This article covers trade and investment between India and Mozambique: bilateral trade figures, the main goods each country exports to the other, Indian companies and investment in Mozambique, and the visits, forums and working groups that deal with commerce, energy and minerals. It is based on the Ministry of External Affairs (MEA) bilateral brief of March 2026, and figures are given as the brief states them.

The brief states that trade links between Mozambique and the western states of India go back several centuries and pre-date the colonial era.

Commercial relations

According to the MEA brief of March 2026, bilateral commercial relations between India and Mozambique have steadily enhanced in recent years. The brief states that the presence of Indian companies in Mozambique has increased to now number over 100, and that India has substantial business presence and investments in Mozambique.

The brief attributes the expansion of economic relations mainly to the greater involvement of Indian companies that have invested heavily in the natural gas and coal sectors.

Bilateral trade figures

The brief gives the following figures in million USD, citing DGCIS as the source:

  • 2020-21: Indian exports 1231, Mozambican exports 631, total trade 1862
  • 2021-22: Indian exports 1975, Mozambican exports 1879, total trade 3854
  • 2022-23: Indian exports 2506, Mozambican exports 2521, total trade 5027
  • 2023-24: Indian exports 1996, Mozambican exports 2419, total trade 4415
  • 2024-25: Indian exports 1323, Mozambican exports 2097, total trade 3420

Main items traded

The brief names refined petroleum products, pharmaceuticals and machinery among the most important exports from India. Coking coal, cashew and raw agri products are the leading Mozambican exports to India.

Energy and minerals

Shri Hardeep S. Puri, Minister for Petroleum and Natural Gas and for Housing and Urban Affairs, visited Mozambique from 28-31 October 2023. He called on the President of Mozambique and held talks with the Minister for Mineral Resources & Energy and the Minister of Economy & Finance. He also met the Governor of Cabo Delgado and visited the site of the LNG plant in Cabo Delgado.

The two countries have a Joint Working Group (JWG) on Mines and Mineral Resources. Its fifth meeting was held in virtual format on 8 October 2025.

Business forums and trade visits

During his visit to India in January 2024, President Filipe Nyusi addressed the Mozambique India Business Forum and invited Indian investors to invest in Mozambique.

Other visits on the trade side recorded in the brief include:

  • India's Minister of Commerce & Industry visited Mozambique in September 2012 and September 2013.
  • Mozambique's Minister of Trade & Industry visited India in March 2019.
  • Mozambique's Secretary of State for Trade attended the CII Partnership Summit in Visakhapatnam in November 2025.

During his visit to Maputo in January 2025, Secretary (Economic Relations) Shri Dammu Ravi met the Chairman of the Board of Directors of Mozambican Railways and Ports.

Small and medium enterprises

A JWG on MSMEs also exists between the two countries. Its second meeting was held in New Delhi on 8 July 2019.

The Indian business community

The brief states that the Indian diaspora in Mozambique is mostly engaged in wholesale and retail trade, where, in the brief's words, "it has made a strong and dominant mark". It describes the community as well integrated into the local economy and society and as contributing to the creation of wealth and employment in Mozambique.

As of the brief, there are also around 3000 Indian nationals in the country, engaged in various Indian companies or working as professionals in Mozambican companies.