Country intelligence · MOZ · 2024

Mozambique trade profile

In 2024, Mozambique recorded $10.6B in merchandise exports and $17.5B in imports, producing a $6.9B trade deficit. Exports changed +9.6% from the previous year, while imports changed -10.1%.[1]

Exports

$10.6B

+9.6%

Imports

$17.5B

-10.1%

Trade balance

-$6.9B

deficit

Active partners

270

14 FTA-linked

Historical evidence

Ten-year trade movement

The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports

Exact annual values

YearExportsImportsBalanceExport growth
2024$10.6B$17.5B-$6.9B+9.6%
2023$9.6B$19.4B-$9.8B-4.3%
2022$10.1B$20.0B-$9.9B+44.7%
2021$7.0B$16.9B-$10.0B+51.6%
2020$4.6B$10.7B-$6.1B-21.9%
2019$5.9B$12.0B-$6.2B-0.5%
2018$5.9B$10.2B-$4.3B+10.2%
2017$5.4B$8.3B-$3.0B+41.2%
2016$3.8B$7.7B-$3.9B-0.8%
2015$3.8B$9.4B-$5.6B-25.2%

Leading export sectors

HS2 chapters rank broad product groups by observed export value in 2024.

1

HS 27 · Mineral fuels and oils

40 active HS6 lines · 44 export partners

$5.0B
2

HS 76 · HS chapter

35 active HS6 lines · 52 export partners

$1.6B
3

HS 71 · Precious metals and stones

30 active HS6 lines · 49 export partners

$1.2B
4

HS 26 · HS chapter

28 active HS6 lines · 32 export partners

$741.4M
5

HS 07 · HS chapter

64 active HS6 lines · 59 export partners

$429.2M
6

HS 12 · HS chapter

41 active HS6 lines · 48 export partners

$273.9M
7

HS 24 · HS chapter

10 active HS6 lines · 63 export partners

$232.3M
8

HS 08 · HS chapter

67 active HS6 lines · 71 export partners

$171.0M

Leading export markets

Destinations rank bilateral export flows from Mozambique; growth describes each corridor rather than the whole economy.

1

India

Annual change +25.1% · 3-year CAGR 14.3%

$1.7B
2

China

Annual change +2.5% · 3-year CAGR 16.8%

$1.4B
3

South Africa

Annual change +6.1% · 3-year CAGR 8.2%

$1.1B
4

United Arab Emirates

Annual change +73.3% · 3-year CAGR 23.6%

$952.4M
5

South Korea

Annual change +21.3% · 3-year CAGR 52.8%

$721.7M
6

Singapore

Annual change +160.5% · 3-year CAGR 47.7%

$632.5M
7

Zimbabwe

Annual change +33.3% · 3-year CAGR 9.5%

$352.3M
8

Italy

Annual change -16.4% · 3-year CAGR -2.7%

$333.2M

Sources, definitions and limitations

[1] Primary trade source

OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.

Calculation notes

USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.