Mozambique’s exports to hit US$ 2.2 billion this year

22 October 2007

Maputo, Mozambique, 22 Oct – Mozambique is set to export goods valued at US$ 2.28 billion this year, some 36 percent more than in 2006, Prime Minister Luísa Diogo told parliament on Thursday.

Diogo said the exports target would be met due to projected GDP growth of 7.2 percent and diversification of the country’s exports portfolio.

“Production increase in the first half of the year was 8.8 percent,” Diogo told Mozambique’s lawmakers.

Mozambique’s main exports are seafood – particularly shellfish – coal, aluminium, cotton and sugar. Most of these products are sold to the European Union and the United States.

Prime Minister Diogo also said that the Maputo authorities approved investment projects worth US$ 1.71 billion in the first half of the year, which created over 8,000 new jobs. (macauhub)