South Korea (KOR) and Cape Verde (CPV) Trade | The Observatory of Economic Complexity

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South Korea-Cape Verde Trade: In 2022, South Korea exported $3.12M to Cape Verde. The main products that South Korea exported to Cape Verde were Cars ($2.71M), Other Office Machines ($130k), and Vinyl Chloride Polymers ($99.6k). Over the past 5 years the exports of South Korea to Cape Verde have decreased at an annualized rate of 4.66%, from $3.97M in 2017 to $3.12M in 2022.

In 2022, South Korea did not export any services to Cape Verde.

Cape Verde-South Korea Trade: In 2022, Cape Verde exported $32.6k to South Korea. The main products that Cape Verde exported to South Korea were Integrated Circuits ($24.6k), Boat Propellers ($2.53k), and Non-Knit Men's Suits ($1.53k). Over the past 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 20%, from $13.1k in 2017 to $32.6k in 2022.

In 2022, Cape Verde did not export any services to South Korea.

Comparison In 2022, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

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Overview In October 2024, South Korea exported $421k and imported $0 from Cape Verde, resulting in a positive trade balance of $421k. Between October 2023 and October 2024 the exports of South Korea have increased by $228k (118%) from $193k to $421k, while imports remained the same by $0 (N/A%) from $0 to $0.

Trade In October 2024, the top exports of South Korea to Cape Verde were Cars, tractors, trucks & parts thereof. ($72k) and Machinery, mechanical appliances, & parts ($13k). In October 2024 the top imports of South Korea from Cape Verde were Machinery, mechanical appliances, & parts ($0) and Cars, tractors, trucks & parts thereof. ($0).

Growth In October 2024, the increase in South Korea's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($41k or 132%). In October 2024, the change in South Korea's year-by-year imports from Cape Verde was explained primarily by an decrease in product imports in Machinery, mechanical appliances, & parts ($-6k or -100%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, South Korea exported $3.12M to Cape Verde. The main products exported from South Korea to Cape Verde were Cars ($2.71M), Other Office Machines ($130k), and Vinyl Chloride Polymers ($99.6k). During the last 5 years the exports of South Korea to Cape Verde have decreased at an annualized rate of 4.66%, from $3.97M in 2017 to $3.12M in 2022.

In 2017, Cape Verde exported $32.6k to South Korea. The main products exported from Cape Verde to South Korea were Integrated Circuits ($24.6k), Boat Propellers ($2.53k), and Non-Knit Men's Suits ($1.53k). During the last 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 20%, from $13.1k in 2022 to $32.6k in 2017.

Exports from South Korea () to Cape Verde () (2022)

Exports from Cape Verde () to South Korea () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

South Korea
Top DestinationChina$150B

Cape Verde
Top DestinationSpain$51.3M

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

In 2022, countries that imported more from South Korea than Cape Verde included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, no countries were registered that imported more from Cape Verde than from South Korea.

Difference in imports from Cape Verde () and South Korea () (2022)

Comparative Advantage South Korea - Cape Verde

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, South Korea had a large net trade with Cape Verde in the exports of Transportation ($2.77M), Machines ($184k), and Plastics and Rubbers ($103k).

During 2017, Cape Verde had a large net trade with South Korea in the exports of Machines ($29.2k), Textiles ($1.53k), and Plastics and Rubbers ($1.49k).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Cape Verde () (2022)

Exports from Cape Verde () to South Korea () (2022)

Market Competitiveness

Difference in imports from Cape Verde () and South Korea () (2022)

Comparative Advantage South Korea - Cape Verde

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Cape Verde () (2022)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from South Korea () to Cape Verde () (2022)

Exports from Cape Verde () to South Korea () (2022)

Market Competitiveness

Difference in imports from Cape Verde () and South Korea () (2022)

Comparative Advantage South Korea - Cape Verde

Economic Complexity

Competitive Landscape

Product Space of South Korea () and Cape Verde () (2022)

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