NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Product
Exports | Imports $163M | $1.82B190 of 226 |  168 of 226
2023
Per Capita Product
Exports | Imports $312 | $3.49k149 of 220 |  106 of 220

About

Overview In 2023 Cape Verde was the number 190 economy in the world in terms of total exports and the number 168 in total imports.

Exports The top exports of Cape Verde are Processed Fish ($56.1M), Refined Petroleum ($38.2M), Railway Cargo Containers ($12.8M), Molluscs ($8.62M), and Fish Fillets ($5.68M), exporting mostly to Spain ($74.7M), Portugal ($14.1M), Togo ($11.6M), Italy ($11.2M), and India ($10.2M).

Imports The top imports of Cape Verde are Refined Petroleum ($811M), Planes, Helicopters, and/or Spacecraft ($49.4M), Cars ($36.5M), Railway Cargo Containers ($36.1M), and Cement ($34.2M), importing mostly from Portugal ($536M), Saudi Arabia ($202M), Netherlands ($163M), Spain ($148M), and China ($121M).

Location Cape Verde borders Gambia, Mauritania, and Senegal by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Cape Verde.

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.

Subscribe today to OEC pro and access the latest data

Sign Up

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Processed Fish$56.1M
Top Destination (2023)Spain$74.7M

In 2023, Cape Verde exported a total of $163M, making it the number 190 exporter in the world. During the last five reported years the exports of Cape Verde have changed by $36.5M from $127M in 2018 to $163M in 2023.

The most recent exports are led by Processed Fish ($56.1M), Refined Petroleum ($38.2M), Railway Cargo Containers ($12.8M), Molluscs ($8.62M), and Fish Fillets ($5.68M). The most common destination for the exports of Cape Verde are Spain ($74.7M), Portugal ($14.1M), Togo ($11.6M), Italy ($11.2M), and India ($10.2M).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Spain$8.09M (+ 12.1%)
India$6.28M (+ 159%)
Ghana$3.5M (+ 11k%)
Fastest Growing Import Markets (2022 - 2023)
Saudi Arabia$202M (+ 171k%)
France$93.7M (+ 478%)
United States$47M (+ 194%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Cape Verde Exports Services (2020)$290M
Cape Verde Imports Services (2020)$213M

In 2020, Cape Verde exported $290M worth of services. The top services exported by Cape Verde in 2020 were Personal travel ($152M), Air transport ($42.2M), Government services, n.i.e. ($25.5M), Other business services ($24.9M), and Sea transport ($11M).

The top services imported by Cape Verde in 2020 were Other business services ($49.9M), Personal travel ($49.3M), Sea transport ($44.8M), Air transport ($20.1M), and Government services, n.i.e. ($13.8M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Most Specialized Products by RCA Index

Cape Verde has a high level of specialization in Processed Fish (411), Railway Cargo Containers (239), Other Floating Structures (149), Molluscs (100), and Fishing and Hunting Equipment (87.9). Specialization is measured using RCA, an index that takes the ratio between Cape Verde observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Cape Verde according to the relatedness index, were Non-fillet Fresh Fish (0.077), Processed Crustaceans (0.075), Dried/Salted/Smoked/Brined Fish (0.071), Passenger and Cargo Ships (0.066), and Cocoa Beans (0.066). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cape Verde 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 Cape Verde. These are products that tend to be co-exported with the products that Cape Verde exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms