Flag Spain / Cape Verde Flag

Exports FlagFlag  (2018): $146M, Rnk 97 / 209

Top Product FlagFlag (2018): $16.4M, Non-fillet Frozen Fish

Exports FlagFlag (2018): $70.9M, Rnk 1 / 76

Top Product FlagFlag (2018): $36.7M, Processed Fish

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Spain-Cape Verde: In 2018, Spain exported $146M to Cape Verde. The main products exported from Spain to Cape Verde were Non-fillet Frozen Fish ($16.4M), Refined Petroleum ($9.67M), and Unglazed Ceramics ($3.44M). During the last 23 years the exports of Spain to Cape Verde have increased at an annualized rate of 15.3%, from $5.57M in 1995 to $146M in 2018.

Cape Verde-Spain: In 2018, Cape Verde exported $70.9M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($36.7M), Non-fillet Frozen Fish ($28.8M), and Molluscs ($1.41M). During the last 23 years the exports of Cape Verde to Spain have increased at an annualized rate of 40.1%, from $30.6k in 1995 to $70.9M in 2018.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). That same year, Cape Verde ranked 187 in total exports ($115M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Spain exported $146M to Cape Verde. The main products exported from Spain to Cape Verde were Non-fillet Frozen Fish ($16.4M), Refined Petroleum ($9.67M), and Unglazed Ceramics ($3.44M). During the last 23 years the exports of Spain to Cape Verde have increased at an annualized rate of 15.3%, from $5.57M in 1995 to $146M in 2018.

In 2018, Cape Verde exported $70.9M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($36.7M), Non-fillet Frozen Fish ($28.8M), and Molluscs ($1.41M). During the last 23 years the exports of Cape Verde to Spain have increased at an annualized rate of 40.1%, from $30.6k in 1995 to $70.9M in 2018.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $48.6B

Cape Verde
Top Destination
: Spain, $70.9M

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

In 2018, countries that imported more from Spain than Cape Verde were France ($48.6B), Germany ($36.3B), and Portugal ($27.2B).

In 2018, no countries were registered that imported more from Cape Verde than from Spain.

Comparative Advantage Spain - Cape Verde

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Depth

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

During 2018, Spain had a large net trade with Cape Verde in the exports of Animal Products ($32.1M), Machines ($24.6M), and Foodstuffs ($16.1M).

During 2018, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($38M), Animal Products ($30.5M), and Miscellaneous ($1.3M).

Tariff Section

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This sections shows import tariffs for products traded between Spain and Cape Verde (using the HS6 product classification and the last year reported).

In 2017, the products from Spain that paid the highest import tariffs to enter Cape Verde were Sugar beet (178%) and Whey (173%).

In 2015, the products from Cape Verde that paid the highest import tariffs to enter Spain were Cocoa powder, sweetened (50%) and Chocolate and other food preps containing cocoa > 2 k (50%).

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*The tariffs present between Spain and Cape Verde are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Trade Forecasts

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This section shows a forecast for total trade between Spain and Cape Verde. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Cape Verde. Similarly, the more red a dot/product is, the more Cape Verde has comparative advantage over Spain.