Mozambique

Mozambique ranked No. 131 in total trade value through May with a total of $99.67 million. Exports totaled $60.71 million and Imports totaled $38.96 million, a surplus of $21.75 million.

U.S. trade with Mozambique rose to $92.93 million through May

Mozambique’s trade with the United States rose to $92.93 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.95 percent below its total trade during the same time period last year. U.S. exports to Mozambique decreased 12.26 percent while U.S. imports from Mozambique fell 13.94 percent. The U.S. surplus with Mozambique was $17.42 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Houston; No. 3 Port of New Orleans; No. 4 Port of Gulfport, Miss.; and No. 5 Los Angeles International Airport. During the same period the previous year, the top five were No. 1 Port of Houston; No. 2 John F. Kennedy International Airport; No. 3 Port of Gulfport, Miss.; No. 4 Los Angeles International Airport and No. 5 Port of Virginia. In the current time period, the top five accounted for 44.84 percent of Mozambique’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport fell 3.16 percent to $18.21 million.
    Exports rose 59.4 percent to $1.78 million. Imports fell 7.11 percent to $16.43 million.
  • Trade with No. 2 Port of Houston fell 68.17 percent to $9.53 million.
    Exports fell 72.3 percent to $8.14 million. Imports rose 152.15 percent to $1.39 million.
  • Trade with No. 3 Port of New Orleans rose 253.19 percent to $6.78 million.
    Exports rose 471.67 percent to $5.83 million. Imports rose 5.41 percent to $947,705.
  • Trade with No. 4 Port of Gulfport, Miss. fell 58.36 percent to $5.57 million.
    There were no exports. Imports fell 58.36 percent to $5.57 million.
  • Trade with No. 5 Los Angeles International Airport fell 53.46 percent to $4.6 million.
    Exports rose 249.85 percent to $301,512. Imports fell 56.13 percent to $4.3 million.

Mozambique ranked No. 131 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 133.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Mozambique by value through May were the categories of Petroleum products; Civilian aircraft, parts; Ship’s derricks, cranes, mobile lifting frames; Parts for heavy machinery; and Miscellaneous machines, parts, respectively. They accounted for 43.47 percent of total exports to Mozambique.

The value of the top five categories of U.S. imports from Mozambique –– Precious stones; Titanium Ores and Concentrates 2614; Coconuts, brazil nuts, cashew nuts; Graphite; and Beans, peas, dried or shelled –– accounted for 91.6 percent of all inbound shipments.

Looking more closely at U.S. exports to Mozambique:

  • Petroleum products fell 30.17 percent compared to last year to $16.85 million.
  • Civilian aircraft, parts fell 32.96 percent compared to last year to $3.16 million.
  • Ship’s derricks, cranes, mobile lifting frames totaled $2.45 million. The previous year, there were no exports in this category.
  • Parts for heavy machinery rose 309.59 percent compared to last year to $2.12 million.
  • Miscellaneous machines, parts rose 113.85 percent compared to last year to $1.81 million.

Looking more closely at U.S. imports from Mozambique:

  • Precious stones fell 23.28 percent compared to last year to $20.58 million.
  • Titanium Ores and Concentrates 2614 fell 54.21 percent compared to last year to $7.52 million.
  • Coconuts, brazil nuts, cashew nuts fell 32.4 percent compared to last year to $4.27 million.
  • Graphite rose 406.1 percent compared to last year to $2.39 million.
  • Beans, peas, dried or shelled totaled $937,664. The previous year, there were no imports in this category.

In the latest annual figures available, Mozambique recorded $332.38 million in trade with the United States. Total U.S. exports to Mozambique were $ 195.74 million and imports from Mozambique were $136.64 million. The U.S. surplus with Mozambique was $59.1 million.