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2023
Flag → Flag
Exports $74.7MRnk 1 / 101
2023
Flag → Flag
Top Product $42.8MProcessed Fish
2023
Flag → Flag
Exports $148MRnk 102 / 220
2023
Flag → Flag
Top Product $11.3MRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Cape Verde-Spain Trade: In 2023, Cape Verde exported $74.7M to Spain. The main products that Cape Verde exported to Spain were Processed Fish ($42.8M), Railway Cargo Containers ($11.4M), and Molluscs ($7.01M). Over the past 5 years the exports of Cape Verde to Spain have decreased at an annualized rate of 1.32%, from $79.8M in 2018 to $74.7M in 2023.

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

Spain-Cape Verde Trade: In 2023, Spain exported $148M to Cape Verde. The main products that Spain exported to Cape Verde were Railway Cargo Containers ($11.3M), Pure Olive Oil ($6.07M), and Aluminium Cans ($5.89M). Over the past 5 years the exports of Spain to Cape Verde have increased at an annualized rate of 1.83%,  from $135M in 2018 to $148M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cape Verde exported $74.7M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($42.8M), Railway Cargo Containers ($11.4M), and Molluscs ($7.01M). During the last 5 years the exports of Cape Verde to Spain have decreased at an annualized rate of 1.32%, from $79.8M in 2018 to $74.7M in 2023.

In 2018, Spain exported $148M to Cape Verde. The main products exported from Spain to Cape Verde were Railway Cargo Containers ($11.3M), Pure Olive Oil ($6.07M), and Aluminium Cans ($5.89M). During the last 5 years the exports of Spain to Cape Verde have increased at an annualized rate of 1.83%, from $135M in 2023 to $148M in 2018.

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

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

Latest Data

Trade between Cape Verde (Flag) and Spain (Flag)

Cape Verde Exports

Spain Exports

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$74.7M
Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Spain than Cape Verde included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Cape Verde - Spain

Flow
Scale

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

During 2023, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($45.7M), Animal Products ($13.5M), and Transportation ($12.8M).

During 2018, Spain had a large net trade with Cape Verde in the exports of Animal Products ($24.3M), Machines ($19.6M), and Metals ($16.2M).

Economic Complexity

Competitive Landscape

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.

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

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