Africa-Press – Mozambique. The overall volume of Mozambique’s foreign trade in goods abroad fell by 16.8% in 2020 compared to the previous year, the National Statistics Institute (INE) said on Wednesday in the bulletin of statistics on Foreign Trade.
“In 2020, goods worth a total of $10.05 billion (€8.55 billion) were transacted with foreign countries against the $12.09 billion (€10.28 billion) recorded in 2019,” according to the document.
The highest ever level of Mozambique’s trade in goods with foreign countries was reached in 2013 with $14.12 billion (€12 billion),” it said.
Between 2019 and 2020, the trade balance worsened by about $123.6 million (€105 million ), going from -$2.75 billion (-€2.34 billion) in 2019 to -$2.88 billion (-€2.44 billion) in 2020.
In 2020, the country exported goods worth a total of $3.58 billion (€3.04 billion), equivalent to a drop of 23.1% compared to the $4.66 billion (€3.96 billion) recorded in 2019.
On the imports side, an overall value of $6.47 billion (€5.49 billion) was recorded, which was also a drop of 12.9% compared to the $7.42 billion (€6.31 billion) recorded in 2019.
Both in 2019 and 2020 South Africa was the main trading partner with Mozambique.
At the level of imports from the European Union, Portugal was Mozambique’s main partner (33.5%), followed by Italy (16.0%), Germany (11.9%) and the Netherlands (8.2%).
