China sells goods worth US$7.9 million to São Tomé and Príncipe in first nine months

Exports from China to São Tomé and Príncipe totalled US$7.9 million from January to September this year, a source from the National Statistics Institute (INE) told Macauhub in São Tomé on Tuesday.

The same source said that imports of products from China accounted for 7.0% of São Tomé and Príncipe’s purchases abroad, which in the first three quarters of the year amounted to US$112.8 million.

The provisional data provided by INE showed that China sold to São Tomé and Príncipe about 3,189 tonnes of miscellaneous products of a total value in dobras (the São Tomé and Príncipe currency) equivalent to about US$7.9 million between January and September 2018.

São Tomé and Príncipe imported from China products such as vegetables (about US$95,000), tomato paste and similar products (about US$61,000), chemicals (US$46,000), jams and fruits (US$45,000), among others.

Economic operators in São Tomé and Príncipe admit that China’s exports to the São Tomé market are expected to increase significantly this year due to the Chinese donation of US$146 million under the general cooperation agreement signed in April 2017 between the two countries.

São Tomé and Príncipe joined Forum Macau at the end of March 2017 after the two countries re-established diplomatic relations after the archipelago’s government recognised the People’s Republic of China rather than Taiwan. (macauhub)