Mozambique Mining: Mineral coal led exports at the end of the third quarter of 2018

Mozambican exports reached about US $ 1.2 billion between July and September this year, with Moatize coal in the foreground, with a weight of 33.9 per cent, followed by aluminum, electricity and tobacco.

Meanwhile, the country’s imports stood at US $ 1.6 billion in the third quarter of 2018, resulting in a trade deficit of about US $ 366.1 million, according to the National Statistics Institute.

Compared to the same quarter last year, both exports and imports increased by 1.6 per cent and 26.1 per cent, respectively.

It should be noted that with the pressure on the international market, coupled with the expectations of price increases for most raw materials, Mozambique may see the current account deficit worsen, reduce international reserves and create inflationary pressures, since the country remains dependent on imports.

Source: O País