The trade deficit in Sao Tome and Principe shrank to USD 26.4 million in the third quarter of 2019 from USD 30.2 million in the corresponding period of the previous year. Exports declined 53.8 percent to USD 1,063 million, amid lower shipments of cocoa (-57.9 percent); others (-52.3 percent); chocolate (-23.4 percent) and coconut oil (-98.1 percent). Imports fell 15.5 percent to USD 27,476 million, as purchases decreased for consumer goods (-17.3 percent); capital goods (-20.8 percent) and intermediate goods such as petroleum products (-9.1 percent), namely petrol (-7.5 percent). Balance of Trade in Sao Tome and Principe averaged -20.69 USD Million from 1999 until 2019, reaching an all time high of -1.55 USD Million in the second quarter of 1999 and a record low of -40.65 USD Million in the third quarter of 2014. source: Central Bank of Sao Tome and Principe
Balance of Trade in Sao Tome and Principe is expected to be -35.30 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Sao Tome and Principe to stand at -31.20 in 12 months time. In the long-term, the Sao Tome and Principe Balance of Trade is projected to trend around -32.30 USD Million in 2020, according to our econometric models.