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2023
Flag → Flag
Exports $24.4MRnk 160 / 216
2023
Flag → Flag
Top Product $14.5MRefined Petroleum
2023
Flag → Flag
Exports $4.23kRnk 68 / 101
2023
Flag → Flag
Top Product $2.94kRailway Cargo Containers
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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 $13,106CURRENT US$
Rnk 77 / 195
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195
2023
Flag
GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Turkey-Cape Verde Trade: In 2023, Turkey exported $24.4M to Cape Verde. The main products that Turkey exported to Cape Verde were Refined Petroleum ($14.5M), Iron Structures ($1.12M), and Toilet Paper ($1.11M). Over the past 5 years the exports of Turkey to Cape Verde have increased at an annualized rate of 42.5%, from $4.15M in 2018 to $24.4M in 2023.

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

Cape Verde-Turkey Trade: In 2023, Cape Verde exported $4.23k to Turkey. The main products that Cape Verde exported to Turkey were Railway Cargo Containers ($2.94k), Engine Parts ($865), and Other Engines ($344). Over the past 5 years the exports of Cape Verde to Turkey have decreased at an annualized rate of 61.1%,  from $472k in 2018 to $4.23k in 2023.

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

Comparison In 2023,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.62),  and 28 in total exports ($272B). 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, Turkey exported $24.4M to Cape Verde. The main products exported from Turkey to Cape Verde were Refined Petroleum ($14.5M), Iron Structures ($1.12M), and Toilet Paper ($1.11M). During the last 5 years the exports of Turkey to Cape Verde have increased at an annualized rate of 42.5%, from $4.15M in 2018 to $24.4M in 2023.

In 2018, Cape Verde exported $4.23k to Turkey. The main products exported from Cape Verde to Turkey were Railway Cargo Containers ($2.94k), Engine Parts ($865), and Other Engines ($344). During the last 5 years the exports of Cape Verde to Turkey have decreased at an annualized rate of 61.1%, from $472k in 2023 to $4.23k in 2018.

Exports from Turkey (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to Turkey (Flag) (2023)

Latest Data

Trade between Turkey (Flag) and Cape Verde (Flag)

Turkey Exports

Cape Verde Exports

Date

Market Competitiveness

Color
Turkey
Top DestinationGermany$24.7B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from Turkey than Cape Verde included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

In 2023, no countries were registered that imported more from Cape Verde than from Turkey.

Difference in imports from Cape Verde (Flag) and Turkey (Flag) (2023)

Comparative Advantage Turkey - Cape Verde

Flow
Scale

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

During 2023, Turkey had a large net trade with Cape Verde in the exports of Mineral Products ($14.5M), Machines ($2.85M), and Metals ($2.49M).

During 2018, Cape Verde had a large net trade with Turkey in the exports of Transportation ($2.94k), Machines ($1.21k), and Mineral Products ($43).

Economic Complexity

Competitive Landscape

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

Product Space of Turkey (Flag) and Cape Verde (Flag) (2023)

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