According to the August 2024 statistical bulletin, consulted this Thursday (7) by Diário Económico, the BoM recorded a 12% increase in exports, which totalled 31.8 billion meticals (500 million dollars).
This growth contributed to a slight reduction in the country’s balance of payments deficit, in a context of moderate economic recovery.
The document indicates that the positive performance in exports was largely the result of stable international demand for basic products, especially in the mining and agricultural sectors.
With this boost, the country managed to reduce the trade deficit that still persists due to the high volume of imports of essential goods and fuels.
Also according to the bulletin, the balance of payments, which reflects all transactions between Mozambique and abroad, continues to present challenges due to dependence on imports.
However, the growth in exports and the increase in international reserves reinforce economic stability and the BoM’s ability to deal with possible exchange rate pressures.
Text: Felisberto Ruco
