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2023
Flag → Flag
Exports $145kRnk 31 / 101
2023
Flag → Flag
Top Product $86.8kProcessed Fish
2023
Flag → Flag
Exports $422kRnk 121 / 159
2023
Flag → Flag
Top Product $361kPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
 GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
GDP PC $4,851CURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195
2023
Flag
GDP PC$1,597CURRENT US$
Rnk 164 / 196
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195

About

Cape Verde-Nigeria Trade: In 2023, Cape Verde exported $145k to Nigeria. The main products that Cape Verde exported to Nigeria were Processed Fish ($86.8k), Animal Meal and Pellets ($28.7k), and Dried/Salted/Smoked/Brined Fish ($16.8k). Over the past 5 years the exports of Cape Verde to Nigeria have increased at an annualized rate of 55.7%, from $15.8k in 2018 to $145k in 2023.

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

Nigeria-Cape Verde Trade: In 2023, Nigeria exported $422k to Cape Verde. The main products that Nigeria exported to Cape Verde were Petroleum Gas ($361k), Pasta ($13.9k), and Motor vehicles; parts and accessories (8701 to 8705) ($7.16k). Over the past 5 years the exports of Nigeria to Cape Verde have increased at an annualized rate of 33.1%,  from $10.3k in 2018 to $422k in 2023.

In 2023, Nigeria 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, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cape Verde exported $145k to Nigeria. The main products exported from Cape Verde to Nigeria were Processed Fish ($86.8k), Animal Meal and Pellets ($28.7k), and Dried/Salted/Smoked/Brined Fish ($16.8k). During the last 5 years the exports of Cape Verde to Nigeria have increased at an annualized rate of 55.7%, from $15.8k in 2018 to $145k in 2023.

In 2018, Nigeria exported $422k to Cape Verde. The main products exported from Nigeria to Cape Verde were Petroleum Gas ($361k), Pasta ($13.9k), and Motor vehicles; parts and accessories (8701 to 8705) ($7.16k). During the last 5 years the exports of Nigeria to Cape Verde have increased at an annualized rate of 33.1%, from $10.3k in 2023 to $422k in 2018.

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

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

Market Competitiveness

Color
Cape Verde
Top DestinationSpain$74.7M
Nigeria
Top DestinationUnited States$6.29B

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

In 2023, countries that imported more from Cape Verde than Nigeria included Djibouti ($527k), Cuba ($158k), and Guinea-Bissau ($20.2k).

In 2023, countries that imported more from Nigeria than Cape Verde included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Comparative Advantage Cape Verde - Nigeria

Flow
Scale

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

During 2023, Cape Verde had a large net trade with Nigeria in the exports of Foodstuffs ($116k), Animal Products ($16.8k), and Instruments ($12.6k).

During 2018, Nigeria had a large net trade with Cape Verde in the exports of Mineral Products ($361k), Foodstuffs ($15.1k), and Machines ($14.8k).

Economic Complexity

Competitive Landscape

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

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

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