2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
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 Trade: In 2022, Italy exported $14.1M to Cape Verde. The main products that Italy exported to Cape Verde were Refined Petroleum ($2.51M), Washing and Bottling Machines ($887k), and Other Furniture ($510k). Over the past 5 years the exports of Italy to Cape Verde have decreased at an annualized rate of 23.9%, from $55.3M in 2017 to $14.1M in 2022.

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

Cape Verde-Italy Trade: 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). Over the past 5 years the exports of Cape Verde to Italy have increased at an annualized rate of 19.8%,  from $3.39M in 2017 to $8.39M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  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 5 years the exports of Italy to Cape Verde have decreased at an annualized rate of 23.9%, from $55.3M in 2017 to $14.1M in 2022.

In 2017, 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 5 years the exports of Cape Verde to Italy have increased at an annualized rate of 19.8%, from $3.39M in 2022 to $8.39M in 2017.

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 2022, countries that imported more from Italy than Cape Verde included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, 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 2017, 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 shows the product space at the HS4 level with the flags of Italy and Cape Verde. This means that a dot/product with the flag of Italy 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 Italy.

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

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