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Pricing

2022
Flag → Flag
Exports $19.4MRnk 153 / 222
2022
Flag → Flag
Top Product $11.2MConcentrated Milk
2022
Flag → Flag
Exports $89.1kRnk 26 / 90
2022
Flag → Flag
Top Product $88.6kVideo and Card Games
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186

About

Belgium-Cape Verde In 2022, Belgium exported $19.4M to Cape Verde. The main products that Belgium exported to Cape Verde are Concentrated Milk ($11.2M), Other Frozen Vegetables ($1.39M), and Dried Legumes ($582k). During the last 23 years the exports of Belgium to Cape Verde have increased at an annualized rate of 3.33%, from $9.13M in 1999 to $19.4M in 2022.

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

Cape Verde-Belgium In 2022, Cape Verde exported $89.1k to Belgium. The main products that Cape Verde exported to Belgium were Video and Card Games ($88.6k), Refined Petroleum ($169), and Office Machine Parts ($130). During the last 23 years the exports of Cape Verde to Belgium have increased at an annualized rate of 2.73%, from $47.9k in 1999 to $89.1k in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28),  and 13 in total exports ($475B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €1.01M and imported €116 from Cape Verde, resulting in a positive trade balance of €1.01M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-1.16M (-53.6%) from €2.17M to €1.01M, while imports increased by €71 (158%) from €45 to €116.

Trade In December 2023, the top exports of Belgium to Cape Verde were Edible products of animal origin, n.e.s. (€1.01M), Preparations of cereals, flour, starch or... (€189k), Preparations of vegetables, fruit, nuts or... (€130k), Edible vegetables, roots, & tubers (€84.8k), and Misc. manufactures (€35.4k). In December 2023 the top imports of Belgium from Cape Verde were Mineral fuels, mineral oils and products... (€84) and Beverages, spirits, & vinegar (€31).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Iron or steel articles (€-75.1k or -98.7%), Machinery, mechanical appliances, & parts (€-64.7k or -98.8%), and Beverages, spirits, & vinegar (€-15.5k or -81.7%). In December 2023, the increase in Belgium's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-1.16M(-53.6%)
IMPORT GROWTH (December 2022 - December 2023)€71(158%)

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $19.4M to Cape Verde. The main products exported from Belgium to Cape Verde were Concentrated Milk ($11.2M), Other Frozen Vegetables ($1.39M), and Dried Legumes ($582k). During the last 23 years the exports of Belgium to Cape Verde have increased at an annualized rate of 3.33%, from $9.13M in 1999 to $19.4M in 2022.

In 2022, Cape Verde exported $89.1k to Belgium. The main products exported from Cape Verde to Belgium were Video and Card Games ($88.6k), Refined Petroleum ($169), and Office Machine Parts ($130). During the last 23 years the exports of Cape Verde to Belgium have increased at an annualized rate of 2.73%, from $47.9k in 1999 to $89.1k in 2022.

Exports from Belgium (Flag) to Cape Verde (Flag) (2022)

Exports from Cape Verde (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Cape Verde
Top DestinationSpain$51.3M

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

In 2021, countries that imported more from Belgium than Cape Verde were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Difference in imports from Cape Verde (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Cape Verde

Flow
Scale

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

During 2022, Belgium had a large net trade with Cape Verde in the exports of Animal Products ($11.3M), Foodstuffs ($2.8M), and Vegetable Products ($1.22M).

During 2022, Cape Verde had a large net trade with Belgium in the exports of Miscellaneous ($88.6k), Foodstuffs ($172), and Mineral Products ($170).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Cape Verde (Flag) (2022)

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