External demand for domestic products yields USD 2.5 billion in Q3

In the third quarter of 2022, the volume of exports was around 2.5 billion dollars, while imports stood at around 2.6 billion dollars, resulting in a deficit in the balance of trade in goods of around 444 million dollars, reports the newspaper "Carta", citing data from the National Statistics Institute (INE).

In a comparative analysis, INE states that in relation to the same quarter in 2021, both exports and imports rose by around 42.2% and 18.0%, respectively.

The document details that of the total products exported during the quarter under review, the highlights were aluminum (25.42%), hard coal (24.07%), coking and semi-coking coal (13.71%) and electricity (5.45%). Of the total imports, diesel (17.85%), machinery (10.91%) and cereals (5.65%) stood out.

"Some of the countries that stood out in trade relations with Mozambique in the third quarter of 2022 as destinations for exports were: India (23.9%), South Africa (14.55%), the United Kingdom (9.28%) and China (6.42%), with the main transaction products being: hard coal, briquettes, dried vegetables, coke and semi-coke, petroleum gas, electricity, raw aluminum, aluminum wire, ores of niobium, tantalum, vanadium, zirconium, fruits and oil seeds," reads the aforementioned document.

With regard to imports, the Statistical Authority found that the most important suppliers to Mozambique in the period under review were the United Arab Emirates (20,40%), South Africa (19,10%), China (12,00%) and India (8,00%), with the most significant products traded being: petroleum oils, soya oils, cement, insecticides, rodenticides, fungicides, cars, transport wagons, rice, shovels and medicines. (Letter)

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