Africa-Press – Cape verde. Provisional External Trade data for the Third Quarter of 2022, indicate a decrease in Exports of around 17.8% compared to the same period in 2021, translating into less 272 million escudos in exported products.
The INE report, released today, shows that in terms of Exports by Economic Zones, in terms of main customers and goods, Cape Verde’s exports totaled PTE 1,254 million in the third quarter of this year (July to September), corresponding to a decrease of around 272 million escudos ( -17.8%) compared to the same period in 2021.
Europe continues to be Cape Verde’s main customer, absorbing around 93.7% of total Cape Verdean exports, with Spain leading the ranking of the archipelago’s main customers in the European economic zone, representing 56.2% of total exports in the period under analysis. In second place comes Italy, with a weight of 20.6%, and Portugal in third, with 16.6% of total Cape Verdean exports absorbed.
Prepared and preserved fish – the most exported
In the third quarter of 2022, the most exported products by Cape Verde were Prepared and preserved fish, representing 70.5%, followed by the Clothing class, in second place, with 8.0% of the total, and the Fish class. , crustaceans and molluscs, in third in terms of exports, with 7.0%.
Portugal is the main supplier
With regard to Imports by Economic Zones, main suppliers and goods, INE data show that imports from Cape Verde increased by 31.2% in the third quarter of this year, compared to the same period last year.
The European continent continues to be Cape Verde’s main supplier, with 67.0% of the total amount, followed by Asia/Oceania with 20.6%, America 8.5%, Rest of the World 2.0% and Africa 1, 9%.
In terms of suppliers by country, Portugal leads with 42.7% of total national imports (but 3.9 pp lower than in the same period of the previous year), followed by the United Arab Emirates, Spain, China, the Netherlands and Belgium , with, respectively, 10.5%, 8.2%, 5.6%, 5.0% and 4.8% of total imports.
the most imported
The ten (10) main imported products reached 59.6% of the total amount of imports from Cape Verde (against the 55.0% reached by these same products in the same period of the previous year).
The most imported products were: Fuels, with a weight of 21.9%, iron and its articles, with a weight of 5.9%), machines and engines, with a weight of 5.0%), reactors and boilers, with a weight of 4.8% and automobiles, with a weight of 4.2%.
Regarding Imports by Major Categories of Goods in the third quarter of 2022, Consumer Goods (15.2%), Intermediate Goods (28.0%) and Fuels (124.3%), evolved positively in relation to to the same period of 2021.
Capital Goods (-1.8%) evolved negatively in relation to the same period last year.
According to INE, Consumer Goods continue to be the main economic category of goods imported by Cape Verde, with a weight of 42.3%, followed by Intermediate Goods with 28.2%, Fuels with 21.9%, and Capital with a weight of (7.6%) of total imports compared to the same period in 2021.
For More News And Analysis About Cape verde Follow Africa-Press
