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The trade balance between Portugal and Mozambique fell almost 28% last year to €247.6 million because of a 20% drop in exports and a 13% rise in imports.
Portugal’s investment and foreign trade agency (AICEP in the original Portuguese), said exports fell from €420.1 million in 2016 to €334 million in 2017, while imports went up from €76.5 million to €86.5 million in the same period.
Exports to Mozambique have been falling since 2015, when they reached a peak of more than €600 million, before falling to €420.1 million in 2016 and €334 million last year.Source: Lusa