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Cape Verde’s trade balance deficit worsens again in April

The Cape Verdean trade balance was negative by almost €67 million in April, a further worsening of 1.9% compared to the same month of 2022, according to data released today by the National Statistics Institute (INE).

This result was aggravated by the increase in imports, which grew 3% in April, in homologous terms, to €72 million.

Exports increased 20.2% in the same month, to €5.3 million, while re-exports fell 23.4% to €16.7 million.

With this performance, Cape Verde's trade balance was again negative in April - as in all previous months - at €66.7 . . .

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