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2023
Economic Complexity
Trade -1.27Rank 122 of 132
2022
Economic Complexity
Research -0.41Rank 77 of 140
2023
Product
Exports | Imports $11.8B | $17.8B97 of 226 |  90 of 226
2023
Per Capita Product
Exports | Imports $350 | $530146 of 220 |  179 of 220

About

Overview In 2023, Mozambique was the number 118 economy in the world in terms of GDP (current US$), the number 97 in total exports, the number 90 in total imports, the number 189 economy in terms of GDP per capita (current US$) and the number 122 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Mozambique are Coal Briquettes ($2.72B), Petroleum Gas ($1.99B), Raw Aluminium ($1.41B), Gold ($683M), and Precious Stones ($545M), exporting mostly to India ($2.13B), China ($1.56B), South Africa ($1.04B), United Arab Emirates ($649M), and Thailand ($509M).

Imports The top imports of Mozambique are Refined Petroleum ($3.42B), Chromium Ore ($1.69B), Ferroalloys ($1.06B), Iron Ore ($540M), and Palm Oil ($447M), importing mostly from South Africa ($6.13B), China ($2.43B), India ($2.28B), United Arab Emirates ($1.11B), and Singapore ($619M).

In 2023, Mozambique was the world's biggest importer of Fluorides ($381M)

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

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

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.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Coal Briquettes$2.72B
Top Destination (2023)India$2.13B

In 2023, Mozambique exported a total of $11.8B, making it the number 97 exporter in the world. During the last five reported years the exports of Mozambique have changed by $1.64B from $10.1B in 2018 to $11.8B in 2023.

The most recent exports are led by Coal Briquettes ($2.72B), Petroleum Gas ($1.99B), Raw Aluminium ($1.41B), Gold ($683M), and Precious Stones ($545M). The most common destination for the exports of Mozambique are India ($2.13B), China ($1.56B), South Africa ($1.04B), United Arab Emirates ($649M), and Thailand ($509M).

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Exports (2023)
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Destinations (2023)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2022 - 2023)
China$723M (+ 86.2%)
Thailand$389M (+ 324%)
Uganda$179M (+ 2.67k%)
Fastest Growing Import Markets (2022 - 2023)
South Africa$1.7B (+ 38.4%)
India$1.2B (+ 112%)
United Arab Emirates$621M (+ 127%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2019)

Service Imports (2019)

Economic Complexity

Overview

Economic Complexity (Trade)-1.27Rank 122 of 132
Economic Complexity (Research)-0.41Rank 77 of 140

Most Specialized Products by RCA Index

Mozambique has a high level of specialization in Titanium Ore (267), Graphite (189), Niobium, Tantalum, Vanadium and Zirconium Ore (161), Aluminium Wire (88), and Precious Stones (87.9). 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

The highest complexity exports of Mozambique according to the product complexity index (PCI) are Machinery n.e.c. in this chapter, for the industrial preparation or manufacture of... (0.7), Railway or tramway maintenance or service vehicles; whether or not self-propelled (e.g.... (0.31), Railway or tramway goods vans and wagons; not self-propelled (0.0064), Iron or non-alloy steel; flat-rolled products, width 600mm or more, cold-rolled (cold-reduced),... (-0.0043), and Starches; inulin (-0.36). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Mozambique according to the relatedness index, were Tin Ores (0.13), Manganese Ore (0.12), Crude Petroleum (0.12), Cocoa Beans (0.11), and Aluminium Ore (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Mozambique is not specialized in.

Product Space

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.

Relatedness Space

This network shows the products most related to the production structure of Mozambique. These are products that tend to be co-exported with the products that Mozambique exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

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.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Mozambique's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨nullth to the 122nd⁩ 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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ECI (Trade) Ranking by Country

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