2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
Flag
 GDP
$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH
21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH
8.91%CURRENT US$
Rnk 121 / 186

About

Italy-Cape Verde In 2022, Italy exported $14.1M to Cape Verde. The main products that Italy exported to Cape Verde are Refined Petroleum ($2.51M), Washing and Bottling Machines ($887k), and Other Furniture ($510k). During the last 27 years the exports of Italy to Cape Verde have increased at an annualized rate of 3.85%, from $5.08M in 1995 to $14.1M in 2022.

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

Cape Verde-Italy In 2022, Cape Verde exported $8.39M to Italy. The main products that Cape Verde exported to Italy were Processed Fish ($8.39M), Centrifuges ($2.11k), and Glass Bottles ($1.65k). During the last 27 years the exports of Cape Verde to Italy have increased at an annualized rate of 17.9%, from $97.5k in 1995 to $8.39M in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $14.1M to Cape Verde. The main products exported from Italy to Cape Verde were Refined Petroleum ($2.51M), Washing and Bottling Machines ($887k), and Other Furniture ($510k). During the last 27 years the exports of Italy to Cape Verde have increased at an annualized rate of 3.85%, from $5.08M in 1995 to $14.1M in 2022.

In 2022, Cape Verde exported $8.39M to Italy. The main products exported from Cape Verde to Italy were Processed Fish ($8.39M), Centrifuges ($2.11k), and Glass Bottles ($1.65k). During the last 27 years the exports of Cape Verde to Italy have increased at an annualized rate of 17.9%, from $97.5k in 1995 to $8.39M in 2022.

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

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

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Cape Verde
Top Destination
Spain$51.3M

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

In 2021, countries that imported more from Italy than Cape Verde were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2019, no countries were registered that imported more from Cape Verde than from Italy.

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

Comparative Advantage Italy - Cape Verde

Flow
Scale

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

During 2022, Italy had a large net trade with Cape Verde in the exports of Machines ($3.42M), Mineral Products ($2.51M), and Foodstuffs ($1.57M).

During 2022, Cape Verde had a large net trade with Italy in the exports of Foodstuffs ($8.39M), Machines ($2.11k), and Stone And Glass ($1.65k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Cape Verde. Similarly, the more yellow a dot/product is, the more Cape Verde has comparative advantage over Italy.

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

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