Mozambique: Trade with China totals US$285 million in 2007

10 November 2008

Maputo, Mozambique, 10 Nov – Trade between Mozambique and China totalled US$285 million in 2007, an official from Mozambique’s Institute for Export Promotion (Ipex) told Macauhub.

The source did not mention figures for 2006, but noted that the figure showed an eight-fold increase against trade between the two countries in 2001, when it totalled less than US$36 million.

China imports from Mozambique various types of wood, which is produced in the centre and north of the East African country.

China is the sixth-biggest supplier of foreign direct investment to the country, according to the Centre for Investment Promotion (CPI).

China has several companies in Mozambique operating in various sectors, including construction. (macauhub)