Flag Sao Tome and Principe

Product Exports (2018): $23.2M, Rank 205 of 222

Exports Per Capita (2018): $110, Rank 37 of 219

Product Imports (2018): $161M, Rank 200 of 221

Imports Per Capita (2018): $761, Rank 15 of 219

Service Exports (2016): $87.6M, Rank 143 of 152

Service Imports (2016): $59.3M, Rank 152 of 152

GDP (2018): $422M, CURRENT US$
Rank 190 of 196

GDP growth (2008 - 2018): 125%, CURRENT US$
Rank 21 of 196

GDP PC (2018): $2,001, CURRENT US$
Rank 153 of 196

GDP PC GROWTH (2008 - 2018): 82.1%, CURRENT US$
Rank 22 of 196

Overview: In 2018 Sao Tome and Principe was the number 190 economy in the world in terms of GDP (current US$), the number 205 in total exports, and the number 200 in total imports. In 2018, Sao Tome and Principe exported $23.2M and imported $161M, resulting in a negative trade balance of -$137M. In 2018, Sao Tome and Principe's exports per capita were $110 and its imports per capita were $761.

Trade: The top exports of Sao Tome and Principe are Cocoa Beans ($12M), Gas Turbines ($2.95M), Aircraft Parts ($992k), Opto-Electric Instrument Parts ($720k), and Cars ($644k). The top imports of Sao Tome and Principe are Refined Petroleum ($29.1M), Cars ($4.29M), Rice ($4.04M), Wine ($3.93M), and Flavored Water ($3.9M).

Destinations: Sao Tome and Principe exports mostly to Netherlands ($4.62M), Poland ($3.16M), Singapore ($3.01M), Portugal ($2.91M), and Belgium-Luxembourg ($2.52M), and imports mostly from Portugal ($79.8M), Angola ($32.6M), China ($10.6M), United States ($3.2M), and Malaysia ($3.11M).

Location: Sao Tome and Principe borders Benin, Cameroon, Chad, and Niger by land and Equatorial Guinea, Gabon, and Nigeria by sea.

Product Exports

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Top Export (2018): Cocoa Beans, $12M

Top Destination (2018): Netherlands, $4.62M

In 2018 Sao Tome and Principe exported a total of $23.2M, making it the number 205 exporter in the world. During the last five reported years the exports of Sao Tome and Principe have changed by $11.8M from $11.4M in 2013 to $23.2M in 2018.

The most recent exports are led by Cocoa Beans ($12M), Gas Turbines ($2.95M), Aircraft Parts ($992k), Opto-Electric Instrument Parts ($720k), and Cars ($644k). The most common destination for the exports of Sao Tome and Principe are Netherlands ($4.62M), Poland ($3.16M), Singapore ($3.01M), Portugal ($2.91M), and Belgium-Luxembourg ($2.52M).

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Product Imports

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Top Import (2018): Refined Petroleum, $29.1M

Top Origin (2018): Portugal, $79.8M

In 2018 Sao Tome and Principe imported $161M, making it the number 200 trade destination in the world. During the last five reported years the imports of Sao Tome and Principe changed by -$6.47M from $167M in 2013 to $161M in 2018.

The most recent imports of Sao Tome and Principe are led by Refined Petroleum ($29.1M), Cars ($4.29M), Rice ($4.04M), Wine ($3.93M), and Flavored Water ($3.9M). The most common import partners for Sao Tome and Principe are Portugal ($79.8M), Angola ($32.6M), China ($10.6M), United States ($3.2M), and Malaysia ($3.11M).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Sao Tome and Principe Exports Services (2016): $87.6M

Sao Tome and Principe Imports Services (2016): $59.3M

In 2016, Sao Tome and Principe exported $87.6M worth of services. The top services exported by Sao Tome and Principe in 2016 were Personal travel ($61.6M), Miscellaneous business, professional, and technical services ($9.46M), Business travel ($7.27M), Government services, n.i.e. ($4.86M), and Construction in the compiling economy ($1.64M).

The top services imported by Sao Tome and Principe in 2016 were Sea transport ($20.4M), Personal travel ($14.6M), Miscellaneous business, professional, and technical services ($5.34M), Government services, n.i.e. ($5.28M), and Air transport ($4.79M).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Sao Tome and Principe. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Most Specialized Products by RCA Index

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Sao Tome and Principe has a high level of specialization in Cocoa Beans (1.04k), Opto-Electric Instrument Parts (199), Collector's Items (126), Pepper (63.7), and Decals (44.7). Specialization is measured using RCA, an index that takes the ratio between Sao Tome and Principe observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Sao Tome and Principe according to the product complexity index (PCI) are Equipment for physical and chemical analysis (1.87), Gaskets and similar joints of metal sheet (1.86), Electric solder, weld, braze,hot metal spray equipment (1.83), Screws, bolts, nuts, rivets, washers, etc, iron, steel (1.64), and Auxiliary machinery and parts for textile machinery (1.45). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Sao Tome and Principe according to the relatedness index, are Industrial Fatty Acids, Oils and Alcohols (0.065), Scrap Lead (0.065), Gold (0.065), Revenue Stamps (0.065), and Antiques (0.064). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Sao Tome and Principe is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.