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2023
Flag → Flag
Exports $4.23kRnk 68 / 101
2023
Flag → Flag
Top Product $2.94kRailway Cargo Containers
2023
Flag → Flag
Exports $24.4MRnk 160 / 216
2023
Flag → Flag
Top Product $14.5MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Cape Verde-Turkey Trade: In 2023, Cape Verde exported $4.23k to Turkey. The main products that Cape Verde exported to Turkey were Railway Cargo Containers ($2.94k), Engine Parts ($865), and Other Engines ($344). Over the past 5 years the exports of Cape Verde to Turkey have decreased at an annualized rate of 61.1%, from $472k in 2018 to $4.23k in 2023.

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

Turkey-Cape Verde Trade: In 2023, Turkey exported $24.4M to Cape Verde. The main products that Turkey exported to Cape Verde were Refined Petroleum ($14.5M), Iron Structures ($1.12M), and Toilet Paper ($1.11M). Over the past 5 years the exports of Turkey to Cape Verde have increased at an annualized rate of 42.5%,  from $4.15M in 2018 to $24.4M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cape Verde exported $4.23k to Turkey. The main products exported from Cape Verde to Turkey were Railway Cargo Containers ($2.94k), Engine Parts ($865), and Other Engines ($344). During the last 5 years the exports of Cape Verde to Turkey have decreased at an annualized rate of 61.1%, from $472k in 2018 to $4.23k in 2023.

In 2018, Turkey exported $24.4M to Cape Verde. The main products exported from Turkey to Cape Verde were Refined Petroleum ($14.5M), Iron Structures ($1.12M), and Toilet Paper ($1.11M). During the last 5 years the exports of Turkey to Cape Verde have increased at an annualized rate of 42.5%, from $4.15M in 2023 to $24.4M in 2018.

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

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

Latest Data

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

Cape Verde Exports

Date

Turkey Exports

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$74.7M
Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Cape Verde included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Cape Verde - Turkey

Flow
Scale

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

During 2023, Cape Verde had a large net trade with Turkey in the exports of Transportation ($2.94k), Machines ($1.21k), and Mineral Products ($43).

During 2018, Turkey had a large net trade with Cape Verde in the exports of Mineral Products ($14.5M), Machines ($2.85M), and Metals ($2.49M).

Economic Complexity

Competitive Landscape

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

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

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