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2023
Product
Exports | Imports $57.1M | $185M202 of 226 |  205 of 226
2023
Per Capita Product
Exports | Imports $247 | $801153 of 220 |  165 of 220

About

Overview In 2023 Sao Tome and Principe was the number 202 economy in the world in terms of total exports and the number 205 in total imports.

Exports The top exports of Sao Tome and Principe are Crude Petroleum ($30.8M), Cocoa Beans ($8.73M), Motor vehicles; parts and accessories (8701 to 8705) ($4.7M), Palm Oil ($3.89M), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.93M), exporting mostly to Pakistan ($30.8M), Germany ($6.2M), Netherlands ($3.76M), France ($3.11M), and United Arab Emirates ($1.95M).

Imports The top imports of Sao Tome and Principe are Passenger and Cargo Ships ($17.6M), Refined Petroleum ($15.7M), Rice ($15M), Electric Generating Sets ($5.89M), and Cars ($5.52M), importing mostly from Portugal ($64.4M), Angola ($24.8M), Gabon ($19.6M), Japan ($14.5M), and China ($10.6M).

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Sao Tome and Principe.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Crude Petroleum$30.8M
Top Destination (2023)Pakistan$30.8M

In 2023, Sao Tome and Principe exported a total of $57.1M, making it the number 202 exporter in the world. During the last five reported years the exports of Sao Tome and Principe have changed by $33M from $24.2M in 2018 to $57.1M in 2023.

The most recent exports are led by Crude Petroleum ($30.8M), Cocoa Beans ($8.73M), Motor vehicles; parts and accessories (8701 to 8705) ($4.7M), Palm Oil ($3.89M), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.93M). The most common destination for the exports of Sao Tome and Principe are Pakistan ($30.8M), Germany ($6.2M), Netherlands ($3.76M), France ($3.11M), and United Arab Emirates ($1.95M).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Germany$5.36M (+ 635%)
United Arab Emirates$1.9M (+ 3.87k%)
Guyana$1.36M (+ 480k%)
Fastest Growing Import Markets (2022 - 2023)
Japan$12.3M (+ 558%)
Gabon$4.85M (+ 32.8%)
Turkey$4.55M (+ 79.8%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

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).

Service Exports (2016)

Service Imports (2016)

Economic Complexity

Most Specialized Products by RCA Index

Sao Tome and Principe has a high level of specialization in Cocoa Beans (348), Other Iron Bars (182), Vanilla (35.8), Palm Oil (32), and Pepper (17.2). 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

The highest complexity exports of Sao Tome and Principe according to the product complexity index (PCI) are Measuring or checking instruments, appliances and machines, n.e.c. or included in this... (1.51), Instruments, apparatus for measuring, checking electrical quantities not meters of heading no.... (1.48), Ball or roller bearings (1.31), Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus for liquids... (1.07), and Motor vehicles; parts and accessories, of heading no. 8701 to 8705 (0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Sao Tome and Principe according to the relatedness index, were Cocoa Shells (0.059), Gold (0.052), Petroleum Gas (0.05), Hard Liquor (0.05), and Scrap Aluminium (0.05). 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.

Product Space

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 a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Sao Tome And Principe. These are products that tend to be co-exported with the products that Sao Tome And Principe exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is 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 greenhouse emissions.

Diversification Frontier

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