2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH
24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH
22.5%CURRENT US$
Rnk 98 / 195

About

Brazil-Cape Verde Trade: In 2023, Brazil exported $47.3M to Cape Verde. The main products that Brazil exported to Cape Verde were Raw Sugar ($9.18M), Rice ($8.82M), and Poultry Meat ($4.89M). Over the past 5 years the exports of Brazil to Cape Verde have increased at an annualized rate of 15.1%, from $23.4M in 2018 to $47.3M in 2023.

In 2023, Brazil did not export any services to Cape Verde.

Cape Verde-Brazil Trade: In 2023, Cape Verde exported $143k to Brazil. The main products that Cape Verde exported to Brazil were Railway Cargo Containers ($73.6k), Telephones ($68.2k), and Low-voltage Protection Equipment ($741). Over the past 5 years the exports of Cape Verde to Brazil have increased at an annualized rate of 34.9%,  from $32k in 2018 to $143k in 2023.

In 2023, Cape Verde did not export any services to Brazil.

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $47.3M to Cape Verde. The main products exported from Brazil to Cape Verde were Raw Sugar ($9.18M), Rice ($8.82M), and Poultry Meat ($4.89M). During the last 5 years the exports of Brazil to Cape Verde have increased at an annualized rate of 15.1%, from $23.4M in 2018 to $47.3M in 2023.

In 2018, Cape Verde exported $143k to Brazil. The main products exported from Cape Verde to Brazil were Railway Cargo Containers ($73.6k), Telephones ($68.2k), and Low-voltage Protection Equipment ($741). During the last 5 years the exports of Cape Verde to Brazil have increased at an annualized rate of 34.9%, from $32k in 2023 to $143k in 2018.

Exports from Brazil (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Cape Verde
Top Destination
Spain$74.7M

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

In 2023, countries that imported more from Brazil than Cape Verde included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, no countries were registered that imported more from Cape Verde than from Brazil.

Difference in imports from Cape Verde (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Cape Verde

Flow
Scale

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

During 2023, Brazil had a large net trade with Cape Verde in the exports of Foodstuffs ($13.1M), Vegetable Products ($12.2M), and Animal Products ($10.4M).

During 2018, Cape Verde had a large net trade with Brazil in the exports of Transportation ($73.6k), Machines ($68.9k), and Miscellaneous ($546).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Cape Verde. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Cape Verde. Similarly, a dot/product with the flag of Cape Verde indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Cape Verde (Flag) (2023)

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