The Export Market of Mozambique in 2024: Brief Overview of the Top Trade Partners
The continuous efforts of the government authorities in the diversification of the economy to promote internationalization has resulted in severe beneficial results like increasing sales of natural gas, the upward trajectory of agricultural exports, and a rapid surge in aluminum exports; this overall has fostered the annual valuation by a crucial manner. The fertile land area of the nation and the tropical climatic conditions provide strategic access to the farmers for a vulnerable production of the global agricultural essentials countering the annual valuation.
The developing country of Africa has come across a long way in its export market of 2024 by a growth rate of 3% CAGR from the valuation of 2020; i.e. (6.7 billion US dollars in 2024 and 2.8 billion US dollars in 2020). The access to major transportation ports of the nearby locations and the tariff rates implemented over the goods exchanged serves as a strong base towards the entire economic growth rate.
The Leading Variants of Goods Exported From Mozambique in 2024
The recent statistics on Mozambique’s export landscape have reported that the cost-effective pricing strategies and the technological evolution of the manufacturing units have fostered the diversifying portfolio of the nation at a crucial rate. According to the Mozambique Export Data, the top 10 leading variants of goods exported from Mozambique in 2024 are,
• Natural Gas – The total value of Natural Gas exported from Mozambique in 2024 – 2 billion US dollars.
• Coal – The total value of Coal exported from Mozambique in 2024 – 786 million US dollars.
• Agricultural Products – The total value of Agricultural Products exported from Mozambique in 2024 – 654 million US dollars.
• Seafood – The total value of Seafood exported from Mozambique in 2024 – 521 million US dollars.
• Precious Stones – The total value of Precious Stones exported from Mozambique in 2024 – 387 million US dollars.
• Petroleum Products – The total value of Petroleum Products exported from Mozambique in 2024 – 276 million US dollars.
• Wood Products – The total value of Wood Products exported from Mozambique in 2024 – 187 million US dollars.
• Textiles – The total value of Textiles exported from Mozambique in 2024 – 145 million US dollars.
• Chemicals – The total value of Chemicals exported from Mozambique in 2024 – 128 million US dollars.
• Machinery and Equipment – The total value of Machinery and Equipment exported from Mozambique in 2024 – 115 million US dollars.
The Leading Export Trade Partners of Mozambique in 2024
The robust economic performance of Mozambique in the fast-paced global market has attracted the services of different investors worldwide. The tariff rates and the modernization of the manufacturing units serve as a staircase toward the buildup of supply chains. According to the Mozambique Trade Data, the top 10 export trade partners of Mozambique in 2024 are,
• China – According to the China Import Data, the valuation of the goods exported from Mozambique in 2024 – 987 million US dollars.
• Vietnam – According to the Vietnam Import Data, the valuation of the goods exported from Mozambique in 2024 – 124 million US dollars.
TOP 5 VARIANTS OF GOODS EXPORTED
1. Timber 2. Precious stones 3. Gold 4. Iron ore 5. Heavy machinery
FAQ’S
Que. What is the Export Trade Value of Mozambique in 2024? Ans. The export trade value of Mozambique in 2024 is 6.7 billion US dollars.
Que. Who is the Top Export Trade Partner of Mozambique in 2024? Ans. The top export trade partner of Mozambique in 2024 is China.
Que. What is the Top Exported Product of Mozambique in 2024? Ans. Natural gas is the top exported product of Mozambique in 2024.
Que. Where Can You Get a Detailed Trade Analysis of the Export Market of Mozambique in 2024? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the export market of Mozambique in 2024.