Mozambique And Brazil Trade Surpasses $100 Million
The volume of trade between Mozambique and Brazil over the past twelve months has totaled $146 million, the local news agency reported on Tuesday.
This figure was the equivalent of real growth of $61.2 million or 72.16 percent according to the Mozambican news agency AIM.
Two-way trade was largely in Brazil’s favor, as in 2012 the Latin American country exported goods to Mozambique worth $122.3 million, including airplanes, frozen chicken, fresh meat, trailers, semi-trailers and tractors.
Mozambique sold goods to Brazil worth $24.1 million, including unprocessed tobacco, bitumen, zirconium, niobium, tantalum and vanadium ores and other manufactured products.
In 2012 Brazil did not import raw aluminum, which in 2011 accounted for over half of the country’s imports from Mozambique.
There were also no Brazilian imports of wooden statues and decorative objects, which are also usually imported from Mozambique by the country.
The agency reported that this imbalance in the two-way trade was likely to be reduced through exports of coal mined in Mozambique’s Tete province, particularly by Brazilian group Vale, which will mainly be sold to Brazil, India, Japan and South Africa.
Source African Press Agency
African News from NetNewsPublisher.com
Category: Africa
