Africa-Press – Cape verde. According to the report on External Trade Statistics by the National Statistics Institute of Cape Verde – INE – for the month of February 2023, Cape Verde’s exports totaled PTE 475 thousand, corresponding to an increase of PTE 73 thousand (18.1% ), compared to the same month of 2022. Prepared and preserved products were the most exported products. On the other hand, fuel continues to be the product most imported by the country and Europe is the main supplier.
The report thus reveals that Europe continues to be Cape Verde’s main customer, absorbing 91.0% of total Cape Verdean exports, which totaled PTE 475 thousand, corresponding to an increase of PTE 73 thousand (18.1% ), compared to the same month of 2022.
The ranking of the country’s customers in the European economic zone is led by Spain, which accounted for 56.9% of exports in February 2023, having decreased by 21.6 percentage points (pp) compared to the same month of 2022.
Portugal ranks second in the structure of exports with 18.7%, increasing 6.8 percentage points. Italy is in third place with 14.9% and the United States is in fourth place with 8.0%.
the most exported
In the month of February 2023, the products most exported by Cape Verde were preparations and preserves, which lead the ranking with 65.0% (decreasing 20.2 pp), clothing occupies second place with 11.1% (increasing 6.2 pp), and footwear in third place with 7.6%, increasing 3.0 pp in relation to the same month of the previous year.
European mainland, Cape Verde’s main supplier
With regard to imports, the European continent continues to be Cape Verde’s main supplier, with a weight of 72.3% of the total amount, against 70.9% in February last year, followed by Asia/Oceania (16.0%), America (8.3%), Rest of the World (2.1%) and Africa (1.3%).
Portugal leads among Cape Verde’s suppliers, with 46.3% of total imports, (with an increase of 3.7 pp in relation to the same month of the previous year), followed by Spain (12.2%), Taiwan ( 7.2%), the Netherlands (3.7%) and China (3.6%);
Fuel – the most imported
The most imported products were fuels (15.2%, with an increase of 3.1 pp), reactors and boilers (6.7%), machines and engines (5.2%), plastics and articles thereof (4. 7%) and motor vehicles (4.4%).
The ten main imported products accounted for 53.3% of Cape Verde’s total imports, against 48.3% for these same products in the same month of the previous year.
Positive evolution of imports by major categories of goods
Also according to INE, with regard to imports by major categories of goods, in February 2023, all categories of the group evolved positively in relation to the same month of 2022: capital goods (32.6%), fuels (5.9%), intermediate goods (3.2%) and consumer goods (0.2%);
Consumer Goods continue to be the main economic category of goods imported by Cape Verde, with a weight of (43.7%), followed by Intermediate Goods, with (32.7%), Fuels, with a weight of (15 .2%) and Capital Goods with (8.4%) of total imports, compared to February 2022.
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