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2023
Flag → Flag
Exports $202MRnk 67 / 182
2023
Flag → Flag
Top Product $202MRefined Petroleum
2023
Flag → Flag
Exports $1.84kRnk 79 / 101
2023
Flag → Flag
Top Product $990Low-voltage Protection Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Saudi Arabia-Cape Verde Trade: In 2023, Saudi Arabia exported $202M to Cape Verde. The main products that Saudi Arabia exported to Cape Verde were Refined Petroleum ($202M), Ethylene Polymers ($277k), and Flavored Water ($44.3k). Over the past 5 years the exports of Saudi Arabia to Cape Verde have increased at an annualized rate of 305%, from $184k in 2018 to $202M in 2023.

In 2023, Saudi Arabia did not export any services to Cape Verde.

Cape Verde-Saudi Arabia Trade: In 2023, Cape Verde exported $1.84k to Saudi Arabia. The main products that Cape Verde exported to Saudi Arabia were Low-voltage Protection Equipment ($990), Insulated Wire ($572), and Plastic Housewares ($281). Over the past 5 years the exports of Cape Verde to Saudi Arabia have decreased at an annualized rate of 29%,  from $10.2k in 2018 to $1.84k in 2023.

In 2023, Cape Verde did not export any services to Saudi Arabia.

Comparison In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76),  and 26 in total exports ($300B). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $202M to Cape Verde. The main products exported from Saudi Arabia to Cape Verde were Refined Petroleum ($202M), Ethylene Polymers ($277k), and Flavored Water ($44.3k). During the last 5 years the exports of Saudi Arabia to Cape Verde have increased at an annualized rate of 305%, from $184k in 2018 to $202M in 2023.

In 2018, Cape Verde exported $1.84k to Saudi Arabia. The main products exported from Cape Verde to Saudi Arabia were Low-voltage Protection Equipment ($990), Insulated Wire ($572), and Plastic Housewares ($281). During the last 5 years the exports of Cape Verde to Saudi Arabia have decreased at an annualized rate of 29%, from $10.2k in 2023 to $1.84k in 2018.

Exports from Saudi Arabia (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Cape Verde (Flag)

Saudi Arabia Exports

Date

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from Saudi Arabia than Cape Verde included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Cape Verde than Saudi Arabia included Gibraltar ($2.69M), Sao Tome and Principe ($5.29k), and Israel ($1k).

Difference in imports from Cape Verde (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Cape Verde

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Cape Verde in the exports of Mineral Products ($202M), Plastics and Rubbers ($277k), and Foodstuffs ($90k).

During 2018, Cape Verde had a large net trade with Saudi Arabia in the exports of Machines ($1.56k) and Plastics and Rubbers ($281).

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Cape Verde (Flag) (2023)

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