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Cape Verde’s trade balance deficit worsens again in March

According to the statistical report of Foreign Trade of the Cape Verdean INE, this result was aggravated by the increase in imports, which grew 20.2% in March, year-on-year, to €84.9 million.

Exports grew 58.9% in the same month to €5.9 million, while re-exports increased 12.1% to €30.7 million.

With this performance, Cape Verde's trade balance was again negative in March - as in all previous months - at €79 million, against the deficit of €66.9 million in the same month of 2022

Cape Verde imports about 80% of the food it . . .

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