Country Economic Memorandum for Sao Tome and Principe - Background Note 3: Where has Trade Growth Come from in Sao Tome and Principe
This note examines the competitiveness of the export sector in Sao Tome and Principe. It relies on the framework developed by Reis and Farole (2012) and examines the export competitiveness along four complementary dimensions: export growth and market shares, diversification in terms of product and d...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Washington, D.C
The World Bank
2019
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| Schriftenreihe: | World Bank E-Library Archive
|
| Links: | https://doi.org/10.1596/32138 |
| Zusammenfassung: | This note examines the competitiveness of the export sector in Sao Tome and Principe. It relies on the framework developed by Reis and Farole (2012) and examines the export competitiveness along four complementary dimensions: export growth and market shares, diversification in terms of product and destinations, quality of exports, and the survival or persistence of export flows. It uses export product level data for the period 2000-2017, as available, from international trade databases that help in benchmarking the performance of Sao Tome and Principe with that of peer countries. Peer countries include, as data is available, Belize, Cabo Verde, Comoros, Dominica, Fiji, Mauritius, Maldives, Seychelles, St. Lucia and Vanuatu. While this note focuses on export outcomes, it also provides a brief picture on imports into Sao Tome and Principe. The main findings of this note are as follows: Trade remains important for Sao Tome and Principe, especially imports to satisfy local demand. Total exports have been increasing, both for goods and services. Goods exports, however, remain highly concentrated in cocoa exports to the EU market. Export trends for goods have tended to sustain this dependence, with very little expansion in the extensive margin, and thus with limited diversification of goods exports. This is despite relative comparative advantages in other agricultural products, such as coconuts, dried fruits, and seafood and preferential duty-free and quota-free access into the EU and other developed countries' markets. Meanwhile, exports of services have increased rapidly, led by travel services. Sao Tome and Principe exports more services than goods and it has become a net exporter of services. Creating strong (backward) linkages between the tourist industry and the rest of the economy could sustain growth in other industries that, in turn, can support export diversification |
| Umfang: | 1 Online-Ressource |
| DOI: | 10.1596/32138 |
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| 520 | |a This note examines the competitiveness of the export sector in Sao Tome and Principe. It relies on the framework developed by Reis and Farole (2012) and examines the export competitiveness along four complementary dimensions: export growth and market shares, diversification in terms of product and destinations, quality of exports, and the survival or persistence of export flows. It uses export product level data for the period 2000-2017, as available, from international trade databases that help in benchmarking the performance of Sao Tome and Principe with that of peer countries. Peer countries include, as data is available, Belize, Cabo Verde, Comoros, Dominica, Fiji, Mauritius, Maldives, Seychelles, St. Lucia and Vanuatu. While this note focuses on export outcomes, it also provides a brief picture on imports into Sao Tome and Principe. The main findings of this note are as follows: Trade remains important for Sao Tome and Principe, especially imports to satisfy local demand. Total exports have been increasing, both for goods and services. Goods exports, however, remain highly concentrated in cocoa exports to the EU market. Export trends for goods have tended to sustain this dependence, with very little expansion in the extensive margin, and thus with limited diversification of goods exports. This is despite relative comparative advantages in other agricultural products, such as coconuts, dried fruits, and seafood and preferential duty-free and quota-free access into the EU and other developed countries' markets. Meanwhile, exports of services have increased rapidly, led by travel services. Sao Tome and Principe exports more services than goods and it has become a net exporter of services. Creating strong (backward) linkages between the tourist industry and the rest of the economy could sustain growth in other industries that, in turn, can support export diversification | ||
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Goods exports, however, remain highly concentrated in cocoa exports to the EU market. Export trends for goods have tended to sustain this dependence, with very little expansion in the extensive margin, and thus with limited diversification of goods exports. This is despite relative comparative advantages in other agricultural products, such as coconuts, dried fruits, and seafood and preferential duty-free and quota-free access into the EU and other developed countries' markets. Meanwhile, exports of services have increased rapidly, led by travel services. Sao Tome and Principe exports more services than goods and it has become a net exporter of services. 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| spellingShingle | Signoret, Jose E. Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe |
| title | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe |
| title_auth | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe |
| title_exact_search | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe |
| title_full | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe Jose E Signoret |
| title_fullStr | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe Jose E Signoret |
| title_full_unstemmed | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 Where has Trade Growth Come from in Sao Tome and Principe Jose E Signoret |
| title_short | Country Economic Memorandum for Sao Tome and Principe - Background Note 3 |
| title_sort | country economic memorandum for sao tome and principe background note 3 where has trade growth come from in sao tome and principe |
| title_sub | Where has Trade Growth Come from in Sao Tome and Principe |
| url | https://doi.org/10.1596/32138 |
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