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2023
Flag → Flag
Exports $9.37kRnk 62 / 101
2023
Flag → Flag
Top Product $9.37kElectrical Transformers
2023
Flag → Flag
Exports $14.9kRnk 94 / 125
2023
Flag → Flag
Top Product $14.9kUtility Meters
2023
Flag
Economic Complexity (ECI) ECI -1.36Rnk 124 / 132
2023
Flag  
GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
 GDP$20.3BCURRENT US$
Rnk 121 / 195
2013-2023
Flag
GDP GROWTH51.2%CURRENT US$
Rnk 72 / 195
2023
Flag
GDP PC $4,851CURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195
2023
Flag
GDP PC$883CURRENT US$
Rnk 182 / 196
2013-2023
Flag
GDP PC GROWTH16.2%CURRENT US$
Rnk 115 / 195

About

Cape Verde-Burkina Faso Trade: In 2023, Cape Verde exported $9.37k to Burkina Faso. The main products that Cape Verde exported to Burkina Faso were Electrical Transformers ($9.37k). Over the past 6 years the exports of Cape Verde to Burkina Faso have decreased at an annualized rate of 32.6%, from $100k in 2017 to $9.37k in 2023.

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

Burkina Faso-Cape Verde Trade: In 2023, Burkina Faso exported $14.9k to Cape Verde. The main products that Burkina Faso exported to Cape Verde were Utility Meters ($14.9k). Over the past 6 years the exports of Burkina Faso to Cape Verde have increased at an annualized rate of 2.87%,  from $12.9k in 2017 to $14.9k in 2023.

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

Comparison In 2023,  Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index. That same year, Burkina Faso ranked 124 in the Economic Complexity Index (ECI -1.36), and 111 in total exports ($8.35B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cape Verde exported $9.37k to Burkina Faso. The main products exported from Cape Verde to Burkina Faso were Electrical Transformers ($9.37k). During the last 6 years the exports of Cape Verde to Burkina Faso have decreased at an annualized rate of 32.6%, from $100k in 2017 to $9.37k in 2023.

In 2018, Burkina Faso exported $14.9k to Cape Verde. The main products exported from Burkina Faso to Cape Verde were Utility Meters ($14.9k). During the last 5 years the exports of Burkina Faso to Cape Verde have increased at an annualized rate of 2.87%, from $12.9k in 2023 to $14.9k in 2018.

Exports from Cape Verde (Flag) to Burkina Faso (Flag) (2023)

Exports from Burkina Faso (Flag) to Cape Verde (Flag) (2023)

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$74.7M
Burkina Faso
Top DestinationSwitzerland$6B

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

In 2023, countries that imported more from Cape Verde than Burkina Faso included Spain ($74.7M), Portugal ($14.1M), and Gibraltar ($2.69M).

In 2023, countries that imported more from Burkina Faso than Cape Verde included Switzerland ($6B), United Arab Emirates ($815M), and Mali ($268M).

Difference in imports from Burkina Faso (Flag) and Cape Verde (Flag) (2023)

Comparative Advantage Cape Verde - Burkina Faso

Flow
Scale

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

During 2023, Cape Verde had a large net trade with Burkina Faso in the exports of Machines ($9.37k).

During 2018, Burkina Faso had a large net trade with Cape Verde in the exports of Instruments ($14.9k).

Economic Complexity

Competitive Landscape

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

Product Space of Cape Verde (Flag) and Burkina Faso (Flag) (2023)

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