Flag Spain / Cape Verde Flag

2019
Flag β†’ Flag  
Exports
: $103M, Rnk 106 / 219

2019
Flag β†’ Flag
Top Product
: $12.5M, Non-fillet Frozen Fish

2019
Flag β†’ Flag
Exports
: $62.4M, Rnk 1 / 88

2019
Flag β†’ Flag
Top Product
: $30.8M, Processed Fish

2019
Flag
Economic Complexity (ECI)
: ECI 0.9, Rnk 36 / 157

2019
Flag  
GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
Flag
GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 187

2019
Flag
 GDP
: $1.98B, CURRENT US$
Rnk 167 / 187

2009-2019
Flag
GDP GROWTH
: 15.8%, CURRENT US$
Rnk 155 / 187

2019
Flag
GDP PC 
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
Flag
GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 187

2019
Flag
GDP PC 
: $3,604, CURRENT US$
Rnk 123 / 187

2009-2019
Flag
GDP PC GROWTH
: 2.46%, CURRENT US$
Rnk 152 / 187

Spain-Cape Verde: In 2019, Spain exported $103M to Cape Verde. The main products that Spain exported to Cape Verde are Non-fillet Frozen Fish ($12.5M), Plastic Pipes ($3.2M), and Fish Fillets ($2.62M). During the last 24 years the exports of Spain to Cape Verde have increased at an annualized rate of 12.9%, from $5.58M in 1995 to $103M in 2019.

In 2019, Spain did not exported services to Cape Verde.

Cape Verde-Spain: In 2019, Cape Verde exported $62.4M to Spain . The main products that Cape Verde exported to Spain were Processed Fish ($30.8M), Non-fillet Frozen Fish ($21.7M), and Molluscs ($4.07M). During the last 24 years the exports of Cape Verde to Spain have increased at an annualized rate of 37.2%, from $31.3k in 1995 to $62.4M in 2019.

In 2019, Cape Verde did not exported services to Spain.

Comparison: In 2019,  Spain ranked 36 in the Economic Complexity Index (ECI 0.9),  and 16 in total exports ($319B). That same year, Cape Verde ranked 191 in total exports ($95.5M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, Spain exported $103M to Cape Verde. The main products exported from Spain to Cape Verde were Non-fillet Frozen Fish ($12.5M), Plastic Pipes ($3.2M), and Fish Fillets ($2.62M). During the last 24 years the exports of Spain to Cape Verde have increased at an annualized rate of 12.9%, from $5.58M in 1995 to $103M in 2019.

In 2019, Cape Verde exported $62.4M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($30.8M), Non-fillet Frozen Fish ($21.7M), and Molluscs ($4.07M). During the last 24 years the exports of Cape Verde to Spain have increased at an annualized rate of 37.2%, from $31.3k in 1995 to $62.4M in 2019.

Market Competitiveness

#permalink to section
Measure

Spain
Top Destination
: France, $47.4B

Cape Verde
Top Destination
: Spain, $62.4M

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 2019, countries that imported more from Spain than Cape Verde were France ($47.4B), Germany ($34.9B), and Portugal ($25.8B).

In 2019, no countries were registered that imported more from Cape Verde than from Spain.

Comparative Advantage Spain - Cape Verde

#permalink to section
Depth

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

During 2019, Spain had a large net trade with Cape Verde in the exports of Animal Products ($29.2M), Machines ($15.7M), and Foodstuffs ($12.9M).

During 2019, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($32.3M), Animal Products ($26.6M), and Miscellaneous ($1.28M).

Tariff Section

#permalink to section

This section 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%).

Explore Tariff Data

*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

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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.