India buys 18% of Mozambique exports in 2024 – followed by China, South Africa and Singapore

Login

Register

http://www.clubofmozambique.com/

India buys 18% of Mozambique exports in 2024 – followed by China, South Africa and Singapore

12:56 CAT | 09 Jun 2025

File photo: Lusa

India bought more exports from Mozambique than any other country in 2024, worth $1.469 billion (€1.288 billion), equivalent to 18% of Mozambican exports, according to official data compiled by Lusa on Monday.

According to the 2024 balance of payments report from the Bank of Mozambique, overall, Mozambican exports fell by 0.8% compared to the previous year, to US$8.211 billion (€7.202 billion), while imports fell by 8.8%, to US$8.375 billion (€7.346 billion).

India remained the main destination for Mozambique’s exports, namely natural gas, coal, dried or whole leguminous vegetables and cashew nuts. However, China has been approaching the lead, with purchases from Mozambique in 2024 of US$1,349 million (€1,262 million) in natural gas, oilseeds and fruits, heavy sands and coal.

India and China are followed by South Africa, with imports natural gas, electricity, coal and bananas, amounting to US$1,210 million (€1,061 million), and then by Singapore, with a share of 9% of all exports made by Mozambique in 2024, namely aluminium bars, natural gas, tobacco and seeds, totalling US$715 million (€627 million).

Top importers of Mozambique

In the opposite direction, South Africa continues to be the country that sells the most to Mozambique, accounting for 25% of the total in 2024, reaching US$2,094 million (€1,836 million) last year, mainly electricity, cars, iron bars and cereal flour.

South Africa is followed by China, which purchased 17% of all imports made by Mozambique in 2024, worth US$1,360 million (€1,193 million), in tractors, cars, heavy machinery and pesticides, and then India, with US$569 million (€499 million) in fuel, rice, medicines, cars and railway wagons.

Source: Lusa