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2023
Flag → Flag
Exports $7.3MRnk 181 / 220
2023
Flag → Flag
Top Product $898kCars
2023
Flag → Flag
Exports $720kRnk 17 / 101
2023
Flag → Flag
Top Product $360kSurveying Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
Flag
 GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Germany-Cape Verde Trade: In 2023, Germany exported $7.3M to Cape Verde. The main products that Germany exported to Cape Verde were Cars ($898k), Electric Motor Parts ($515k), and Surveying Equipment ($464k). Over the past 5 years the exports of Germany to Cape Verde have decreased at an annualized rate of 5.5%, from $9.69M in 2018 to $7.3M in 2023.

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

Cape Verde-Germany Trade: In 2023, Cape Verde exported $720k to Germany. The main products that Cape Verde exported to Germany were Surveying Equipment ($360k), Video Recording Equipment ($88.9k), and Electric Motors ($30.8k). Over the past 5 years the exports of Cape Verde to Germany have decreased at an annualized rate of 3.13%,  from $845k in 2018 to $720k in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €186k and imported €38k from Cape Verde, resulting in a positive trade balance of €148k. Between November 2023 and November 2024 the exports of Germany have decreased by €-251k (-57.4%) from €437k to €186k, while imports increased by €28k (280%) from €10k to €38k.

Trade In November 2024, the top exports of Germany to Cape Verde were Mineral oil products (€52k), Sawn timber (€31k), Perfumes and toilet preparations (€21k), Spirits (€20k), and Other chemical final products (€17k). In November 2024 the top imports of Germany from Cape Verde were Ceramic products (€9k), Apparel of silk, man-made fibres, excl.... (€3k), Returned goods (€0), and Low value consignments Extra-EU trade (€0).

Origins In November 2024 the exports of Germany were mainly from Lower Saxony (€57k), Hesse (€24k), North Rhine-Westphalia (€23k), Baden-Württemberg (€13k), and Schleswig-Holstein (€11k), while imports destinations were mainly Hesse (€33k), Saxony (€5k), and Mecklenburg-Vorpommern (€0).

Growth In November 2024, the decrease in Germany's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Chassis, bodies, engines etc. for motor... (€-19k or -61.3%), Office and automatic data processing machines (€-10k or -83.3%), and Perfumes and toilet preparations (€-2k or -8.7%). In November 2024, the increase in Germany's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-251k(-57.4%)
IMPORT GROWTH (November 2023 - November 2024)€28k(280%)
MAIN EXPORTER (November 2024)Lower Saxony€57k

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Cape Verde and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $7.3M to Cape Verde. The main products exported from Germany to Cape Verde were Cars ($898k), Electric Motor Parts ($515k), and Surveying Equipment ($464k). During the last 5 years the exports of Germany to Cape Verde have decreased at an annualized rate of 5.5%, from $9.69M in 2018 to $7.3M in 2023.

In 2018, Cape Verde exported $720k to Germany. The main products exported from Cape Verde to Germany were Surveying Equipment ($360k), Video Recording Equipment ($88.9k), and Electric Motors ($30.8k). During the last 5 years the exports of Cape Verde to Germany have decreased at an annualized rate of 3.13%, from $845k in 2023 to $720k in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from Germany than Cape Verde included United States ($157B), France ($118B), and Netherlands ($108B).

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

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

Comparative Advantage Germany - Cape Verde

Flow
Scale

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

During 2023, Germany had a large net trade with Cape Verde in the exports of Machines ($2.52M), Transportation ($1.43M), and Instruments ($915k).

During 2018, Cape Verde had a large net trade with Germany in the exports of Instruments ($432k), Machines ($230k), and Metals ($17.9k).

Economic Complexity

Competitive Landscape

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

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

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