flag Mozambique Mozambique: Trade Profile

Foreign Trade in Figures

Mozambique is open to foreign trade, which represents over 70% of the country's GDP. The appreciation of the Mozambican metical (MZN), the local currency, has allowed an increase in export revenues (aluminum, tobacco, cashew nuts). The trade policy of the current government aims at creating structural reforms on its customs duties, customs and VAT procedures in order to encourage exports.

At the moment, customs duties remain high but the country does not have any non-tariff barriers. The government aims to reform its trade regulations to make it more favorable to business. At the current time, taking into consideration the discoveries of the new reserves, Mozambique could become one of the largest exports of natural gas in the world by 2018 (the country hosts the third largest reserve in Africa). Lastly, a construction project of natural gas plant stations scheduled for 2014 and the project of a dam should allow the country to increase its exports of electricity towards its neighboring countries. Infrastructures for exporting purposes (railroads, port in deep waters, liquefied natural gas plants) are also being built. The country should start exporting natural gas and coal towards Asia in 2020.

Mozambique's trade balance is in deficit. In 2013, imports were higher than exports, a trend that should continue until the exports of gas and coal start operating. The country mainly exports coal (and the production is growing), aluminum, prawns, cashews, cotton, sugar, lemons, timber and electricity to the Netherlands, South Africa, China and Zimbabwe. The country imports machinery, equipment, vehicles, fuels, chemical products, metal products, foodstuffs and textile products from South Africa, the Netherlands, India and China.

 
Foreign Trade Indicators 20092010201120122013
Imports of Goods (million USD) 3,7644,6006,3066,8008,600
Exports of Goods (million USD) 2,1473,0003,6044,1004,300
Imports of Services (million USD) 1,0041,1992,1414,1562,964
Exports of Services (million USD) 5445576461,0111,579
Imports of Goods and Services (Annual % Change) 162025-
Exports of Goods and Services (Annual % Change) 271821-
Trade Balance (million USD) -1,275-1,179-2,249-4,043-
Current Account (million USD) -1,171----
Foreign Trade (in % of GDP) 738091101-
Imports of Goods and Services (in % of GDP) 45496071-
Exports of Goods and Services (in % of GDP) 28313130-

Source: WTO - World Trade Organization ; World Bank - Last Available Data.

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Main Partner Countries

Main Customers
(% of Exports)
2012
Netherlands 26.6%
South Africa 19.2%
China 18.4%
United Kingdom 5.1%
India 4.5%
See More Countries 26.3%
Main Suppliers
(% of Imports)
2012
South Africa 31.4%
Netherlands 9.3%
United Arab Emirates 7.4%
Bahrain 6.3%
United Kingdom 6.0%
See More Countries 39.6%

Source: Comtrade, Last Available Data

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Main Products

3.5 bn USD of products exported in 2012
Bars, rods and profiles, of aluminium, n.e.s.Bars, rods and profiles, of aluminium, n.e.s. 31.4%
Coke and semi-coke of coal, of lignite or of peat,...Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon 12.5%
Petroleum gas and other gaseous hydrocarbonsPetroleum gas and other gaseous hydrocarbons 7.2%
Electrical energyElectrical energy 6.7%
Unmanufactured tobacco; tobacco refuseUnmanufactured tobacco; tobacco refuse 6.6%
See More Products 35.6%
6.2 bn USD of products imported in 2012
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 18.4%
Electrical energyElectrical energy 5.0%
Unwrought aluminiumUnwrought aluminium 4.8%
Bars, rods and profiles, of aluminium, n.e.s.Bars, rods and profiles, of aluminium, n.e.s. 4.3%
Motor vehicles for the transport of goods, incl....Motor vehicles for the transport of goods, incl. chassis with engine and cab 3.9%
See More Products 63.6%

Source: Comtrade, Last Available Data

 
 
 

Main Services

1.3 bn USD of services exported in 2010
30.51%
25.16%
21.19%
10.88%
6.01%
3.81%
1.03%
0.62%
0.60%
0.19%
-%
2.3 bn USD of services imported in 2010
28.29%
26.72%
21.73%
10.19%
4.44%
4.01%
1.63%
1.46%
1.04%
0.37%
0.13%

Source: Comtrade, Last Available Data

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Useful Resources
Mozambique Customs
National Organization of Intellectual Property
The Industrial Property Institute (IPI).
 

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Last Updates: April 2014