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Rice Imports Increase in Mozambique

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Rice Imports Increase in Mozambique

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The central bank highlights that, in general, the import bill for goods decreased by 2.5%, having settled at USD 2,020.1 million, according to its balance of payments report for the first three months of this year.

 Rice imports in Mozambique increased by 90.8% during the first quarter of the current year. The government has been implementing policies aimed at increasing the production of this cereal in the country, to reduce external dependence.

In the same period, there was also an increase in imports of vehicle accessories of 29.6% and of medicines and reagents of 5.1%, according to a report issued by the Bank of Mozambique.

The central bank highlights that, in general, the import bill for goods decreased by 2.5%, having settled at USD 2,020.1 million, according to its balance of payments report for the first three months of this year.

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The drop reflects the reduction in imports of goods by Major Projects (GP) and by other sectors, by USD 22.2 million and USD 29.6 million respectively. According to the central bank and from the point of view of categories, including Major Projects, the highlight is the import of intermediate goods, which recorded a reduction of 16.6% compared to the same period of 2023. Intermediate goods cost the country US$610.5 million, which represented 30.2% of total imports.