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2022
Flag → Flag
Exports $14.1kRnk 41 / 90
2022
Flag → Flag
Top Product $14.1kRefined Petroleum
2022
Flag → Flag
Exports $3.52kRnk 70 / 0
2022
Flag  
GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Cape Verde-Iceland Trade: In 2022, Cape Verde exported $14.1k to Iceland. The main products that Cape Verde exported to Iceland were Refined Petroleum ($14.1k). Over the past 13 years the exports of Cape Verde to Iceland have increased at an annualized rate of 6.14%, from $6.51k in 2009 to $14.1k in 2022.

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

Iceland-Cape Verde Trade: In 2022, Iceland exported $3.52k to Cape Verde. The main products that Iceland exported to Cape Verde were N/A. Over the past 13 years the exports of Iceland to Cape Verde have decreased at an annualized rate of 52.6%,  from $147k in 2009 to $3.52k in 2022.

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

Comparison In 2022,  Cape Verde ranked 196 in total exports ($92.2M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cape Verde exported $14.1k to Iceland. The main products exported from Cape Verde to Iceland were Refined Petroleum ($14.1k). During the last 13 years the exports of Cape Verde to Iceland have increased at an annualized rate of 6.14%, from $6.51k in 2009 to $14.1k in 2022.

In 2016, Iceland exported $3.52k to Cape Verde. There were not main exports from Iceland to Cape Verde in 2016. During the last 5 years the exports of Iceland to Cape Verde have decreased at an annualized rate of 52.6%, from $147k in 2021 to $3.52k in 2016.

Exports from Cape Verde (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Cape Verde (Flag) (2022)

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$51.3M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Cape Verde than Iceland included Kenya ($694k), Angola ($275k), and Algeria ($135k).

In 2022, countries that imported more from Iceland than Cape Verde included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland (Flag) and Cape Verde (Flag) (2022)

Comparative Advantage Cape Verde - Iceland

Flow
Scale

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

During 2022, Cape Verde had a large net trade with Iceland in the exports of Mineral Products ($14.1k).

During 2016, Iceland had a large net trade with Cape Verde in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Cape Verde (Flag) and Iceland (Flag) (2022)

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