|Basic Information||Mozambique is located in southeastern Africa. It is an important estuary and regional transportation corridor. The country has a land area of nearly 800 thousands square kilometres and at the end of 2021, the population reached approximately 32.1 million. The capital city is Maputo. It is the national political, economic, cultural centre and transportation hub of the country, as well as one of the busiest ports in Africa.|
In overall, Mozambique’s political situation is generally stable, with advantageous geographic location and huge potential of economic development. In recent years, the attractiveness to foreign investment has been increased. Through increased investment in infrastructure, the local government has actively developed on tourism, striving to improve the investment environment and encourage the development of resources such as minerals, energy, agriculture and fishery.
Mozambique is an agricultural country. About 70% of the population is engaged in agricultural production and processing. The food crops include corn, rice, soybeans and cassava. The industry mainly includes processing industry. In terms of Mining industry, due to its rich mineral resources, many international mining companies are attracted to invest and develop in Mozambique.
The “2022 World Investment Report” published by the United Nations Conference on Trade and Development (UNCTAD), pointed out that by the end of 2021, Mozambique has attracted US$50.1 billion on stock of inward direct investment. According to the “2021 Statistical Bulletin of China’s Outward Foreign Direct Investment” , by the end of 2021, the stock of direct investment of China in Mozambique was US$1.3 billion, in main areas of investment were agriculture, energy, mining, real estate, hotels, automobile assembly and retail.
|Trade in Goods|
In 2021, Mozambique’s main export destinations are South Africa, India, the Netherlands and China. Its main export goods are mainly fossil fuel, aluminum products, and ore, etc. The main import origins include South Africa, China, India and United Arab Emirates. The main imported goods include mineral fuels, electrical equipment and vehicles, etc.
In 2022, China’s exports to Mozambique amounted to US$3.3 billion, mainly include diesel fuels, footwear; goods imported from Mozambique amounted to US$1.3 billion, mainly include titanium ore and concentrates, sesame.
Strategic positioning of Mozambique