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2023
Flag → Flag
Exports $53.9MRnk 154 / 220
2023
Flag → Flag
Top Product $48.8MRefined Petroleum
2023
Flag → Flag
Exports $10.2MRnk 5 / 101
2023
Flag → Flag
Top Product $5.37MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
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GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
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GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

India-Cape Verde Trade: In 2023, India exported $53.9M to Cape Verde. The main products that India exported to Cape Verde were Refined Petroleum ($48.8M), Cars ($1.91M), and Unglazed Ceramics ($679k). Over the past 5 years the exports of India to Cape Verde have increased at an annualized rate of 93%, from $2.01M in 2018 to $53.9M in 2023.

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

Cape Verde-India Trade: In 2023, Cape Verde exported $10.2M to India. The main products that Cape Verde exported to India were Refined Petroleum ($5.37M), Scrap Iron ($2.71M), and Scrap Copper ($1.29M). Over the past 5 years the exports of Cape Verde to India have increased at an annualized rate of 26.7%,  from $3.13M in 2018 to $10.2M in 2023.

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

Comparison In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, India exported $128k and imported $824k from Cape Verde, resulting in a negative trade balance of $695k. Between November 2023 and November 2024 the exports of India have decreased by $-20.2k (-13.6%) from $149k to $128k, while imports increased by $153k (22.8%) from $671k to $824k.

Trade In November 2024, the top exports of India to Cape Verde were Iron And Steel ($96.1k), Ceramics And Allied Products ($78.8k), Indl. Machnry For Dairy Etc ($38.7k), Other Commodities ($31.1k), and Agro Chemicals ($21.7k). In November 2024 the top imports of India from Cape Verde were Copper And Prdcts Made Of Copr ($118k), Aluminium, Products Of Aluminm ($50.9k), and Iron And Steel ($3.29k).

Growth In November 2024, the decrease in India's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Iron And Steel ($-181k or -65.3%) and Products Of Iron And Steel ($-1.85k or -28.3%). In November 2024, the increase in India's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in Copper And Prdcts Made Of Copr ($79.7k or 205%) and Aluminium, Products Of Aluminm ($37.1k or 268%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$-20.2k(-13.6%)
IMPORT GROWTH (November 2023 - November 2024)$153k(22.8%)

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

To check Cape Verde and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cape Verde and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $53.9M to Cape Verde. The main products exported from India to Cape Verde were Refined Petroleum ($48.8M), Cars ($1.91M), and Unglazed Ceramics ($679k). During the last 5 years the exports of India to Cape Verde have increased at an annualized rate of 93%, from $2.01M in 2018 to $53.9M in 2023.

In 2018, Cape Verde exported $10.2M to India. The main products exported from Cape Verde to India were Refined Petroleum ($5.37M), Scrap Iron ($2.71M), and Scrap Copper ($1.29M). During the last 5 years the exports of Cape Verde to India have increased at an annualized rate of 26.7%, from $3.13M in 2023 to $10.2M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from India than Cape Verde included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, no countries were registered that imported more from Cape Verde than from India.

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

Comparative Advantage India - Cape Verde

Flow
Scale

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

During 2023, India had a large net trade with Cape Verde in the exports of Mineral Products ($48.8M), Transportation ($1.94M), and Chemical Products ($821k).

During 2018, Cape Verde had a large net trade with India in the exports of Mineral Products ($5.37M), Metals ($4.52M), and Chemical Products ($325k).

Economic Complexity

Competitive Landscape

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

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

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