Cape Verde (CPV) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Cape Verde-Iceland Trade: In 2022, Cape Verde exported $14.1k to Iceland. The main products that Cape Verde exported to Iceland were Refined Petroleum ($14.1k). Over the past 13 years the exports of Cape Verde to Iceland have increased at an annualized rate of 6.14%, from $6.51k in 2009 to $14.1k in 2022.

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

Iceland-Cape Verde Trade: In 2022, Iceland exported $3.52k to Cape Verde. The main products that Iceland exported to Cape Verde were N/A. Over the past 13 years the exports of Iceland to Cape Verde have decreased at an annualized rate of 52.6%, from $147k in 2009 to $3.52k in 2022.

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

Comparison In 2022, Cape Verde ranked 196 in total exports ($92.2M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cape Verde exported $14.1k to Iceland. The main products exported from Cape Verde to Iceland were Refined Petroleum ($14.1k). During the last 13 years the exports of Cape Verde to Iceland have increased at an annualized rate of 6.14%, from $6.51k in 2009 to $14.1k in 2022.

In 2016, Iceland exported $3.52k to Cape Verde. There were not main exports from Iceland to Cape Verde in 2016. During the last 5 years the exports of Iceland to Cape Verde have decreased at an annualized rate of 52.6%, from $147k in 2021 to $3.52k in 2016.

Exports from Cape Verde () to Iceland () (2022)

Exports from Iceland () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Cape Verde than Iceland included Kenya ($694k), Angola ($275k), and Algeria ($135k).

In 2022, countries that imported more from Iceland than Cape Verde included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cape Verde had a large net trade with Iceland in the exports of Mineral Products ($14.1k).

During 2016, Iceland had a large net trade with Cape Verde in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cape Verde () to Iceland () (2022)

Exports from Iceland () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Cape Verde () (2022)

Comparative Advantage Cape Verde - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cape Verde () and Iceland () (2022)

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