São Tomé and Príncipe's trade balance depends on price levels for cocoa, which accounts for about 90% of export earnings. Copra is also exported. The value of imports was four times that of exports in 1997. The leading imports are machinery and electrical equipment, food, and petroleum products.
Principal trading partners in 1998 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
Netherlands | 2 | n.a. | n.a. |
United States | 1 | 10 | -9 |
Belgium | 1 | 2 | -1 |
Germany | 1 | 3 | -2 |
Portugal | 1 | 21 | -20 |
Spain | 1 | 1 | 0 |
United Kingdom | n.a. | 3 | n.a. |
South Africa | n.a. | 3 | n.a. |
Poland | n.a. | 2 | n.a. |
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