Trade between Mozambique and Brazil total US$146 million in 2012

29 January 2013

Trade between Mozambique and Brazil totalled US$146 million in 2012, which was the equivalent of real growth of US$61.2 million or 72.16 percent according to Mozambican news agency AIM reported.

Two-way trade was largely in Brazil’s favour, as in 2012 Brazil exported goods to Mozambique worth US$122.3 million, including aeroplanes, frozen chicken, fresh meat, trailers, semi-trailers and tractors.

Mozambique sold goods to Brazil worth US$24.1 million, including unprocessed tobacco, bitumen, zirconium, niobium, tantalum and vanadium ores and other manufactured products.

In 2012 Brazil did not import raw aluminium, which in 2011 accounted for over half of Brazil’s imports from Mozambique.

There were also no Brazilian imports of wooden statues and decorative objects, which are also usually imported from Mozambique by Brazil.

The agency reported that this imbalance in two-way trade was likely to be reduced through exports of coal mined in Mozambique’s Tete province, particularly by Brazilian group Vale, which will mainly be sold to Brazil, India, Japan and South Africa. (macauhub)