On 25 June, 2024, Mozambique celebrates 49 years of independence. During this period, the country has experienced significant changes, particularly in the industrial sector, which is crucial for economic development. Industry’s share of Gross Domestic Product (GDP) has fallen by 7% since independence. This situation resulted in major challenges and transformed Mozambique into a market for imported finished products. The loss of key industries, such as food, footwear and rubber, has exacerbated this situation.
In 2023, Mozambique’s exports were dominated by large projects in the extractive sector (coal, gas, rubies and heavy sands), accounting for 57% of exports, and by the manufacturing industry (aluminum bars), with 16%. Imports were led by intermediate goods (33%), including fuels (10%) and construction materials (8%). Consumer goods such as rice, wheat, cars and medicines accounted for 24% of imports. The coverage rate of exports over imports, excluding major projects, was only 26%.
