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2023
Flag → Flag
Exports $121MRnk 175 / 208
2023
Flag → Flag
Top Product $37.2MRefined Petroleum
2023
Flag → Flag
Exports $3.04MRnk 10 / 101
2023
Flag → Flag
Top Product $2.94MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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 GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
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GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
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GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
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GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

China-Cape Verde Trade: In 2023, China exported $121M to Cape Verde. The main products that China exported to Cape Verde were Refined Petroleum ($37.2M), Processed Fish ($9.82M), and Cars ($7.32M). Over the past 5 years the exports of China to Cape Verde have increased at an annualized rate of 12.3%, from $67.8M in 2018 to $121M in 2023.

In 2023, China did not export any services to Cape Verde.

Cape Verde-China Trade: In 2023, Cape Verde exported $3.04M to China. The main products that Cape Verde exported to China were Refined Petroleum ($2.94M), Disc Chemicals for Electronics ($59.8k), and Processed Crustaceans ($18.4k). Over the past 5 years the exports of Cape Verde to China have increased at an annualized rate of 14.9%,  from $760k in 2018 to $3.04M in 2023.

In 2023, Cape Verde did not export any services to China.

Comparison In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16),  and 1 in total exports ($3.42T). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, China exported $9.82M and imported $663 from Cape Verde, resulting in a positive trade balance of $9.82M. Between December 2023 and December 2024 the exports of China have increased by $2.94M (42.7%) from $6.88M to $9.82M, while imports increased by $109 (19.7%) from $554 to $663.

Trade In December 2024, the top exports of China to Cape Verde were Processed Fish ($2.86M), Aluminium Bars ($913k), Semiconductor Devices ($885k), Unglazed Ceramics ($655k), and Air Pumps ($501k). In December 2024 the top imports of China from Cape Verde were Commodities not elsewhere specified ($532) and Industrial Printers ($34).

Origins In December 2024 the exports of China were mainly from Shandong Province ($2.54M), Zhejiang Province ($2.19M), Guangdong Province ($1.13M), Hunan Province ($992k), and Jiangsu Province ($696k), while imports destinations were mainly Guangdong Province ($423) and Beijing ($240).

Growth In December 2024, the increase in China's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Air Pumps ($485k or 3.15k%), Aluminium Bars ($447k or 96%), and Refrigerators ($323k or 260%). In December 2024, the increase in China's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($216 or 68.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$2.94M(42.7%)
IMPORT GROWTH (December 2023 - December 2024)$109(19.7%)
MAIN EXPORTER (December 2024)Shandong Province$2.54M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $121M to Cape Verde. The main products exported from China to Cape Verde were Refined Petroleum ($37.2M), Processed Fish ($9.82M), and Cars ($7.32M). During the last 5 years the exports of China to Cape Verde have increased at an annualized rate of 12.3%, from $67.8M in 2018 to $121M in 2023.

In 2018, Cape Verde exported $3.04M to China. The main products exported from Cape Verde to China were Refined Petroleum ($2.94M), Disc Chemicals for Electronics ($59.8k), and Processed Crustaceans ($18.4k). During the last 5 years the exports of Cape Verde to China have increased at an annualized rate of 14.9%, from $760k in 2023 to $3.04M in 2018.

Exports from China (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from China than Cape Verde included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Cape Verde than from China.

Difference in imports from Cape Verde (Flag) and China (Flag) (2023)

Comparative Advantage China - Cape Verde

Flow
Scale

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

During 2023, China had a large net trade with Cape Verde in the exports of Mineral Products ($37.2M), Machines ($17.3M), and Transportation ($15.1M).

During 2018, Cape Verde had a large net trade with China in the exports of Mineral Products ($2.94M), Chemical Products ($59.8k), and Foodstuffs ($18.4k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Cape Verde. This means that a dot/product with the flag of China indicates it has a comparative advantage over Cape Verde. Similarly, a dot/product with the flag of Cape Verde indicates it has a comparative advantage over China.

Product Space of China (Flag) and Cape Verde (Flag) (2023)

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