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2022
Flag → Flag
Exports $10.9MRnk 2 / 90
2022
Flag → Flag
Top Product $2.74MFootwear Parts
2022
Flag → Flag
Exports $407MRnk 29 / 208
2022
Flag → Flag
Top Product $56.6MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Cape Verde-Portugal Trade: In 2022, Cape Verde exported $10.9M to Portugal. The main products that Cape Verde exported to Portugal were Footwear Parts ($2.74M), Knit T-shirts ($1.97M), and Knit Men's Undergarments ($1.58M). Over the past 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 10.3%, from $18.7M in 2017 to $10.9M in 2022.

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

Portugal-Cape Verde Trade: In 2022, Portugal exported $407M to Cape Verde. The main products that Portugal exported to Cape Verde were Refined Petroleum ($56.6M), Cement ($21M), and Raw Iron Bars ($13.3M). Over the past 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 3.71%,  from $339M in 2017 to $407M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cape Verde exported $10.9M to Portugal. The main products exported from Cape Verde to Portugal were Footwear Parts ($2.74M), Knit T-shirts ($1.97M), and Knit Men's Undergarments ($1.58M). During the last 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 10.3%, from $18.7M in 2017 to $10.9M in 2022.

In 2017, Portugal exported $407M to Cape Verde. The main products exported from Portugal to Cape Verde were Refined Petroleum ($56.6M), Cement ($21M), and Raw Iron Bars ($13.3M). During the last 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 3.71%, from $339M in 2022 to $407M in 2017.

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

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

Latest Data

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

Cape Verde Exports

Portugal Exports

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$51.3M
Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Cape Verde included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Cape Verde - Portugal

Flow
Scale

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

During 2022, Cape Verde had a large net trade with Portugal in the exports of Textiles ($5.24M), Footwear and Headwear ($2.77M), and Miscellaneous ($1.2M).

During 2017, Portugal had a large net trade with Cape Verde in the exports of Mineral Products ($78.7M), Foodstuffs ($49.5M), and Machines ($46.9M).

Economic Complexity

Competitive Landscape

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

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

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