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India is the main destination of Mozambique’s exports in 2017

India is the main destination of Mozambique’s exports in 2017

12 September 2018

 

India was the main destination for Mozambique’s exports in 2017, with almost double the value of the country ranked second, South Africa, according to a yearbook published by the National Statistics Institute (INE).

 

The Statistical Yearbook for 2017 shows that India bought Mozambican goods worth 103.156 billion meticais or US$1.621 billion, while South Africa purchased goods worth 56.239 billion meticais or US$884 million.

 

China is ranked fifth in this list with US$252 million in purchases, with Portugal, the former colonial power, in a distant 18th place with US$21 million.

 

Mozambique’s exports in 2017 totalled 300.576 billion meticais or US$4.725 billion, of which India absorbed 34.32% and South Africa 18.71%.

 

In imports, which totalled 365.464 billion meticais or US$5.745 billion, South Africa appears in first place, with US$1.668 billion or 29.03% of the total and India in fifth place with US$451 million or 7.85% of the total.

 

In this list, China comes in third, with sales of US$493 million or 8.59% of the total, with Portugal in seventh place with US$242 million, or 4.22% of the total.

 

Taking into account the figures published in the Statistical Yearbook for 2017, Mozambique had a trade deficit of 64.888 billion meticais or US$1.020 billion that year.

 

The main products exported by Mozambique were coal, aluminium ingots and profiles, electricity, natural gas, tobacco, heavy sands, wood, sugar, bananas and cashew nuts.

 

Machinery topped the list of imported products, followed by diesel, graom, electricity, cars, gasoline, medicines, hydraulic cement, cooking oil and beer.

 

Source:https://macauhub.com