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 .
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