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.
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.
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.
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).
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.
*The tariffs applied to imports for Mozambique are:136: Most Favoured Nation duty rate treatement264: Preferential tariff for Malawi334: Preferential tariff for Zimbabwe347: Regional Preferential tariff for SADC countries
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.
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.
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.
Mozambique
