(3 minutes read)
· The bilateral trade between Mozambique and Dubai reached US$600 million in 2020, registering a growth of 140% over the last five years
· The trade got a shot in arms by the entry of Dubai Chamber of Commerce, which opened offices in Mozambique
· The trade was a mere US$250 million, some years ago, which was boosted to US$600 million at present. Imports constituted 75% of the bilateral trade and exports the remainder.
The bilateral trade between Mozambique and Dubai reached US$600 million in 2020, registering a growth of 140% over the last five years. The trade got a shot in the arm by the entry of Dubai Chamber of Commerce, which opened offices in Mozambique. The trade was a mere US$250 million, some years ago, which was boosted to US$600 million at present. Imports constituted 75% of the bilateral trade and exports the remainder.
the United Arab Emirates can act as a gateway to Mozambique in promoting its international trade because of its logistics advantages to the Asian continent. Mozambique, in turn, has the advantage of its strategic position as an entry point for the Southern African Development Community (SADC), a market of around 300 million people. A string of ports are there in Mozambique such as Maputo, Beira and Nacala, which offer easy connection to other markets in the region.
Mozambique is also favored by its privileged position in the export of raw materials from countries of the region to Asia, including agricultural products, as well as the contribution of its tourism industry.
As a way to stimulate trade, the Dubai Chamber of Commerce in Mozambique is organising a private sector business mission to Dubai in the last fortnight of March. This is primarily to mobilise foreign direct investment and publicising the country’s economic potential.
