Africa-Press – Mozambique. In 2023, Mozambique recorded a 31.2% decrease in imports of goods, a value of US$9.1 billion, equivalent to 44.4% of GDP, essentially reflecting a 76% reduction in spending on goods for Major Projects (GP).
The data is contained in the annual balance of payments bulletin, recently released by the Bank of Mozambique (BdM), to which MZNews has had access, a document which highlights that the import of goods recorded in the same period of 2022 was heavily influenced by the arrival, in the first quarter, of the Coral Sul floating natural gas platform (FNLG) in Area 4 of the Rovuma Basin.
“Imports of goods, excluding the value of the Coral Sul FLNG, registered an increase of US$51.2 million compared to 2022, influenced, fundamentally, by the increase in the import of capital goods, with emphasis on the import of machinery,” the central bank bulletin details.
According to the document, in terms of categories of goods, Capital Goods accounted for 19.1% of total imports, presenting an annual flow of US$1.7 billion, equivalent to 8.5 % of GDP.
Additionally, Intermediate Goods contributed 33.4% to total imports, at a cost to the country of almost US$3.1 billion, equivalent to 14.9% of GDP. Finally, Consumer Goods cost the country US$2.2 billion, corresponding to 11% of GDP.
Overall, South Africa led as the main country of origin for Mozambican imports, representing 23.2% of total imports, with a total value of US$2.1 billion, followed by China, with 15.4 %, and the United Arab Emirates, with 10.3%.
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