India / Mozambique

Overview In January 2024, India exported $129M and imported $240M from Mozambique, resulting in a negative trade balance of $112M. Between January 2023 and January 2024 the exports of India have decreased by $-204M (-61.4%) from $333M to $129M, while imports increased by $77M (47.1%) from $163M to $240M.

Trade In January 2024, the top exports of India to Mozambique were Petroleum Products ($283M), Rice(Other Than Basmoti) ($13.9M), Drug Formulations, Biologicals ($8.61M), Cotton Fabrics, Madeups Etc. ($3.95M), and Indl. Machnry For Dairy Etc ($2.03M). In January 2024 the top imports of India from Mozambique were Coal,Coke And Briquittes Etc ($84.9M), Pulses ($36.4M), Copper And Prdcts Made Of Copr ($30.8M), Pulp And Waste Paper ($4.43M), and Iron And Steel ($3.81M).

Growth In January 2024, the decrease in India's year-by-year exports to Mozambique was explained primarily by an decrease in product exports in Optical Items (Incl.Lens Etc) ($-851k or -85.6%), Bulk Drugs, Drug Intermediates ($-768k or -63.3%), and Iron And Steel ($-754k or -86.8%). In January 2024, the increase in India's year-by-year imports  from Mozambique was explained primarily by an increase in product imports  in Copper And Prdcts Made Of Copr ($4.41M or 16.7%), Lead And Products Made Of Led ($1.24M or 347%), and Iron And Steel ($774k or 25.5%).