Tridge summary
The article reports a significant decrease in the export value of key products such as vanilla, cloves, cobalt, and nickel, despite an increase in export volume for some of these products. The value of vanilla exports fell by 63.5% due to an 81.3% price drop, and nickel exports decreased by 64% due to a decline in both volume and average price. Cobalt revenues also fell by 24%, and clove exports decreased by 9%. Import volumes also saw a slowdown, with a 15.5% decrease in most categories, except for energy imports which increased by 42.5%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
“This decline was observed mainly in the key sectors of vanilla, cloves, cobalt and free enterprise products,” the bank underlined, specifying that the value of vanilla exports plunged by 63.5%. , mainly due to the sharp price drop of 81.3%, although the export volume increased by 95%. Additionally, nickel exports slowed by 64% due to a decline in both exported volume and average price, by 38.4% and 41.6%. On the other hand, the bank also revealed that revenues from cobalt fell by 24%, the average price having decreased by 29.5% despite a 7.9% increase in the volume exported. As for clove exports, they decreased by 9%, notably due to the drop in volume of 8% and price of 1.2%, reported the financial ...
Source: Lobservateur
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