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According to the National Statistics Institute (INE), India was Mozambique’s main export destination in 2018 with exports worth US$1.369 million.
The remaining four major overseas markets for Mozambican products were, by order of importance, the Netherlands, with a market share of 17.38% and a value of US$871 million, South Africa with 12.24% (US$613 million), China with 4.78% (US$239 million) and Hong Kong with 4.59% (US$229 million), Macauhub declares.
As regards imports, South Africa is the largest source, with a share of 27.79% and a monetary value of US$1929 million, followed by China with 11.51% (US$799 million), the United Arab Emirates with 7.47% (US$518 million), the Netherlands with 7.46% (US$518 million) and India with 7.06% (US$490 million).
Globally, Mozambique has two major trading partners: South Africa, with trade worth US$2,543 million, and India, with US$1,859 million.
Mozambique, whose main export products are coal to India, aluminium to the Netherlands and electricity and gas to South Africa, recorded a trade deficit of US$1,931 million in the year under review, the result of exports amounting to US$5,012 million and imports worth US$6,944 million.
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