The trade deficit in Sao Tome and Principe rose by 5.6 percent to USD 32.7 million in the first quarter of 2019 from USD 24.6 million in the same period of 2018. It was the widest trade shortfall since Q2 2017. Imports advanced 7.2 percent from a year ago to USD 34.3 million, mainly driven by purchases of consumption goods (15%), including food (12.2%); books, teaching materials (1501%); medicines (116.7%); and petroleum products (2.5%), namely gasoline (3.1%). In contrast, imports fell for capital goods (-6.5%). Major import partners were the EU (55.7%), of which Portugal (43.5%), Belgium (8.4%); and Angola (23.3%). Meantime, exports soared 71.5 percent to USD 1.6 million, powered by sales of cocoa (59%); chocolate (41.8%) and coconut (15.7%). Meanwhile, shipments declined for coffee (-43.9%). Main export partners were the EU (91 percent of total sales), mostly Belgium (50.5%), the Netherlands (24.4%), France (8.3%); and Angola (5.1%). Balance of Trade in Sao Tome and Principe averaged -20.50 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.

Balance of Trade in Sao Tome and Principe is expected to be -31.30 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 -33.10 in 12 months time. In the long-term, the Sao Tome and Principe Balance of Trade is projected to trend around -32.33 USD Million in 2020, according to our econometric models.

Sao Tome and Principe Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-24 02:50 PM Balance of Trade $-31.3M $-31.1M $ -30.5M
2018-11-19 09:40 AM Balance of Trade $-30.2M $-31.3M $ -30.6M
2019-02-07 04:25 PM Balance of Trade $-30.2M $-30.7M $-28M
2019-05-30 09:10 AM Balance of Trade $-32.7M $-27.9M $-31.5M
2019-08-23 02:50 PM Balance of Trade $-32.7M $-31.3M
2019-11-19 09:40 AM Balance of Trade $-31.7M

Sao Tome and Principe Trade Last Previous Highest Lowest Unit
Balance of Trade -32.70 -27.90 -1.55 -40.65 USD Million [+]
Current Account -62.67 -78.60 8.70 -103.94 USD Million [+]
Current Account to GDP -24.70 -31.70 -14.10 -43.00 percent [+]
Imports 34.35 34.32 42.28 3.23 USD Million [+]
Exports 1.62 6.43 6.43 0.10 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Sao Tome and Principe Balance of Trade

Sao Tome and Principe runs systemic trade deficits due its dependency on imports of food (22 percent of total imports), capital equipment (21 percent) and fuel (15 percent). The main export is cocoa (79 percent of total exports). Others include: pepper, coconut and chocolate. Main trading partner is Portugal (53.6 of total imports and 5.7 percent of total exports), followed by France, Spain and Netherlands. This page provides - Sao Tome and Principe Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sao Tome and Principe Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-32.70 -27.90 -1.55 -40.65 1999 - 2019 USD Million Quarterly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 15671.60 Apr/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19