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Pricing

2022
Flag → Flag
Exports $118MRnk 104 / 218
2022
Flag → Flag
Top Product $17.4MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $51.3MRnk 1 / 90
2022
Flag → Flag
Top Product $40.2MProcessed Fish
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186

About

Spain-Cape Verde Trade: In 2022, Spain exported $118M to Cape Verde. The main products that Spain exported to Cape Verde were Non-fillet Frozen Fish ($17.4M), Unglazed Ceramics ($4.8M), and Valves ($3.42M). Over the past 5 years the exports of Spain to Cape Verde have decreased at an annualized rate of 1.54%, from $127M in 2017 to $118M in 2022.

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

Cape Verde-Spain Trade: In 2022, Cape Verde exported $51.3M to Spain. The main products that Cape Verde exported to Spain were Processed Fish ($40.2M), Fish Fillets ($4.15M), and Molluscs ($3.24M). Over the past 5 years the exports of Cape Verde to Spain have increased at an annualized rate of 0.8%,  from $49.3M in 2017 to $51.3M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €6.96M and imported €4.24M from Cape Verde, resulting in a positive trade balance of €2.72M. Between August 2023 and August 2024 the exports of Spain have increased by €623k (9.83%) from €6.33M to €6.96M, while imports decreased by €-981k (-18.8%) from €5.22M to €4.24M.

Trade In August 2024, the top exports of Spain to Cape Verde were Unglazed Ceramics (€276k), Molluscs (€241k), Fish Fillets (€201k), Plastic Lids (€169k), and Pig Meat (€139k). In August 2024 the top imports of Spain from Cape Verde were Processed Fish (€3.52M), Molluscs (€688k), Animal Meal and Pellets (€136k), Fish Fillets (€64.5k), and Non-fillet Frozen Fish (€38.2k).

Origins In August 2024 the exports of Spain were mainly from Murcia (€918k), Valencia (€552k), Barcelona (€493k), Pontevedra (€412k), and Baleares (€355k), while imports destinations were mainly Sevilla (€2.19M), A Coruña (€1.13M), Málaga (€913k), Pontevedra (€1.21k), and Zaragoza (€132).

Growth In August 2024, the increase in Spain's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Molluscs (€214k or 790%), Lifting Machinery (€89.8k or 1.07k%), and Interchangeable Tool Parts (€78.5k or 40.5k%). In August 2024, the decrease in Spain's year-by-year imports  from Cape Verde was explained primarily by an decrease in product imports  in Fish Fillets (€-177k or -73.3%), Animal Meal and Pellets (€-160k or -54%), and Commodities not elsewhere specified (€-107 or -67.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€623k(9.83%)
IMPORT GROWTH (August 2023 - August 2024)€-981k(-18.8%)
MAIN EXPORTER (August 2024)Murcia€918k

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

To check Cape Verde and Spain 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 2022, Spain exported $118M to Cape Verde. The main products exported from Spain to Cape Verde were Non-fillet Frozen Fish ($17.4M), Unglazed Ceramics ($4.8M), and Valves ($3.42M). During the last 5 years the exports of Spain to Cape Verde have decreased at an annualized rate of 1.54%, from $127M in 2017 to $118M in 2022.

In 2017, Cape Verde exported $51.3M to Spain. The main products exported from Cape Verde to Spain were Processed Fish ($40.2M), Fish Fillets ($4.15M), and Molluscs ($3.24M). During the last 5 years the exports of Cape Verde to Spain have increased at an annualized rate of 0.8%, from $49.3M in 2022 to $51.3M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Cape Verde
Top DestinationSpain$51.3M

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

In 2022, countries that imported more from Spain than Cape Verde included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Cape Verde

Flow
Scale

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

During 2022, Spain had a large net trade with Cape Verde in the exports of Animal Products ($35.2M), Machines ($18.1M), and Foodstuffs ($14.8M).

During 2017, Cape Verde had a large net trade with Spain in the exports of Foodstuffs ($42M), Animal Products ($7.48M), and Miscellaneous ($1.52M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Cape Verde. This means that a dot/product with the flag of Spain 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 Spain.

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

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