Flag Turkey / Cape Verde Flag

2019
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Exports
: $13.2M, Rnk 160 / 213

2019
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Top Product
: $4.95M, Tug Boats

2019
Flag β†’ Flag
Exports
: $513k, Rnk 9 / 88

2019
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Top Product
: $319k, Non-fillet Frozen Fish

2019
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Economic Complexity (ECI)
: ECI 0.69, Rnk 41 / 157

2019
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GDP
: $761B, CURRENT US$
Rnk 19 / 187

2009-2019
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 153 / 187

2019
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 GDP
: $1.98B, CURRENT US$
Rnk 167 / 187

2009-2019
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GDP GROWTH
: 15.8%, CURRENT US$
Rnk 155 / 187

2019
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GDP PC 
: $9,127, CURRENT US$
Rnk 77 / 187

2009-2019
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GDP PC GROWTH
: 0.25%, CURRENT US$
Rnk 159 / 187

2019
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GDP PC 
: $3,604, CURRENT US$
Rnk 123 / 187

2009-2019
Flag
GDP PC GROWTH
: 2.46%, CURRENT US$
Rnk 152 / 187

Turkey-Cape Verde: In 2019, Turkey exported $13.2M to Cape Verde. The main products that Turkey exported to Cape Verde are Tug Boats ($4.95M), Passenger and Cargo Ships ($3.7M), and Toilet Paper ($1.09M). During the last 24 years the exports of Turkey to Cape Verde have increased at an annualized rate of 27.7%, from $37.5k in 1995 to $13.2M in 2019.

In 2019, Turkey did not exported services to Cape Verde.

Cape Verde-Turkey: In 2019, Cape Verde exported $513k to Turkey . The main products that Cape Verde exported to Turkey were Non-fillet Frozen Fish ($319k), Processed Fish ($180k), and Broadcasting Equipment ($8.49k). During the last 24 years the exports of Cape Verde to Turkey have increased at an annualized rate of 7.36%, from $93.4k in 1995 to $513k in 2019.

In 2019, Cape Verde did not exported services to Turkey.

Comparison: In 2019,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.69),  and 29 in total exports ($187B). That same year, Cape Verde ranked 191 in total exports ($95.5M), and does not have data regarding Economic Complexity Index.

Bilateral Trade by Products

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Depth
Value

In 2019, Turkey exported $13.2M to Cape Verde. The main products exported from Turkey to Cape Verde were Tug Boats ($4.95M), Passenger and Cargo Ships ($3.7M), and Toilet Paper ($1.09M). During the last 24 years the exports of Turkey to Cape Verde have increased at an annualized rate of 27.7%, from $37.5k in 1995 to $13.2M in 2019.

In 2019, Cape Verde exported $513k to Turkey. The main products exported from Cape Verde to Turkey were Non-fillet Frozen Fish ($319k), Processed Fish ($180k), and Broadcasting Equipment ($8.49k). During the last 21 years the exports of Cape Verde to Turkey have increased at an annualized rate of 7.36%, from $93.4k in 1998 to $513k in 2019.

Date

Market Competitiveness

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Measure

Turkey
Top Destination
: Germany, $16.8B

Cape Verde
Top Destination
: Spain, $62.4M

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 2019, countries that imported more from Turkey than Cape Verde were Germany ($16.8B), United Kingdom ($12.1B), and Iraq ($10.2B).

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

Comparative Advantage Turkey - Cape Verde

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Depth

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

During 2019, Turkey had a large net trade with Cape Verde in the exports of Transportation ($8.77M), Foodstuffs ($1.1M), and Paper Goods ($1.09M).

During 2019, Cape Verde had a large net trade with Turkey in the exports of Animal Products ($319k), Foodstuffs ($180k), and Machines ($8.84k).

Tariff Section

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

In 2018, the products from Turkey that paid the highest import tariffs to enter Cape Verde were Bovine cuts boneless, fresh or chilled (225%) and Bovine cuts boneless, frozen (225%).

In 2015, the products from Cape Verde that paid the highest import tariffs to enter Turkey were Cocoa powder, sweetened (50%) and Chocolate and other food preps containing cocoa > 2 k (50%).

Explore Tariff Data

*The tariffs present between Turkey and Cape Verde are:
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
383: Turkey Generalized System of Preference

Economic Complexity

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Competitive Landscape

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