Located in the South-eastern part of Africa, Mozambique is one of the fastest growing economies, bordered by Swaziland, Zambia, South Africa, Tanzania, Zimbabwe and Malawi. Mozambique’s strategic coastline position serves as a gateway to global markets for some of these neighbouring landlocked countries. Subsistence agriculture employs the majority of Mozambique’s work force.
However, there is tremendous growth in the extractive industry in aluminium and coal beginning to contribute significantly to the GDP. The main export commodities are aluminium, prawns, cashews, cotton, sugar, citrus, timber, and bulk electricity. The country’s trade partners are mainly the European Union, South Africa, China, India and Switzerland. Future development challenge is diversifying the sources of economic growth and transformation from agricultural to value added products.
The World Bank’s Doing Business Report 2013 ranked Mozambique 146th among the 185 ranked countries. Mozambique is in the SADC and COMESA and is currently included in the SADC group for the i-EPAs.
Previously, ITC has supported Mozambique with its efforts in designing a national export strategy and currently ITC is helping in promoting SMEs development in Nampula province.
Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.