Mozambique’s trade balance displayed persistent deficits, widening from -986.4 million USD in 2017 to a peak of -6,372.0 million USD in 2022, reflecting increased imports of machinery and fuel to support infrastructure projects and industrialization efforts. The sharp 2022 deficit was driven by high global energy prices and rising import demand.
By 2023, the deficit narrowed significantly to -1,821.6 million USD, suggesting a combination of reduced import costs and improved export performance, particularly in natural gas and coal. Mozambique’s trade trends emphasize its reliance on imported capital goods for development and the potential of its resource exports to improve trade balance over time.
By 2023, the deficit narrowed significantly to -1,821.6 million USD, suggesting a combination of reduced import costs and improved export performance, particularly in natural gas and coal. Mozambique’s trade trends emphasize its reliance on imported capital goods for development and the potential of its resource exports to improve trade balance over time.
For a broader context, visit other statistics on Mozambique’s yearly GDP growth rate, Mozambique’s goods export value, Mozambique’s total population numbers.
