’ latest Frontier Markets Economic Monitor chart pack.
The index comprises countries from sub-Saharan Africa, Latin America and the Caribbean, the Middle East and North Africa, Europe, Asia and Oceania.
The report, previously called ‘Frontier Vision’, shows significant increases in Zambia’s exports through much of last year driven by growth in both traditional copper and non-traditional sectors like agriculture and electricity-linked goods. Countries such as Nigeria, Angola and Gabon have also seen improvements in export growth while others, including Ghana, Ethiopia, Senegal, Rwanda and Morocco have seen moderation with the latter two contracting in terms of annual percentage growth.
