Cape Verde (CPV) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Cape Verde-Italy Trade: In 2022, Cape Verde exported $8.39M to Italy. The main products that Cape Verde exported to Italy were Processed Fish ($8.39M), Centrifuges ($2.11k), and Glass Bottles ($1.65k). Over the past 5 years the exports of Cape Verde to Italy have increased at an annualized rate of 19.8%, from $3.39M in 2017 to $8.39M in 2022.

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

Italy-Cape Verde Trade: In 2022, Italy exported $14.1M to Cape Verde. The main products that Italy exported to Cape Verde were Refined Petroleum ($2.51M), Washing and Bottling Machines ($887k), and Other Furniture ($510k). Over the past 5 years the exports of Italy to Cape Verde have decreased at an annualized rate of 23.9%, from $55.3M in 2017 to $14.1M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cape Verde exported $8.39M to Italy. The main products exported from Cape Verde to Italy were Processed Fish ($8.39M), Centrifuges ($2.11k), and Glass Bottles ($1.65k). During the last 5 years the exports of Cape Verde to Italy have increased at an annualized rate of 19.8%, from $3.39M in 2017 to $8.39M in 2022.

In 2017, Italy exported $14.1M to Cape Verde. The main products exported from Italy to Cape Verde were Refined Petroleum ($2.51M), Washing and Bottling Machines ($887k), and Other Furniture ($510k). During the last 5 years the exports of Italy to Cape Verde have decreased at an annualized rate of 23.9%, from $55.3M in 2022 to $14.1M in 2017.

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

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

Latest Data

Trade between Cape Verde () and Italy ()

Cape Verde Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Cape Verde included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Cape Verde - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cape Verde had a large net trade with Italy in the exports of Foodstuffs ($8.39M), Machines ($2.11k), and Stone And Glass ($1.65k).

During 2017, Italy had a large net trade with Cape Verde in the exports of Machines ($3.42M), Mineral Products ($2.51M), and Foodstuffs ($1.57M).

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 Italy. This means that a dot/product with the flag of Cape Verde indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Cape Verde.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Cape Verde () and Italy ()

Cape Verde Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Cape Verde - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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