Portugal (PRT) and Cape Verde (CPV) Trade | The Observatory of Economic Complexity

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Portugal-Cape Verde In 2022, Portugal exported $407M to Cape Verde. The main products that Portugal exported to Cape Verde are Refined Petroleum ($56.6M), Cement ($21M), and Raw Iron Bars ($13.3M). During the last 27 years the exports of Portugal to Cape Verde have increased at an annualized rate of 4.64%, from $120M in 1995 to $407M in 2022.

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

Cape Verde-Portugal In 2022, Cape Verde exported $10.9M to Portugal. The main products that Cape Verde exported to Portugal were Footwear Parts ($2.74M), Knit T-shirts ($1.97M), and Knit Men's Undergarments ($1.58M). During the last 27 years the exports of Cape Verde to Portugal have increased at an annualized rate of 1.44%, from $7.39M in 1995 to $10.9M in 2022.

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

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €24.4M and imported €934k from Cape Verde, resulting in a positive trade balance of €23.4M. Between January 2023 and January 2024 the exports of Portugal have decreased by €-4.34k (-0.018%) from €24.4M to €24.4M, while imports decreased by €-9.85k (-1.04%) from €944k to €934k.

Trade In January 2024, the top exports of Portugal to Cape Verde were Machinery, mechanical appliances, & parts (€1.97M), Edible products of animal origin, n.e.s. (€1.88M), Electrical machinery and electronics (€1.58M), Beverages, spirits, & vinegar (€1.39M), and Salt, sulphur, cement, lime, stone, &... (€1.37M). In January 2024 the top imports of Portugal from Cape Verde were Knitted clothing accesories (€416k), Non-knitted clothing accesories (€227k), Footwear (€170k), Electrical machinery and electronics (€46.3k), and Machinery, mechanical appliances, & parts (€42.4k).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Salt, sulphur, cement, lime, stone, &... (€-801k or -36.9%), Pharmaceutical products (€-316k or -38.8%), and Chemical products n.e.s. (€-257k or -38.4%). In January 2024, the decrease in Portugal's year-by-year imports from Cape Verde was explained primarily by an decrease in product imports in Optical, photo, & film equipment; medical... (€-55.7k or -96%), Beverages, spirits, & vinegar (€-27.2k or -97.1%), and Iron & steel (€-10.9k or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-4.34k(-0.018%)

IMPORT GROWTH (January 2023 - January 2024)€-9.85k(-1.04%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $407M to Cape Verde. The main products exported from Portugal to Cape Verde were Refined Petroleum ($56.6M), Cement ($21M), and Raw Iron Bars ($13.3M). During the last 27 years the exports of Portugal to Cape Verde have increased at an annualized rate of 4.64%, from $120M in 1995 to $407M in 2022.

In 2022, Cape Verde exported $10.9M to Portugal. The main products exported from Cape Verde to Portugal were Footwear Parts ($2.74M), Knit T-shirts ($1.97M), and Knit Men's Undergarments ($1.58M). During the last 27 years the exports of Cape Verde to Portugal have increased at an annualized rate of 1.44%, from $7.39M in 1995 to $10.9M in 2022.

Exports from Portugal () to Cape Verde () (2022)

Exports from Cape Verde () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Cape Verde
Top DestinationSpain$51.3M

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

In 2021, countries that imported more from Portugal than Cape Verde were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Difference in imports from Cape Verde () and Portugal () (2022)

Comparative Advantage Portugal - Cape Verde

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Cape Verde in the exports of Mineral Products ($78.7M), Foodstuffs ($49.5M), and Machines ($46.9M).

During 2022, Cape Verde had a large net trade with Portugal in the exports of Textiles ($5.24M), Footwear and Headwear ($2.77M), and Miscellaneous ($1.2M).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Cape Verde () (2022)

Exports from Cape Verde () to Portugal () (2022)

Market Competitiveness

Difference in imports from Cape Verde () and Portugal () (2022)

Comparative Advantage Portugal - Cape Verde

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Cape Verde () (2022)

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