Sao Tome and Principe Export Data

São Tomé and Príncipe Trade Overview & Market Analysis

Imports & Exports

• Top Trade Partners: The main trading partners include Portugal, the United States, and China, reflecting a diverse international trade landscape.

• Top 5 Imports: Petroleum products, vehicles, machinery, pharmaceuticals, and foodstuffs make up the bulk, contributing significantly to the country's import bill.

• Top 5 Exports: Cocoa, coffee, copra, fish, and timber are the leading exports, with cocoa alone accounting for a substantial portion of total exports.

• Trade Balance: São Tomé and Príncipe experiences a trade deficit, importing more than it exports, primarily due to the high cost of imported goods and services.

• Trade Policies: The country adheres to open trade policies, with an emphasis on reducing barriers and attracting foreign investment, although challenges in infrastructure and logistics remain.

Market Situation

• Consumer Expenditure: Consumer spending is recovering but remains constrained by economic challenges and high unemployment rates.

• Interest Rates & Inflation: Inflation has been a persistent concern, impacting purchasing power, while central bank policies are aimed at stabilizing the economy and controlling inflation.

• Supply Chain Dynamics: Supply chain disruptions, exacerbated by global events, have led to higher costs for imported goods and impacted local industries reliant on foreign inputs.

• Sectoral Performance: Agriculture, particularly cocoa and coffee, remains the backbone of the economy, with increasing efforts to diversify into tourism and fisheries. The service sector is growing, driven by improved telecommunications and banking services.

Overall Outlook

São Tomé and Príncipe faces numerous challenges in trade and market dynamics, but strategic investments in infrastructure, diversification of exports, and targeted economic policies could pave the way for sustainable growth and improved trade balances. The country's potential in tourism and agriculture holds promise for a brighter economic future.