Figures from the Economic and Social Plan and State Budget show that in the first half of 2024 Mozambique collected a total of 240.1 billion meticals (3.8 billion dollars) from export revenues, representing an increase of 3.2 per cent compared to the same period in 2023, when they reached 233.8 billion meticals (3.7 billion dollars).
According to the newspaper Notícias, this increase was mainly influenced by major projects, which continue to be the state’s biggest sources of revenue.
According to the document, which refers to the third quarter of 2024 and assesses the government’s performance from January to September and the degree of implementation of the government’s Five-Year Plan (PQG 2020-24), the extractive industry exported 2.2 billion dollars, equivalent to 57.2 per cent of the total, representing a growth of 3.2 per cent compared to the same period last year.
Mineral coal is the most exported product in this sector, totalling one billion dollars (although it fell by 1.8%), followed by natural gas, with a contribution of 33.1%.
Manufacturing and agro-industry
Agriculture exported 217 million dollars, representing 5.7 per cent of total exports and an increase of 19.8 per cent. Tobacco was the main agricultural product exported, followed by pulses and vegetables. Cashew nuts and cotton fell by 28.0 per cent and 70.7 per cent respectively.
On the other hand, the manufacturing industry accounted for 608 million dollars in exports, representing 15.8 per cent, despite the 12.2 per cent drop. Aluminium was the main product, followed by sugar, with an increase of 36.4%.
