Africa-Press – Cape verde. Cape Verde’s trade balance deficit fell by 15% in October, year-on-year, and the coverage rate of imports by exports decreased by 3.8 percentage points, to 2.8%, announced the National Statistics Institute (INE).The deficit is seven billion escudos (63.5 million euros), according to the October Foreign Trade Statistics bulletin.
The provisional data, released on Thursday and consulted today by Lusa, indicate a decrease in exports of 65.6% compared to the same month in 2022.
On the other hand, imports decreased by 18.3% in the same period.
In year-on-year terms, Portugal reinforced its role as the main supplier of imports from Cape Verde, rising from 41.4% to 44.9% in October this year.
Looking at economic zones, Europe is the region of origin for around three quarters (74%) of imports.
Fuels top the list of imported products, although their weight decreased from 20.6% to 19.5%.
Other products with less representation in the import basket recorded greater increases, such as motor vehicles and cement.
Regarding Cape Verdean exports, Portugal strengthened its position as the main destination country (47.9% of exported products), followed by Spain (25.3%) and Italy (23%).
Among Cape Verdean products sold abroad, clothing topped the October list (33.4%), followed by prepared foods and preserves (30%) and footwear (14.5%).
INE also indicated a decrease in re-exports (goods from foreign countries that enter and are exported, without any processing) by 10.3% compared to the month of October 2022.
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