Flag Belgium / Cape Verde Flag

2019
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Exports
: $39M, Rnk 131 / 219

2019
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Top Product
: $12.8M, Refined Petroleum

2019
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Exports
: $213k, Rnk 16 / 88

2019
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Top Product
: $112k, Umbrellas

2019
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Economic Complexity (ECI)
: ECI 1.39, Rnk 18 / 157

2019
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GDP
: $533B, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 161 / 187

2019
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 GDP
: $1.98B, CURRENT US$
Rnk 167 / 187

2009-2019
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GDP GROWTH
: 15.8%, CURRENT US$
Rnk 155 / 187

2019
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GDP PC 
: $46,421, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP PC GROWTH
: 4.12%, CURRENT US$
Rnk 147 / 187

2019
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GDP PC 
: $3,604, CURRENT US$
Rnk 123 / 187

2009-2019
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GDP PC GROWTH
: 2.46%, CURRENT US$
Rnk 152 / 187

Belgium-Cape Verde: In 2019, Belgium exported $39M to Cape Verde. The main products that Belgium exported to Cape Verde are Refined Petroleum ($12.8M), Concentrated Milk ($6.96M), and Medical Instruments ($3.21M). During the last 20 years the exports of Belgium to Cape Verde have increased at an annualized rate of 7.68%, from $8.87M in 1999 to $39M in 2019.

In 2019, Belgium did not exported services to Cape Verde.

Cape Verde-Belgium: In 2019, Cape Verde exported $213k to Belgium . The main products that Cape Verde exported to Belgium were Umbrellas ($112k), Locust beans, seaweed, sugar beet, cane, for food ($101k), and Trunks and Cases ($451). During the last 20 years the exports of Cape Verde to Belgium have increased at an annualized rate of 7.75%, from $47.9k in 1999 to $213k in 2019.

In 2019, Cape Verde did not exported services to Belgium.

Comparison: In 2019,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.39),  and 12 in total exports ($411B). That same year, Cape Verde ranked 191 in total exports ($95.5M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, Belgium exported $39M to Cape Verde. The main products exported from Belgium to Cape Verde were Refined Petroleum ($12.8M), Concentrated Milk ($6.96M), and Medical Instruments ($3.21M). During the last 20 years the exports of Belgium to Cape Verde have increased at an annualized rate of 7.68%, from $8.87M in 1999 to $39M in 2019.

In 2019, Cape Verde exported $213k to Belgium. The main products exported from Cape Verde to Belgium were Umbrellas ($112k), Locust beans, seaweed, sugar beet, cane, for food ($101k), and Trunks and Cases ($451). During the last 20 years the exports of Cape Verde to Belgium have increased at an annualized rate of 7.75%, from $47.9k in 1999 to $213k in 2019.

Date

Market Competitiveness

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Measure

Belgium
Top Destination
: Germany, $68.9B

Cape Verde
Top Destination
: Spain, $62.4M

This map shows whether countries import more from Belgium or Cape Verde. Each country is colored based on the difference in imports they receive from Belgium and Cape Verde or the difference in the growth in imports.

In 2019, countries that imported more from Belgium than Cape Verde were Germany ($68.9B), France ($55.6B), and Netherlands ($53.1B).

In 2019, no countries were registered that imported more from Cape Verde than from Belgium.

Comparative Advantage Belgium - Cape Verde

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Depth

This chart compares trade between Belgium and Cape Verde by product, considering products traded by both, Belgium and Cape Verde.

During 2019, Belgium had a large net trade with Cape Verde in the exports of Mineral Products ($12.8M), Animal Products ($7.7M), and Machines ($3.74M).

During 2019, Cape Verde had a large net trade with Belgium in the exports of Footwear and Headwear ($112k), Vegetable Products ($101k), and Animal Hides ($451).

Tariff Section

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This section shows import tariffs for products traded between Belgium and Cape Verde (using the HS6 product classification and the last year reported).

In 2017, the products from Belgium that paid the highest import tariffs to enter Cape Verde were Sugar beet (178%) and Whey (173%).

In 2015, the products from Cape Verde that paid the highest import tariffs to enter Belgium were Cocoa powder, sweetened (50%) and Chocolate and other food preps containing cocoa > 2 k (50%).

Explore Tariff Data

*The tariffs present between Belgium and Cape Verde are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Cape Verde. Similarly, the more red a dot/product is, the more Cape Verde has comparative advantage over Belgium.