United States (USA) and Cape Verde (CPV) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Cape Verde (CPV) Trade

2022

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Exports $19.9MRnk 190 / 219

2022

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About

United States-Cape Verde In 2022, United States exported $19.9M to Cape Verde. The main products that United States exported to Cape Verde are Cars ($5.58M), Petroleum Gas ($3.19M), and Other Furniture ($755k). During the last 27 years the exports of United States to Cape Verde have increased at an annualized rate of 4.24%, from $6.48M in 1995 to $19.9M in 2022.

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

Cape Verde-United States In 2022, Cape Verde exported $5.59M to United States. The main products that Cape Verde exported to United States were Molluscs ($2.57M), Processed Fish ($1.08M), and Hard Liquor ($354k). During the last 27 years the exports of Cape Verde to United States have increased at an annualized rate of 11.8%, from $274k in 1995 to $5.59M in 2022.

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

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Cape Verde to the United States. Conversely, were notable for importing Cape Verde products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $817k and imported $910k from Cape Verde, resulting in a negative trade balance of $92.4k. Between January 2023 and January 2024 the exports of United States have decreased by $-469k (-36.5%) from $1.29M to $817k, while imports increased by $560k (160%) from $350k to $910k.

Trade In January 2024, the top exports of United States to Cape Verde were Other Furniture ($251k), Commodities not elsewhere specified ($216k), Ethylene Polymers ($137k), Cars ($128k), and Special purpose motor vehicles ($97.6k). In January 2024 the top imports of United States from Cape Verde were Fish Fillets ($212k), Processed Fish ($113k), Valves ($10.6k), Telephones ($7.59k), and Commodities not elsewhere specified ($3.66k).

Origins In January 2024 the exports of United States were mainly from Massachusetts ($177k), New Jersey ($154k), Texas ($120k), Florida ($115k), and Virginia ($96.1k), while imports destinations were mainly Texas ($276k), Washington ($225k), North Dakota ($190k), California ($111k), and Florida ($96.6k).

Growth In January 2024, the decrease in United States's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Motor vehicles; parts and accessories (8701... ($-116k or -58%), Broadcasting Equipment ($-29k or -36.7%), and Video Displays ($-9.47k or -21.2%). In January 2024, the increase in United States's year-by-year imports from Cape Verde was explained primarily by an increase in product imports in Processed Fish ($20k or 21.3%) and Commodities not elsewhere specified ($1.79k or 95.3%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-469k(-36.5%)

IMPORT GROWTH (January 2023 - January 2024)$560k(160%)

MAIN EXPORTER (January 2024)Massachusetts$177k

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Cape Verde and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $19.9M to Cape Verde. The main products exported from United States to Cape Verde were Cars ($5.58M), Petroleum Gas ($3.19M), and Other Furniture ($755k). During the last 27 years the exports of United States to Cape Verde have increased at an annualized rate of 4.24%, from $6.48M in 1995 to $19.9M in 2022.

In 2022, Cape Verde exported $5.59M to United States. The main products exported from Cape Verde to United States were Molluscs ($2.57M), Processed Fish ($1.08M), and Hard Liquor ($354k). During the last 27 years the exports of Cape Verde to United States have increased at an annualized rate of 11.8%, from $274k in 1995 to $5.59M in 2022.

Exports from United States () to Cape Verde () (2022)

Exports from Cape Verde () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Cape Verde
Top DestinationSpain$51.3M

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

In 2021, countries that imported more from United States than Cape Verde were Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Cape Verde () and United States () (2022)

Comparative Advantage United States - Cape Verde

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Cape Verde in the exports of Transportation ($8.02M), Mineral Products ($3.22M), and Machines ($1.84M).

During 2022, Cape Verde had a large net trade with United States in the exports of Animal Products ($2.64M), Foodstuffs ($1.92M), and Miscellaneous ($404k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Cape Verde. Similarly, the more yellow a dot/product is, the more Cape Verde has comparative advantage over United States.

Product Space of United States () and Cape Verde () (2022)

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