Flag Cape Verde

Overview In 2020 Cape Verde was the number 195 economy in the world in terms of total exports and the number 171 in total imports.

Exports The top exports of Cape Verde are Processed Fish ($36M), Non-fillet Frozen Fish ($19.2M), Molluscs ($4.11M), Footwear Parts ($2.63M), and Knit Men's Undergarments ($1.48M), exporting mostly to Spain ($52.7M), Portugal ($9.25M), Italy ($7.24M), United States ($4.76M), and Germany ($1.58M).

Imports The top imports of Cape Verde are Refined Petroleum ($320M), Delivery Trucks ($52.9M), Cars ($24.8M), Railway Cargo Containers ($23.2M), and Cement ($23.1M), importing mostly from N/A.

Location Cape Verde borders Gambia, Mauritania, and Senegal by sea.

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The following section uses the most recent trade data from partners of Cape Verde.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Fastest Growing Import Markets (N/A - N/A)

Cape Verde Exports Services (2017): $639M

Cape Verde Imports Services (2017): $327M

In 2017, Cape Verde exported $639M worth of services. The top services exported by Cape Verde in 2017 were Personal travel ($417M), Air transport ($88M), Miscellaneous business, professional, and technical services ($52.9M), Telecommunications services ($24.5M), and Government services, n.i.e. ($24.2M).

The top services imported by Cape Verde in 2017 were N/A.

Economic Complexity

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Most Specialized Products by RCA Index

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Cape Verde has a high level of specialization in Processed Fish (384), Non-fillet Frozen Fish (167), Molluscs (90.8), Fishing and Hunting Equipment (79.7), and Footwear Parts (72.2). Specialization is measured using RCA, an index that takes the ratio between Cape Verde observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Cape Verde according to the relatedness index, are Crustaceans (0.077), Cocoa Beans (0.073), Non-fillet Fresh Fish (0.073), Non-Knit Active Wear (0.069), and Non-Knit Men's Shirts (0.069). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cape Verde is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Cape Verde. These are products that tend to be co-exported with the products that Cape Verde exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.