Sao Tome and Principe’s trade deficit totals US$16.1 million in first quarter

5 June 2007

Sao Tome, Sao Tome and Principe, 5 June – Sao Tome and Principe has posted a trade deficit of US$16.1 million in the first quarter of the year, which is 26.2 percent more year on year according to the archipelago’s National Statistics Institute (INE).

The figures showed that from January to March the trade deficit totaled 210 billion dobras, or US$16.1 million.

In the same period, exports and imports rose 26.6 percent and 41.1 percent, respectively.

From January to March 2006, the trade deficit was US$12.8 million, resulting form imports of US$13.2 million and exports of US$402,000, according to Sao Tome’s INE.

In 2006, Sao Tome’s trade deficit totaled US$64.3 million, which was an increase of 71 percent against 2005. (macauhub)