NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $148MRnk 102 / 220
2023
Flag → Flag
Top Product $11.3MRailway Cargo Containers
2023
Flag → Flag
Exports $74.7MRnk 1 / 101
2023
Flag → Flag
Top Product $42.8MProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Spain-Cape Verde Trade: In 2023, Spain exported $148M to Cape Verde. The main products that Spain exported to Cape Verde were Railway Cargo Containers ($11.3M), Pure Olive Oil ($6.07M), and Aluminium Cans ($5.89M). Over the past 5 years the exports of Spain to Cape Verde have increased at an annualized rate of 1.83%, from $135M in 2018 to $148M in 2023.

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

Cape Verde-Spain Trade: In 2023, Cape Verde exported $74.7M to Spain. The main products that Cape Verde exported to Spain were Processed Fish ($42.8M), Railway Cargo Containers ($11.4M), and Molluscs ($7.01M). Over the past 5 years the exports of Cape Verde to Spain have decreased at an annualized rate of 1.32%,  from $79.8M in 2018 to $74.7M in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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, Spain exported €7.61M and imported €2.04M from Cape Verde, resulting in a positive trade balance of €5.57M. Between November 2023 and November 2024 the exports of Spain have increased by €698k (10.1%) from €6.91M to €7.61M, while imports decreased by €-930k (-31.4%) from €2.97M to €2.04M.

Trade In November 2024, the top exports of Spain to Cape Verde were Unglazed Ceramics (€276k), Molluscs (€241k), Fish Fillets (€201k), Plastic Lids (€169k), and Pig Meat (€139k). In November 2024 the top imports of Spain from Cape Verde were Processed Fish (€3.52M), Molluscs (€688k), Animal Meal and Pellets (€136k), Fish Fillets (€64.5k), and Non-fillet Frozen Fish (€38.2k).

Origins In November 2024 the exports of Spain were mainly from Sevilla (€1.14M), Baleares (€950k), Barcelona (€824k), Madrid (€328k), and Valencia (€294k), while imports destinations were mainly A Coruña (€1.34M), Sevilla (€656k), and Madrid (€38k).

Growth In November 2024, the increase in Spain's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Molluscs (€214k or 790%), Lifting Machinery (€89.8k or 1.07k%), and Interchangeable Tool Parts (€78.5k or 40.5k%). In November 2024, the decrease in Spain's year-by-year imports  from Cape Verde was explained primarily by an decrease in product imports  in Fish Fillets (€-177k or -73.3%), Animal Meal and Pellets (€-160k or -54%), and Commodities not elsewhere specified (€-107 or -67.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€698k(10.1%)
IMPORT GROWTH (November 2023 - November 2024)€-930k(-31.4%)
MAIN EXPORTER (November 2024)Sevilla€1.14M

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

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

For full datasets download visit Bulk Download page.

Explore Cape Verde and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $148M to Cape Verde. The main products exported from Spain to Cape Verde were Railway Cargo Containers ($11.3M), Pure Olive Oil ($6.07M), and Aluminium Cans ($5.89M). During the last 5 years the exports of Spain to Cape Verde have increased at an annualized rate of 1.83%, from $135M in 2018 to $148M in 2023.

In 2018, Cape Verde exported $74.7M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($42.8M), Railway Cargo Containers ($11.4M), and Molluscs ($7.01M). During the last 5 years the exports of Cape Verde to Spain have decreased at an annualized rate of 1.32%, from $79.8M in 2023 to $74.7M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Cape Verde
Top DestinationSpain$74.7M

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 2023, countries that imported more from Spain than Cape Verde included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

Comparative Advantage Spain - Cape Verde

Flow
Scale

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

During 2023, Spain had a large net trade with Cape Verde in the exports of Animal Products ($24.3M), Machines ($19.6M), and Metals ($16.2M).

During 2018, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($45.7M), Animal Products ($13.5M), and Transportation ($12.8M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Cape Verde. This means that a dot/product with the flag of Spain 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 Spain.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms