Flag Mozambique

Econ Complexity (2018): -1.1, Rank 115 of 137

Product Exports (2018): $8.01B, Rank 97 of 222

Exports Per Capita (2018): $272, Rank 23 of 219

Product Imports (2018): $10.3B, Rank 101 of 221

Imports Per Capita (2018): $348, Rank 29 of 219

Service Exports (2018): $779M, Rank 71 of 88

Service Imports (2018): $4.35B, Rank 44 of 88

GDP (2018): $14.7B, CURRENT US$
Rank 123 of 196

GDP growth (2008 - 2018): 17%, CURRENT US$
Rank 133 of 196

GDP PC (2018): $499, CURRENT US$
Rank 191 of 196

GDP PC GROWTH (2008 - 2018): -11.6%, CURRENT US$
Rank 170 of 196

Overview: In 2018 Mozambique was the number 123 economy in the world in terms of GDP (current US$), the number 97 in total exports, the number 101 in total imports, and the number 115 most complex economy according to the Economic Complexity Index (ECI). In 2018, Mozambique exported $8.01B and imported $10.3B, resulting in a negative trade balance of -$2.26B. In 2018, Mozambique's exports per capita were $272 and its imports per capita were $348.

Trade: The top exports of Mozambique are Coal Briquettes ($1.6B), Raw Aluminium ($1.08B), Aluminium Bars ($1.05B), Coke ($958M), and Petroleum Gas ($425M). The top imports of Mozambique are Refined Petroleum ($1.32B), Chromium Ore ($614M), Aluminium Oxide ($505M), Raw Aluminium ($445M), and Ferroalloys ($267M).

Destinations: Mozambique exports mostly to India ($1.76B), Netherlands ($1.17B), South Africa ($1.16B), Italy ($506M), and China ($394M), and imports mostly from South Africa ($2.99B), China ($1.55B), India ($715M), Netherlands ($537M), and Australia ($528M).

Location: Mozambique borders Malawi, South Africa, Tanzania, Zambia, and Zimbabwe by land and Comoros and Madagascar by sea.

Product Exports

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Value
Depth

Top Export (2018): Coal Briquettes, $1.6B

Top Destination (2018): India, $1.76B

In 2018 Mozambique exported a total of $8.01B, making it the number 97 exporter in the world. During the last five reported years the exports of Mozambique have changed by $523M from $7.49B in 2013 to $8.01B in 2018.

The most recent exports are led by Coal Briquettes ($1.6B), Raw Aluminium ($1.08B), Aluminium Bars ($1.05B), Coke ($958M), and Petroleum Gas ($425M). The most common destination for the exports of Mozambique are India ($1.76B), Netherlands ($1.17B), South Africa ($1.16B), Italy ($506M), and China ($394M).

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Product Imports

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Value
Depth

Top Import (2018): Refined Petroleum, $1.32B

Top Origin (2018): South Africa, $2.99B

In 2018 Mozambique imported $10.3B, making it the number 101 trade destination in the world. During the last five reported years the imports of Mozambique changed by -$566M from $10.8B in 2013 to $10.3B in 2018.

The most recent imports of Mozambique are led by Refined Petroleum ($1.32B), Chromium Ore ($614M), Aluminium Oxide ($505M), Raw Aluminium ($445M), and Ferroalloys ($267M). The most common import partners for Mozambique are South Africa ($2.99B), China ($1.55B), India ($715M), Netherlands ($537M), and Australia ($528M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Mozambique Exports Services (2018): $779M

Mozambique Imports Services (2018): $4.35B

In 2018, Mozambique exported $779M worth of services. The top services exported by Mozambique in 2018 were Transportation ($477M), Personal travel ($242M), Other business services ($26.5M), Computer and information services ($16.9M), and Insurance services ($13.5M).

The top services imported by Mozambique in 2018 were Other business services ($3.21B), Transportation ($568M), Insurance services ($176M), Personal travel ($121M), and Computer and information services ($83.1M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Mozambique. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Mozambique are Acrylic & vinyl polymer based paint, varnish, in wate (20%) and Acrylic or vinyl polymer paint or varnish, non-aqueou (20%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Mozambique are:
136: Most Favoured Nation duty rate treatement
264: Preferential tariff for Malawi
334: Preferential tariff for Zimbabwe
347: Regional Preferential tariff for SADC countries

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 14 years Mozambique's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨98th to the 115th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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Most Specialized Products by RCA Index

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Mozambique has a high level of specialization in Titanium Ore (241), Coke (207), Aluminium Bars (128), Niobium, Tantalum, Vanadium and Zirconium Ore (113), and Precious Stones (78.1). Specialization is measured using RCA, an index that takes the ratio between Mozambique observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Mozambique according to the product complexity index (PCI) are Railway maintenance-of-way service vehicles (1.14), Transfers (decalcomanias) (1), Electric generating sets and rotary converters (0.74), Tantalum and articles thereof, including waste, scrap (0.69), and Synthetic filament tow (0.29). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Mozambique according to the relatedness index, are Crude Petroleum (0.14), Manganese Ore (0.13), Gold (0.13), Uranium and Thorium Ore (0.12), and Insect Resins (0.12). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mozambique is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.