Flag Portugal / Cape Verde Flag

Exports Flag β†’ Flag  (2018): $346M, Rnk 27 / 201

Top Product Flag β†’ Flag (2018): $16.6M, Cement

Exports Flag β†’ Flag (2018): $16.6M, Rnk 2 / 76

Top Product Flag β†’ Flag (2018): $4.18M, Footwear Parts

Economic Complexity of Flag (2018): ECI 0.46, Rnk 48 / 137

Portugal-Cape Verde: In 2018, Portugal exported $346M to Cape Verde. The main products exported from Portugal to Cape Verde were Cement ($16.6M), Raw Iron Bars ($11.4M), and Packaged Medicaments ($9.05M). During the last 23 years the exports of Portugal to Cape Verde have increased at an annualized rate of 4.73%, from $120M in 1995 to $346M in 2018.

Cape Verde-Portugal: In 2018, Cape Verde exported $16.6M to Portugal. The main products exported from Cape Verde to Portugal were Footwear Parts ($4.18M), Non-Knit Men's Suits ($3.5M), and Knit T-shirts ($1.86M). During the last 23 years the exports of Cape Verde to Portugal have increased at an annualized rate of 3.59%, from $7.38M in 1995 to $16.6M in 2018.

Comparison: In 2018, Portugal ranked 48 in the Economic Complexity Index (ECI 0.46), and 44 in total exports ($72B). 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

#permalink to section
Depth
Value

In 2018, Portugal exported $346M to Cape Verde. The main products exported from Portugal to Cape Verde were Cement ($16.6M), Raw Iron Bars ($11.4M), and Packaged Medicaments ($9.05M). During the last 23 years the exports of Portugal to Cape Verde have increased at an annualized rate of 4.73%, from $120M in 1995 to $346M in 2018.

In 2018, Cape Verde exported $16.6M to Portugal. The main products exported from Cape Verde to Portugal were Footwear Parts ($4.18M), Non-Knit Men's Suits ($3.5M), and Knit T-shirts ($1.86M). During the last 23 years the exports of Cape Verde to Portugal have increased at an annualized rate of 3.59%, from $7.38M in 1995 to $16.6M in 2018.

Market Competitiveness

#permalink to section
Measure

Portugal
Top Destination
: Spain, $16.8B

Cape Verde
Top Destination
: Spain, $70.9M

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 2018, countries that imported more from Portugal than Cape Verde were Spain ($16.8B), France ($9.07B), and Germany ($8.44B).

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

Comparative Advantage Portugal - Cape Verde

#permalink to section
Depth

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

During 2018, Portugal had a large net trade with Cape Verde in the exports of Machines ($59.9M), Foodstuffs ($46.2M), and Metals ($37M).

During 2018, Cape Verde had a large net trade with Portugal in the exports of Textiles ($6.99M), Footwear and Headwear ($4.18M), and Animal Products ($1.95M).

Tariff Section

#permalink to section

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

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

Explore Tariff Data

*The tariffs present between Portugal 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

#permalink to section

This section shows a forecast for total trade between Portugal 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.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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 Portugal has comparative advantage over Cape Verde. Similarly, the more red a dot/product is, the more Cape Verde has comparative advantage over Portugal.