05/05/2024 - 06:12:41

Mozambique

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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 2023, the population reached approximately 33.9 million (estimate of IMF). 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 “2023 World Investment Report” published by the United Nations Conference on Trade and Development (UNCTAD), pointed out that by the end of 2022, Mozambique has attracted US$54.11 billion on stock of inward direct investment. According to the “2022 Statistical Bulletin of China’s Outward Foreign Direct Investment” , by the end of 2022, the stock of direct investment of China in Mozambique was US$1.18 billion, in main areas of investment were agriculture, energy, mining, real estate, hotels, automobile assembly and retail.
Trade in Goods	In 2022, Mozambique’s main export destinations are India, United Kingdom and South Africa. Its main export goods are mainly fossil fuel, aluminum products, and ore, etc. The main import origins include South Korea, South Africa and United Arab Emirates. The main imported goods include vessels, mineral fuels, electrical equipment, etc. In 2023, China’s exports to Mozambique amounted to US$3.72 billion, mainly include footwear; road tractors, goods imported from Mozambique amounted to US$1.79 billion, mainly include titanium ore and concentrates, etc.

Economic Indicators

	2021	2022	2023
Population (million)	32.08	32.97	33.90
GDP (US$ billion)	16.17	18.41	21.35
Real GDP Growth Rate (%)	2.4	4.4	6.0
Total Export of Goods (US$ million)	5,704	8,299	8,276
Total Import of Goods (US$ million)	8,758	14,671	10,098
Total Export of Services (US$ million)	822*	1,128*	1,012
Total Import of Services (US$ million)	2,557*	2,575*	2,000
Inflation measured by the Consumer Price Index (Annual Inflation rate%)	5.7	9.8	6.1
Current Account Balance (US$ billion)	-3.661	-6.383	-2.346

Source: “*” Data of World Trade Organization (WTO) and the others of International Monetary Fund (IMF)

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

Year	Total Trade	Total Exports value	Total Imports value
2023	5,506,504	3,715,178	1,791,326
2022	4,632,240	3,292,124	1,340,116
2021	4,035,981	2,895,827	1,140,153

Remarks: “ Exports” refers goods exported to Mozambique from Mainland China; “Imports” refers 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 of recent three years (US$) (USD 1 ≈ MOP 8)

Year	Total Trade	Total Exports Value	Total Imports Value
2023	215,604.4	13,345.4	202,259.0
2022	291,420.9	19,199.6	272,221.3
2021	387,296.7	371,588.4	15,708.3

Remarks: “ Exports” refers goods exported to Mozambique from Macao; “Imports” refers 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
“2022 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)
World Trade Organization (WTO)
International Trade Center (ITC)
“2023 World Investment Report” by the United Nations Conference on Trade and Development (UNCTAD)