Flag Belgium-Luxembourg / Cape Verde Flag

Exports FlagFlag  (2018): $44.8M, Rnk 127 / 213

Top Product FlagFlag (2018): $18.3M, Refined Petroleum

Exports FlagFlag (2018): $41.2k, Rnk 36 / 76

Top Product FlagFlag (2018): $34.9k, Hard Liquor

Belgium-Luxembourg-Cape Verde: In 2018, Belgium-Luxembourg exported $44.8M to Cape Verde. The main products exported from Belgium-Luxembourg to Cape Verde were Refined Petroleum ($18.3M), Concentrated Milk ($7.16M), and Soybean Oil ($4.46M). During the last 23 years the exports of Belgium-Luxembourg to Cape Verde have increased at an annualized rate of 6.85%, from $9.76M in 1995 to $44.8M in 2018.

Cape Verde-Belgium-Luxembourg: In 2018, Cape Verde exported $41.2k to Belgium-Luxembourg. The main products exported from Cape Verde to Belgium-Luxembourg were Hard Liquor ($34.9k), Molasses ($3.6k), and Boat Propellers ($1.49k). During the last 23 years the exports of Cape Verde to Belgium-Luxembourg have increased at an annualized rate of 4.48%, from $15k in 1995 to $41.2k in 2018.

Comparison: In 2018, Belgium-Luxembourg ranked 10 in total exports ($442B). That same year, Cape Verde ranked 187 in total exports ($115M). Both countries does not have data related to Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Belgium-Luxembourg exported $44.8M to Cape Verde. The main products exported from Belgium-Luxembourg to Cape Verde were Refined Petroleum ($18.3M), Concentrated Milk ($7.16M), and Soybean Oil ($4.46M). During the last 23 years the exports of Belgium-Luxembourg to Cape Verde have increased at an annualized rate of 6.85%, from $9.76M in 1995 to $44.8M in 2018.

In 2018, Cape Verde exported $41.2k to Belgium-Luxembourg. The main products exported from Cape Verde to Belgium-Luxembourg were Hard Liquor ($34.9k), Molasses ($3.6k), and Boat Propellers ($1.49k). During the last 23 years the exports of Cape Verde to Belgium-Luxembourg have increased at an annualized rate of 4.48%, from $15k in 1995 to $41.2k in 2018.

Market Competitiveness

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Measure

Belgium-Luxembourg
Top Destination
: Germany, $77.4B

Cape Verde
Top Destination
: Spain, $70.9M

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

In 2018, countries that imported more from Belgium-Luxembourg than Cape Verde were Germany ($77.4B), France ($62.3B), and Netherlands ($57.5B).

In 2018, no countries were registered that imported more from Cape Verde than from Belgium-Luxembourg.

Comparative Advantage Belgium-Luxembourg - Cape Verde

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Depth

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

During 2018, Belgium-Luxembourg had a large net trade with Cape Verde in the exports of Mineral Products ($18.3M), Animal Products ($8.8M), and Animal and Vegetable Bi-Products ($4.46M).

During 2018, Cape Verde had a large net trade with Belgium-Luxembourg in the exports of Foodstuffs ($38.5k), Machines ($1.49k), and Textiles ($1.22k).

Trade Forecasts

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This section shows a forecast for total trade between Belgium-Luxembourg and Cape Verde. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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-Luxembourg has comparative advantage over Cape Verde. Similarly, the more red a dot/product is, the more Cape Verde has comparative advantage over Belgium-Luxembourg.