Mozambique Export Data

Mozambique's Import/Export Overview and Domestic Market Analysis

Imports & Exports

• Top Trade Partners: Mozambique's major trading partners include South Africa, China, India, and Portugal, reflecting a diverse but geographically focused trade network.

• Top 5 Imports: The country's main imports consist of machinery, vehicles, fuel, foodstuffs, and pharmaceuticals, accounting for a significant portion of total imports, emphasizing its need for industrial and basic consumer goods.

• Top 5 Exports: Leading exports are raw materials such as coal, aluminum, and natural gas, along with agricultural products like cashews and cotton, highlighting the country's resource-based economy.

• Trade Balance: Mozambique faces a trade deficit, with imports exceeding exports. This gap reflects the country's reliance on external markets for manufactured goods and energy, while it exports raw materials.

• Trade Policy: The trade policy supports export diversification and seeks to attract foreign investment, aiming to reduce dependency on a few commodities and improve the balance of trade.

Domestic Economic Climate

• Consumer Spending: Consumer expenditure is stable but constrained by income levels and price increases. There's a growing middle class that impacts demand for consumer goods and services.

• Interest Rates & Inflation: Interest rates have been adjusted in response to inflation, which has been moderate but remains a concern for economic stability and impacts borrowing costs for businesses and consumers.

• Supply Chain Dynamics: The supply chain faces challenges due to infrastructure limitations and global market disruptions, impacting import costs and the availability of goods in the domestic market.

• Industry Trends: The mining sector, agriculture, and services are key industries. The government's focus on developing these sectors aims to stimulate economic growth and create jobs.

Overall Outlook

Mozambique's economy is poised for growth, driven by its rich natural resources and strategic trade relationships. However, addressing infrastructure gaps and diversifying export products will be critical for sustainable development and managing economic vulnerabilities.