Flag Italy / Cape Verde Flag

Exports FlagFlag  (2018): $22.7M, Rnk 157 / 213

Top Product FlagFlag (2018): $3.52M, Refined Petroleum

Exports FlagFlag (2018): $10.6M, Rnk 3 / 76

Top Product FlagFlag (2018): $9.8M, Processed Fish

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

Italy-Cape Verde: In 2018, Italy exported $22.7M to Cape Verde. The main products exported from Italy to Cape Verde were Refined Petroleum ($3.52M), Insulated Wire ($981k), and Plastic Pipes ($699k). During the last 23 years the exports of Italy to Cape Verde have increased at an annualized rate of 6.74%, from $5.06M in 1995 to $22.7M in 2018.

Cape Verde-Italy: In 2018, Cape Verde exported $10.6M to Italy. The main products exported from Cape Verde to Italy were Processed Fish ($9.8M), Non-fillet Frozen Fish ($725k), and Self-adhesive Plastics ($60.5k). During the last 23 years the exports of Cape Verde to Italy have increased at an annualized rate of 22.6%, from $98k in 1995 to $10.6M in 2018.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). 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, Italy exported $22.7M to Cape Verde. The main products exported from Italy to Cape Verde were Refined Petroleum ($3.52M), Insulated Wire ($981k), and Plastic Pipes ($699k). During the last 23 years the exports of Italy to Cape Verde have increased at an annualized rate of 6.74%, from $5.06M in 1995 to $22.7M in 2018.

In 2018, Cape Verde exported $10.6M to Italy. The main products exported from Cape Verde to Italy were Processed Fish ($9.8M), Non-fillet Frozen Fish ($725k), and Self-adhesive Plastics ($60.5k). During the last 23 years the exports of Cape Verde to Italy have increased at an annualized rate of 22.6%, from $98k in 1995 to $10.6M in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Cape Verde
Top Destination
: Spain, $70.9M

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

In 2018, countries that imported more from Italy than Cape Verde were Germany ($67.8B), France ($56.4B), and United States ($50.6B).

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

Comparative Advantage Italy - Cape Verde

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Depth

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

During 2018, Italy had a large net trade with Cape Verde in the exports of Machines ($5.62M), Mineral Products ($4.04M), and Metals ($2.09M).

During 2018, Cape Verde had a large net trade with Italy in the exports of Foodstuffs ($9.8M), Animal Products ($725k), and Plastics and Rubbers ($60.5k).

Tariff Section

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

In 2017, the products from Italy 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 Italy were Cocoa powder, sweetened (50%) and Chocolate and other food preps containing cocoa > 2 k (50%).

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*The tariffs present between Italy 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 Italy 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 Italy has comparative advantage over Cape Verde. Similarly, the more red a dot/product is, the more Cape Verde has comparative advantage over Italy.