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2022
Flag → Flag
Exports $407MRnk 29 / 208
2022
Flag → Flag
Top Product $56.6MRefined Petroleum
2022
Flag → Flag
Exports $10.9MRnk 2 / 90
2022
Flag → Flag
Top Product $2.74MFootwear Parts
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186

About

Portugal-Cape Verde Trade: In 2022, Portugal exported $407M to Cape Verde. The main products that Portugal exported to Cape Verde were Refined Petroleum ($56.6M), Cement ($21M), and Raw Iron Bars ($13.3M). Over the past 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 3.71%, from $339M in 2017 to $407M in 2022.

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

Cape Verde-Portugal Trade: 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). Over the past 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 10.3%,  from $18.7M in 2017 to $10.9M in 2022.

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

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  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

September, 2024

About

Overview In September 2024, Portugal exported €91M and imported €867k from Cape Verde, resulting in a positive trade balance of €90.2M. Between September 2023 and September 2024 the exports of Portugal have increased by €40.4M (79.7%) from €50.7M to €91M, while imports increased by €133k (18.2%) from €734k to €867k.

Trade In September 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 September 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 September 2024, the increase in Portugal's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Edible products of animal origin, n.e.s. (€1.08M or 136%), Electrical machinery and electronics (€610k or 63%), and Machinery, mechanical appliances, & parts (€594k or 43.2%). In September 2024, the increase in Portugal's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in Knitted clothing accesories (€247k or 146%), Non-knitted clothing accesories (€195k or 620%), and Footwear (€104k or 156%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€40.4M(79.7%)
IMPORT GROWTH (September 2023 - September 2024)€133k(18.2%)

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.

For full datasets download visit Bulk Download page.

Explore Cape Verde and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 3.71%, from $339M in 2017 to $407M in 2022.

In 2017, 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 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 10.3%, from $18.7M in 2022 to $10.9M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Portugal than Cape Verde included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Cape Verde

Flow
Scale

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 2017, 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

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

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

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