{"id":21425,"date":"2023-11-30T11:30:16","date_gmt":"2023-11-30T11:30:16","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/cape-verde-records-a-65-6-decrease-in-exports-in-october-2023"},"modified":"2023-11-30T13:35:13","modified_gmt":"2023-11-30T13:35:13","slug":"cape-verde-records-a-65-6-decrease-in-exports-in-october-2023","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/cape-verde-records-a-65-6-decrease-in-exports-in-october-2023","title":{"rendered":"Cape Verde records a 65.6% decrease in exports in October 2023"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Cape verde. <\/strong><\/span>Provisional Foreign Trade data for the month of October indicated a decrease in exports by 65.6 percent (%) compared to October 2022, as well as a decrease in imports by 18.3%, compared to the same period last year.<\/p>\n<p>According to the National Institute of Statistics (INE), a 10.3% decrease in re-exports was also noted in the same period under analysis, with the trade balance deficit also decreasing by around 15.0% and the coverage rate recorded a decrease of 3.8 percentage points (pp).<\/p>\n<p>By Economic Zones, main customers and goods, statistics revealed that in October this year Cape Verde&#8217;s exports totaled 201 thousand contos, corresponding to a decrease of 384 thousand contos (-65.6%), compared to the same month last year.<\/p>\n<p>Europe, he reported, continued to be Cape Verde&#8217;s main customer, absorbing 97.9% of total Cape Verdean exports, with Portugal leading the ranking of Cape Verde&#8217;s main customers in the European economic zone, representing 47.9% in the in that month, that is, an increase of 29.0 pp compared to the same month.<\/p>\n<p>In the period under analysis, the most exported products by Cape Verde were clothing, which led the ranking with 33.4% (increasing 22.5 pp), preparations and preserves occupied second place, with 30.0% (decreasing 31. 8 pp), and footwear, in third place, with 14.5%.<\/p>\n<p>By Economic Zones, main suppliers and goods, Cape Verde totaled 7,225 thousand contos of imports, which corresponds to a decrease of 1,621 thousand contos (-18.3%), compared to the same month of the previous year.<\/p>\n<p>The European continent also proved to be Cape Verde&#8217;s main supplier, with a weight of 72.3% of the total amount (compared to 74.0% in October last year), followed by Asia\/Oceania (17 .0%), America (6.6%), Africa (2.1%) and the Rest of the World (2.1%).<\/p>\n<p>\u201cPortugal leads among Cape Verde&#8217;s suppliers, with 44.9% of total imports (with an increase of 3.5 pp compared to the same month of the previous year)\u201d, pointed out INE.<\/p>\n<p>The ten main imported products reached 54.5% of Cape Verde&#8217;s total imports compared to the 51.8% achieved by these same products in the same month.<\/p>\n<p>\u201cThe most imported products were fuels (19.5%), motor vehicles (6.3%), reactors and boilers (5.9%), machines and engines (4.3%), and cement (4.2%). %)\u201d, indicated the same source.<\/p>\n<p>Furthermore, according to INE, in relation to Imports by Major Categories of Goods, they all evolved negatively in relation to October last year.<\/p>\n<p>\u201cConsumer goods represented -20.3%, intermediate goods -11.8%, capital goods -17.8%, and fuels -22.6%\u201d, he explained.<\/p>\n<p>Consumer goods, with a weight of 43.6%, continued to be the main economic category of goods imported by Cape Verde, followed by Intermediate Goods (28.7%), Fuels (19.5%) and Goods of Capital (8.2%).<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/cape-verde\">Cape verde<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Cape verde. Provisional Foreign Trade data for the month of October indicated a decrease in exports by 65.6 percent (%) compared to October 2022, as well as a decrease in imports by 18.3%, compared to the same period last year. According to the National Institute of Statistics (INE), a 10.3% decrease in re-exports [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":21424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,331,328],"class_list":["post-21425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cape Verde records a 65.6% decrease in exports in October 2023 - Cape Verde<\/title>\n<meta name=\"description\" content=\"Provisional Foreign Trade data for the month of October indicated a decrease in exports by 65.6 percent (%) compared to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/cape-verde-records-a-65-6-decrease-in-exports-in-october-2023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cape Verde records a 65.6% decrease in exports in October 2023 - 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