Mozambican exports to Portugal increase 20 percent from Jan-Nov 2005

24 January 2006

Maputo, Mozambique, 24 Jan – Exports from Mozambique to Portugal increased by 20.4 percent year on year from January to November 2005 to a total of 21.6 million euros, the Portuguese agency for export promotion, ICEP Portugal said Monday.

In the same period Portuguese exports to Mozambique increased 15.1 percent to 45.6 million euros, almost doubling Portugal’s trade surplus with the East African nation.

Mozambique mainly imported from Portugal machinery, electrical equipment and materials (14 percent of the total), books (13 percent), mechanical instruments and machines (9 percent), and furniture and lighting equipment (6 percent).

Exports to Portugal, according to ICEP, were mainly made up of foodstuffs (67 percent), cotton (16 percent) and tobacco (11 percent).

Portugal is one of the main destinations for Mozambican exports together with Belgium, South Africa, Spain and India.

In 2004, overall Mozambican exports totaled US$1.503 billion, a year on year increase of 44 percent.

In 2005 exports are expected to have increased by 4.3 percent according to the latest forecasts from the International Monetary Fund.(macauhub)