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2023
Flag → Flag
Exports $158kRnk 29 / 101
2023
Flag → Flag
Top Product $97.6kProcessed Fish
2023
Flag → Flag
Exports $499kRnk 63 / 121
2023
Flag → Flag
Top Product $499kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
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GDP PC $4,851CURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Cape Verde-Cuba Trade: In 2023, Cape Verde exported $158k to Cuba. The main products that Cape Verde exported to Cuba were Processed Fish ($97.6k), Other Furniture ($12.4k), and Bathroom Ceramics ($7.17k). Over the past 11 years the exports of Cape Verde to Cuba have increased at an annualized rate of 33.8%, from $6.43k in 2012 to $158k in 2023.

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

Cuba-Cape Verde Trade: In 2023, Cuba exported $499k to Cape Verde. The main products that Cuba exported to Cape Verde were Hard Liquor ($499k). Over the past 11 years the exports of Cuba to Cape Verde have decreased at an annualized rate of 24.3%,  from $2M in 2012 to $499k in 2023.

In 2023, Cuba 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, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cape Verde exported $158k to Cuba. The main products exported from Cape Verde to Cuba were Processed Fish ($97.6k), Other Furniture ($12.4k), and Bathroom Ceramics ($7.17k). During the last 11 years the exports of Cape Verde to Cuba have increased at an annualized rate of 33.8%, from $6.43k in 2012 to $158k in 2023.

In 2018, Cuba exported $499k to Cape Verde. The main products exported from Cuba to Cape Verde were Hard Liquor ($499k). During the last 5 years the exports of Cuba to Cape Verde have decreased at an annualized rate of 24.3%, from $2M in 2023 to $499k in 2018.

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

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

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$74.7M
Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from Cape Verde than Cuba included Togo ($11.6M), India ($10.2M), and Ghana ($3.53M).

In 2023, countries that imported more from Cuba than Cape Verde included China ($358M), Germany ($68.1M), and Spain ($129M).

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

Comparative Advantage Cape Verde - Cuba

Flow
Scale

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

During 2023, Cape Verde had a large net trade with Cuba in the exports of Foodstuffs ($103k), Miscellaneous ($21.3k), and Machines ($11.3k).

During 2018, Cuba had a large net trade with Cape Verde in the exports of Foodstuffs ($499k).

Economic Complexity

Competitive Landscape

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

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

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