The President of the Republic, Filipe Nyusi, said on Tuesday that the best way to combat public debt is financial discipline, increased production and exports and incentives to the private sector. Asked how Mozambique faces the challenge of public debt during a debate at the annual meetings of the African Development Bank...
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Exports from Portuguese-speaking countries to Macau rise 31% in 1st quarter
In the first three months of the year, the value exported by Portuguese-speaking countries to the Chinese special administrative region was 213 million patacas (25 million euros), according to the Statistics and Census Bureau (DSEC), cited by Portuguese news agency Lusa. The amount of goods imported from Macau by the...
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EU suspends duties on Ukrainian exports to Europe
In a communiqué, the EU executive announces the proposal, explaining that it "constitutes an unprecedented gesture of support for a country at war," providing, in addition to the suspension of duties on EU imports into Ukraine, the cessation for one year of "all existing EU anti-dumping and safeguard measures...
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Exports of goods to Russia dropped 70% - Von der Leyen
European Commission President Ursula von der Leyen said today that Russian state bankruptcy is only a matter of time due to Western sanctions imposed for invading Ukraine. Von der Leyen told the German newspaper Bild am Sonntag, quoted by the official Russian news agency TASS that the sanctions are affecting every...
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China's exports grow 15.7% in March
China's exports rose 15.7% year-on-year in March, while imports remained stable, according to Chinese customs, despite disruptions in supply chains caused by covid-19 outbreaks in the country. Exports rose to $276.1 billion despite coronavirus prevention measures imposed in Shanghai and...
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Trade between China and Africa to reach record value in 2021 of 254 MM$
Trade between China and Africa rose 35% last year to a record value of US$254 billion. According to figures released today by China Customs, cited by Lusa, the year-on-year rise is equivalent to an increase of US$65 billion in trade, attesting to the growing importance of China in Africa.
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Exports of auto components drop 13.61TP2Q2
According to the Lusa agency, citing data released by AFIA, exports of automotive components fell by 13.6% in November 2021 compared to the same month of 2020, to 812 million euros, having decreased by 9.2% compared to 2019. "Thus, and analyzing foreign sales in the first eleven months of the year, it can be seen that only...
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Mozambique accounts for USD 2,732 million in exports - report
The Bank of Mozambique (BM) indicates that the country recorded an increase in exports in the third quarter of 2021, due to a slowdown in the current account deficit (cc). The report "External Sector Statistics for the Third Quarter of 2021", of December 17, reveals that the accumulated data for the period in reference point to...
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In the middle of the pandemic Japan registers a surplus of 9.2 MM€ in the current account in October
Despite the devastating effects of the Covid-19 pandemic, Japan recorded a current account surplus of 1.18 trillion yen (€9.2 billion) in October, down 39.4% from the same period a year earlier. According to the Japanese government's announcement, this is the 86th consecutive month of positive balance of this indicator and...
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November 7, 2021November 7, 2021Economy
Mozambique may collect US$ 5,203 million in exports in 2022
Exports of non-factorial goods and services, especially minerals, fish and agricultural products, could allow the Mozambican state to earn more than $5.23 million next year