Cape Verde (CPV) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Cape Verde-Spain Trade: In 2022, Cape Verde exported $51.3M to Spain. The main products that Cape Verde exported to Spain were Processed Fish ($40.2M), Fish Fillets ($4.15M), and Molluscs ($3.24M). Over the past 5 years the exports of Cape Verde to Spain have increased at an annualized rate of 0.8%, from $49.3M in 2017 to $51.3M in 2022.

In 2022, Cape Verde did not export any services to Spain.

Spain-Cape Verde Trade: In 2022, Spain exported $118M to Cape Verde. The main products that Spain exported to Cape Verde were Non-fillet Frozen Fish ($17.4M), Unglazed Ceramics ($4.8M), and Valves ($3.42M). Over the past 5 years the exports of Spain to Cape Verde have decreased at an annualized rate of 1.54%, from $127M in 2017 to $118M in 2022.

In 2022, Spain did not export any services to Cape Verde.

Comparison In 2022, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cape Verde exported $51.3M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($40.2M), Fish Fillets ($4.15M), and Molluscs ($3.24M). During the last 5 years the exports of Cape Verde to Spain have increased at an annualized rate of 0.8%, from $49.3M in 2017 to $51.3M in 2022.

In 2017, Spain exported $118M to Cape Verde. The main products exported from Spain to Cape Verde were Non-fillet Frozen Fish ($17.4M), Unglazed Ceramics ($4.8M), and Valves ($3.42M). During the last 5 years the exports of Spain to Cape Verde have decreased at an annualized rate of 1.54%, from $127M in 2022 to $118M in 2017.

Exports from Cape Verde () to Spain () (2022)

Exports from Spain () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and Spain ()

Cape Verde Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

Spain
Top DestinationFrance$65.2B

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

In 2022, no countries were registered that imported more from Cape Verde than from Spain.

In 2022, countries that imported more from Spain than Cape Verde included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($42M), Animal Products ($7.48M), and Miscellaneous ($1.52M).

During 2017, Spain had a large net trade with Cape Verde in the exports of Animal Products ($35.2M), Machines ($18.1M), and Foodstuffs ($14.8M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cape Verde () to Spain () (2022)

Exports from Spain () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and Spain ()

Cape Verde Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cape Verde () and Spain () (2022)

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