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2022
Flag → Flag
Exports $873Rnk 73 / 90
2022
Flag → Flag
Top Product $873Office Machine Parts
2022
Flag → Flag
Exports $944kRnk 162 / 205
2022
Flag → Flag
Top Product $865kMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC $3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186
2022
Flag
GDP PC$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Cape Verde-Hungary Trade: In 2022, Cape Verde exported $873 to Hungary. The main products that Cape Verde exported to Hungary were Office Machine Parts ($873). Over the past 5 years the exports of Cape Verde to Hungary have increased at an annualized rate of 5.98%, from $653 in 2017 to $873 in 2022.

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

Hungary-Cape Verde Trade: In 2022, Hungary exported $944k to Cape Verde. The main products that Hungary exported to Cape Verde were Machinery Having Individual Functions ($865k), Broadcasting Equipment ($26k), and Insulated Wire ($8.43k). Over the past 5 years the exports of Hungary to Cape Verde have increased at an annualized rate of 55%,  from $106k in 2017 to $944k in 2022.

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

Comparison In 2022,  Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index. That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cape Verde exported $873 to Hungary. The main products exported from Cape Verde to Hungary were Office Machine Parts ($873). During the last 5 years the exports of Cape Verde to Hungary have increased at an annualized rate of 5.98%, from $653 in 2017 to $873 in 2022.

In 2017, Hungary exported $944k to Cape Verde. The main products exported from Hungary to Cape Verde were Machinery Having Individual Functions ($865k), Broadcasting Equipment ($26k), and Insulated Wire ($8.43k). During the last 5 years the exports of Hungary to Cape Verde have increased at an annualized rate of 55%, from $106k in 2022 to $944k in 2017.

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

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

Latest Data

Trade between Cape Verde (Flag) and Hungary (Flag)

Hungary Exports

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$51.3M
Hungary
Top DestinationGermany$35.5B

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

In 2022, no countries were registered that imported more from Cape Verde than from Hungary.

In 2022, countries that imported more from Hungary than Cape Verde included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

Comparative Advantage Cape Verde - Hungary

Flow
Scale

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

During 2022, Cape Verde had a large net trade with Hungary in the exports of Machines ($873).

During 2017, Hungary had a large net trade with Cape Verde in the exports of Machines ($916k), Chemical Products ($9.51k), and Transportation ($5.22k).

Economic Complexity

Competitive Landscape

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

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

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