Cape Verde (CPV) and Costa Rica (CRI) Trade | The Observatory of Economic Complexity

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Cape Verde-Costa Rica Trade: In 2023, Cape Verde exported $1.46k to Costa Rica. The main products that Cape Verde exported to Costa Rica were Centrifuges ($1.15k) and Other Electrical Machinery ($311). Over the past 6 years the exports of Cape Verde to Costa Rica have increased at an annualized rate of 84.6%, from $37 in 2017 to $1.46k in 2023.

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

Costa Rica-Cape Verde In N/A, Costa Rica did not export any products to Cape Verde.

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

Comparison In 2023, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cape Verde exported $1.46k to Costa Rica. The main products exported from Cape Verde to Costa Rica were Centrifuges ($1.15k) and Other Electrical Machinery ($311). During the last 6 years the exports of Cape Verde to Costa Rica have increased at an annualized rate of 84.6%, from $37 in 2017 to $1.46k in 2023.

Costa Rica does not register exports to Cape Verde. The main products exported from Costa Rica to Cape Verde were Tropical Fruits ($23.3k), Cars ($5k), and Pitted Fruits ($1.83k).

Exports from Cape Verde () to Costa Rica () (2023)

Exports from Costa Rica () to Cape Verde () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$74.7M

Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Cape Verde than Costa Rica included Togo ($11.6M), Ghana ($3.53M), and Gibraltar ($2.69M).

In 2023, countries that imported more from Costa Rica than Cape Verde included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica () and Cape Verde () (2023)

Comparative Advantage Cape Verde - Costa Rica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cape Verde had a large net trade with Costa Rica in the exports of Machines ($1.46k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cape Verde () to Costa Rica () (2023)

Exports from Costa Rica () to Cape Verde () (2023)

Market Competitiveness

Difference in imports from Costa Rica () and Cape Verde () (2023)

Comparative Advantage Cape Verde - Costa Rica

Economic Complexity

Competitive Landscape

Product Space of Cape Verde () and Costa Rica () (2023)

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