Cape Verde's trade deficit shrinks by 11.6% in May

INSUBCONTINENT EXCLUSIVE:
Cape Verde's trade balance deficit showed a decline of 11.6% year-on-year in May, reaching 67.5 million euros, as reported by the National
Statistics Institute (INE).The monthly statistical report on Foreign Trade from INE reveals that this improvement was driven by a 10.5%
decrease in imports compared to May 2022, totaling 7,883 million escudos (71.3 million euros).Re-exports also experienced a decline of 31.9%
to 1,873 million escudos (16.9 million euros), while exports saw a positive growth of 14.9% to 426 million escudos (3.8 million euros
.To read the full NEWS and much more, Subscribe to our Premium Membership Plan