Projects funded by international partners are now exempt from VAT in Mozambique
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India has dethroned South Africa as the main destination for Mozambique’s exports, according to the new 2017 yearbook from the Mozambican National Institute of Statistics (INE), a publication which collates the country’s various statistics.
India is the destination of 34.3% of the total value of exports, worth US$1.6 billion, almost double the sales to South Africa, which was first in the 2016 yearbook but slipped to second in the 2017 list, with only 18.7% of total Mozambican exports last year.
Behind India in the exports ranking come The Netherlands (10%), Italy (5.7%), China (5.3%), United Kingdom (4.3%), Singapore %), Belgium (1.8%), Hong Kong (1.8%) and Spain (1.7%).
Portugal moved from 16th place in 2016 to the 18th, with only 0.46% of total exports.
In the top 10 of products exported by Mozambique, coal remains in first place, followed by aluminium bars and profiles, natural gas, tobacco, heavy sands, wood, sugar, banana and cashew nuts.
On the other side of the trade balance, South Africa remains the country Mozambique imports most from, with a value of US$1.6 billion, equivalent to about a third of the total.
The United Arab Emirates (9.5%), China (8.5%), The Netherlands (8.5$), India (7.8%), France (4.4 %), Portugal (4.2%), Thailand (2.3%), Japan (2.2%) and USA (1.9%) follow behind.
Portugal drops from fifth to seventh on the list, moving from 5.8% in 2016 to 4.2% in 2017.
Machinery heads the list of imported products, followed by diesel, cereals, electricity, automobiles, gasoline, medicines, cement, cooking oil and beer.Source: Lusa