Cape Verde’s exports rise 59.3 pct in 1st half

2 August 2010

Praia, Cape Verde, 2 Aug – cape Verde’s exports and imports rose 59.3 percent and 8.3 percent, respectively year on year, in the first half of this year, according to official figures.

Portugal and Spain were the main destinations for Cape Verde’s exports.

According to the Bank of Cape Verde Portugal mainly imported manufactured products (clothing and footwear), whilst Spain essentially imported traditional products (fish).

In terms of imports of goods into Cape Verde, the Euro Zone countries were the main trading partners, notably Portugal, the Netherlands and Spain.

Trade with ECOWAS (Economic Community of West African States) countries continued to have little significance in Cape Verde’s foreign trade figures.

In the second quarter of the year imports from ECOWAS countries accounted for 1.8 percent of total imported goods and just 0.9 percent of total exports.

In the period, most of cape Verde’s trade relations with EOWAS countries were with Benin, Senegal and Ghana, in terms of imports, and with Guinea Bissau in terms of exports. (macauhub)