Mozambique2020 Economic Complexity : -1.24, Rank 114 of 127
2020 Product Exports | Imports: $5.37B | $10.9B, 110 of 226 | 93 of 226
2020 Per Capita Product Exports | Imports: $172 | $349, 182 of 219 | 183 of 219
2019 Service Exports | Imports : $931M | $2.82B, 55 of 69 | 44 of 69
Overview In 2020 Mozambique was the number 127 economy in the world in terms of GDP (current US$), the number 110 in total exports, the number 93 in total imports, the number 193 economy in terms of GDP per capita (current US$) and the number 114 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Mozambique are Raw Aluminium ($1.38B), Coal Briquettes ($963M), Electricity ($310M), Raw Tobacco ($287M), and Petroleum Gas ($281M), exporting mostly to South Africa ($731M), India ($711M), China ($417M), United Kingdom ($377M), and Italy ($337M).
Imports The top imports of Mozambique are Refined Petroleum ($1.34B), Cobalt Oxides and Hydroxides ($505M), Iron Ore ($423M), Chromium Ore ($386M), and Rice ($279M), importing mostly from South Africa ($3.06B), China ($1.59B), India ($1.18B), Democratic Republic of the Congo ($681M), and United Arab Emirates ($455M).
In 2020, Mozambique was the world's biggest importer of Fluorides ($257M)
Location Mozambique borders Malawi, South Africa, Eswatini, Tanzania, Zambia, and Zimbabwe by land and Comoros and Madagascar by sea.
The following section uses the most recent trade data from partners of Mozambique.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2020): Raw Aluminium, $1.38B
Top Destination (2020): South Africa, $3.06B
In 2020, Mozambique exported a total of $5.37B, making it the number 110 exporter in the world. During the last five reported years the exports of Mozambique have changed by -$237M from $5.61B in 2015 to $5.37B in 2020.
The most recent exports are led by Raw Aluminium ($1.38B), Coal Briquettes ($963M), Electricity ($310M), Raw Tobacco ($287M), and Petroleum Gas ($281M). The most common destination for the exports of Mozambique are South Africa ($731M), India ($711M), China ($417M), United Kingdom ($377M), and Italy ($337M).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
Mozambique Exports Services (2019): $931M
Mozambique Imports Services (2019): $2.82B
In 2019, Mozambique exported $931M worth of services. The top services exported by Mozambique in 2019 were Transportation ($601M), Personal travel ($252M), Insurance services ($27.2M), Other business services ($24.9M), and Computer and information services ($23.2M).
The top services imported by Mozambique in 2019 were Other business services ($1.21B), Transportation ($630M), Construction services ($343M), Financial services ($273M), and Insurance services ($165M).
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.
*The tariffs applied to imports for Mozambique are:
Mozambique has a high level of specialization in Titanium Ore (239), Niobium, Tantalum, Vanadium and Zirconium Ore (150), Graphite (109), Raw Tobacco (107), and Raw Aluminium (86.8). Specialization is measured using RCA, an index that takes the ratio between Mozambique observed and expected exports in each product.
The highest complexity exports of Mozambique according to the product complexity index (PCI) are Fluorides and complex fluorine salts (0.51), Aluminium powders and flakes (0.2), Builders joinery and carpentry, of wood (0.013), Paper, board corrugated creped embossed perforated nes (-0.17), and Ferrous waste or scrap, ingots or iron or steel (-0.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Mozambique according to the relatedness index, are Manganese Ore (0.15), Cocoa Beans (0.14), Tin Ores (0.13), Insect Resins (0.13), and Crude Petroleum (0.13). 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 a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.
During the last 16 years Mozambique's economy has become relatively less complex, moving from the 89th to the 114th 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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