21/04/2024 - 23:25:47

Mozambique

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5 

Basic Information

Mozambique is located in southeastern Africa. It is an important estuary and regional transportation corridor. The country has a land area of nearly 800 thousands square kilometres and at the end of 2021, the population reached approximately 32.1 million. The capital city is Maputo. It is the national political, economic, cultural centre and transportation hub of the country, as well as one of the busiest ports in Africa.

Investment Situation

In overall, Mozambique’s political situation is generally stable, with advantageous geographic location and huge potential of economic development. In recent years, the attractiveness to foreign investment has been increased. Through increased investment in infrastructure, the local government has actively developed on tourism, striving to improve the investment environment and encourage the development of resources such as minerals, energy, agriculture and fishery.

 Mozambique is an agricultural country. About 70% of the population is engaged in agricultural production and processing. The food crops include corn, rice, soybeans and cassava. The industry mainly includes processing industry. In terms of Mining industry, due to its rich mineral resources, many international mining companies are attracted to invest and develop in Mozambique.

The “2022 World Investment Report” published by the United Nations Conference on Trade and Development (UNCTAD), pointed out that by the end of 2021, Mozambique has attracted US$50.1 billion on stock of inward direct investment. According to the “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” , by the end of 2021, the stock of direct investment of China in Mozambique was US$1.3 billion, in main areas of investment were agriculture, energy, mining, real estate, hotels, automobile assembly and retail.

Trade in Goods

In 2021, Mozambique’s main export destinations are South Africa, India, the Netherlands and China. Its main export goods are mainly fossil fuel, aluminum products, and ore, etc. The main import origins include South Africa, China, India and United Arab Emirates. The main imported goods include mineral fuels, electrical equipment and vehicles, etc.

 In 2022, China’s exports to Mozambique amounted to US$3.3 billion, mainly include diesel fuels, footwear; goods imported from Mozambique amounted to US$1.3 billion, mainly include titanium ore and concentrates, sesame.


Economic Indicators

2020(a)

2021(a)

2022(b)

2023(b)

Population (million)

31.2

32.1

33.0

33.9

GDP (US$ billion)

14.2

15.8

17.9

19.6

Real GDP Growth Rate (%)

-1.2

2.3

3.7

4.9

Total Export of Goods

(US$ billion)

3.5

5.1

5.5

6.3

Total Import of Goods

(US$ billion)

6.4

8.7

6.6

7.0

Total Export of Services (US$ billion)

0.8

0.8

1.1(c)

1.2(c)

Total Import of Services (US$ billion)

2.7

2.6

2.8(c)

5.2(c)

Consumer Price Index (%)

3.1

5.7

11.3

8.6

Current Account Balance (US$ billion)

-3.9

-3.6

-8.2

-7.8

Exchange Rate (Mozambican Metical MZN: USD, Period Average)

69.5

65.5

63.9(a)

66.1(c)

Remarks: (a) actual value; (b) estimated value of International Monetary Fund (IMF); (c) estimated value of Oxford Economics

Source: International Monetary Fund (IMF), Oxford Economics “Country Economic Forecast – Mozambique (Dec 2022)”

 

 Main Export and Import Place of Goods

Main Export Destinations (2021)

Proportion of Total Value of Exports of Goods (%)

South Africa

16.7

India

15.7

The Netherlands

11.0

China

9.5

Others

47.1

 

Main Import Origins (2021)

Proportion of Total Value of Imports of Goods (%)

South Africa

26.1

China

11.0

India

8.6

United Arab Emirates

8.3

Others

56.0

Source: International Monetary Fund (IMF)

 

Major Imports and Exports of Goods

Major Exports of Goods (2021)

Proportion of Total Value of Exports of Goods (%)

Fossil fuels, mineral oil and its distilled products; bituminous substances; mineral wax

43.1

Aluminum and its products

22.1

Ore, slag and ash

8.5

Edible Vegetables, Roots and Tubers

7.1

Others

19.2

Major Imports of Goods (2021)

Proportion of Total Value of Imports of Goods (%)

Mineral fuels, mineral oil and its distilled products; bituminous substances; mineral wax

16.9

Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.

9.5

Cereals

7.8

Vehicles other than railway or tramway rolling-stock and their parts and accessories thereof

6.9

Others

58.1

Source: International Trade Center (ITC)

 

Major Imports and Exports of Services

Main Exports of Services (2021)

Proportion of Total Value Exports of Services (%)

Transport

81.9

Tourism

8.7

Insurance and pension services

3.9

Other

5.5

Main Imports of Services (2021)

Proportion of Total Value Imports of Services (%)

Other business service

44.0

Transport

29.3

Finance services

5.9

Other

20.8

RemarksThe above content is based on estimated value of UNCTAD, WTO and ITC.

SourceInternational Trade Centre (ITC)

  

Statistics on the Trade of Goods between Mainland China and Mozambique (US$ ten thousands)

Year

Total Trade

Total Exports value*

Total Imports value**

2022

463,224.0

329,212.4

134,011.6

2021

403,541.9

289,689.2

113,852.8

2020

257,711.1

199,994.6

57,716.5

2019

266,973.4

195,769.6

71,203.7

2018

249,532.5

186,189.3

63,343.2

Remarks: *Value of goods exported to Mozambique from Mainland China; **Value of goods imported from Mozambique to Mainland China

Source: General Administration of Customs of the People’s Republic of China

 

Statistics on the Trade of Goods between the Macao SAR and Mozambique (US$) (USD 1 » MOP 8)

Year

Total Trade

Total Exports Value*

Total imports value**

2022

291,420.9

272,221.3

19,199.6

2021

387,296.7

371,588.4

15,708.3

2020

29,159

26,496

2,663

2019

56,906

47,907

8,999

2018

209,095

13,866

195,229

Remarks: *Value of goods exported to Mozambique from Macao; **Value of goods imported from Mozambique to Macao.

Source: Statistics and Census Service (DSEC), Macao SAR Government

 

Source of Data:

  • “Country (region) guide for foreign investment co-operation (Mozambique)” by the Ministry of Commerce the People’s Republic of China
  • “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” by the Ministry of Commerce of the People’s Republic of China, National Bureau of Statistics and State Administration of Foreign Exchange
  • General Administration of Customs of the People’s Republic of China
  • SinoMaps Press
  • Statistics and Census Service (DSEC), Macao SAR Government
  • International Monetary Fund (IMF)
  • International Trade Center (ITC)
  • 2022 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)
  •  “Country Economic Forecast – Mozambique (Dec 2022)” by Oxford Economics

 Updated in March 2023.