Mozambique
The economy of Mozambique is $14.396 billion by gross domestic product as of 2018, and has developed since the end of the Mozambican Civil War (1977–1992). In 1987, the government embarked on a series of macroeconomic reforms, which were designed to stabilize the economy. These steps, combined with donor assistance and with political stability since the multi-party elections in 1994, have led to dramatic improvements in the country’s growth rate. Inflation was brought to single digits during the late 1990s, although it returned to double digits in 2000–02. Fiscal reforms, including the introduction of a value-added tax and reform of the customs service, have improved the government’s revenue collection abilities.
Mozambique in Brief:
Capital:
Maputo
Currency:
Mozambican Metical (MZN)
Language:
Portuguese
Time Zone:
GMT+2
Mozambique’s logistics sector plays a crucial role in supporting its economy and regional trade, thanks to its strategic location on the Indian Ocean. The country’s major ports—Maputo, Beira, and Nacala—serve as critical gateways for exports like coal, aluminium, and agricultural products. These ports also facilitate trade for landlocked neighbours such as Zimbabwe, Zambia, and Malawi. Rail and road networks connect these ports to key mining and industrial zones, although infrastructure challenges persist. With ongoing investments in port expansions and transportation infrastructure, Mozambique is poised to enhance its role as a regional logistics hub.
- Machinery and Equipment
- Mineral Fuels
- Vehicles
- Food Products
- South Africa
- China
- India
- European Union
- Coal ($4.47B)
- Aluminum ($1.8B)
- Natural Gas ($1.3B)
- Tobacco ($690M)
- Electricity ($650M)
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