Flag United States / Cape Verde Flag

Exports FlagFlag  (2018): $17.7M, Rnk 180 / 215

Top Product FlagFlag (2018): $4.53M, Cars

Exports FlagFlag (2018): $4.13M, Rnk 4 / 76

Top Product FlagFlag (2018): $1.03M, Processed Fish

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

United States-Cape Verde: In 2018, United States exported $17.7M to Cape Verde. The main products exported from United States to Cape Verde were Cars ($4.53M), Petroleum Gas ($1.98M), and Mirrors and Lenses ($1.45M). During the last 23 years the exports of United States to Cape Verde have increased at an annualized rate of 4.45%, from $6.48M in 1995 to $17.7M in 2018.

Cape Verde-United States: In 2018, Cape Verde exported $4.13M to United States. The main products exported from Cape Verde to United States were Processed Fish ($1.03M), Baked Goods ($967k), and Cement Articles ($455k). During the last 23 years the exports of Cape Verde to United States have increased at an annualized rate of 12.5%, from $274k in 1995 to $4.13M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). 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

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Depth
Value

In 2018, United States exported $17.7M to Cape Verde. The main products exported from United States to Cape Verde were Cars ($4.53M), Petroleum Gas ($1.98M), and Mirrors and Lenses ($1.45M). During the last 23 years the exports of United States to Cape Verde have increased at an annualized rate of 4.45%, from $6.48M in 1995 to $17.7M in 2018.

In 2018, Cape Verde exported $4.13M to United States. The main products exported from Cape Verde to United States were Processed Fish ($1.03M), Baked Goods ($967k), and Cement Articles ($455k). During the last 23 years the exports of Cape Verde to United States have increased at an annualized rate of 12.5%, from $274k in 1995 to $4.13M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Cape Verde
Top Destination
: Spain, $70.9M

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 2018, countries that imported more from United States than Cape Verde were Mexico ($237B), Canada ($190B), and China ($119B).

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

Comparative Advantage United States - Cape Verde

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Depth

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

During 2018, United States had a large net trade with Cape Verde in the exports of Transportation ($8.01M), Instruments ($2.21M), and Mineral Products ($1.99M).

During 2018, Cape Verde had a large net trade with United States in the exports of Foodstuffs ($2.25M), Stone And Glass ($478k), and Textiles ($412k).

Tariff Section

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

In 2018, the products from United States that paid the highest import tariffs to enter Cape Verde were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

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

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*The tariffs present between United States and Cape Verde are:
75: AGOA preference on certain textiles and apparel for eligible countries
75: AGOA preference on certain textiles and apparel for eligible countries
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
346: Preferential treatment under the African Growth and Opportunity Act (AGOA)
346: Preferential treatment under the African Growth and Opportunity Act (AGOA)
388: United States Generalized System of Preference
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States 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.

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