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2023
Flag → Flag
Exports $26.3MRnk 116 / 142
2023
Flag → Flag
Top Product $24.7MRefined Petroleum
2023
Flag → Flag
Exports $427kRnk 23 / 101
2023
Flag → Flag
Top Product $427kRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 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 $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 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

South Korea-Cape Verde Trade: In 2023, South Korea exported $26.3M to Cape Verde. The main products that South Korea exported to Cape Verde were Refined Petroleum ($24.7M), Cars ($1.23M), and Non-fillet Frozen Fish ($278k). Over the past 5 years the exports of South Korea to Cape Verde have increased at an annualized rate of 31.6%, from $6.66M in 2018 to $26.3M in 2023.

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

Cape Verde-South Korea Trade: In 2023, Cape Verde exported $427k to South Korea. The main products that Cape Verde exported to South Korea were Refined Petroleum ($427k). Over the past 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 59.2%,  from $41.7k in 2018 to $427k in 2023.

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

Comparison In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85),  and 5 in total exports ($645B). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $383k and imported $0 from Cape Verde, resulting in a positive trade balance of $383k. Between December 2023 and December 2024 the exports of South Korea have increased by $97k (33.9%) from $286k to $383k, while imports decreased by $-1k (-100%) from $1k to $0.

Trade In December 2024, the top exports of South Korea to Cape Verde were Cars, tractors, trucks & parts thereof. ($72k), Machinery, mechanical appliances, & parts ($57k), Optical, photo, & film equipment; medical... ($9k), Pharmaceutical products ($7k), and Used clothes & textile articles ($0). In December 2024 the top imports of South Korea from Cape Verde were Pharmaceutical products ($0), Used clothes & textile articles ($0), Machinery, mechanical appliances, & parts ($0), Cars, tractors, trucks & parts thereof. ($0), and Optical, photo, & film equipment; medical... ($0).

Growth In December 2024, the increase in South Korea's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts ($44k or 338%). In December 2024, the decrease in South Korea's year-by-year imports  from Cape Verde was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$97k(33.9%)
IMPORT GROWTH (December 2023 - December 2024)$-1k(-100%)

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

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

For full datasets download visit Bulk Download page.

Explore Cape Verde and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $26.3M to Cape Verde. The main products exported from South Korea to Cape Verde were Refined Petroleum ($24.7M), Cars ($1.23M), and Non-fillet Frozen Fish ($278k). During the last 5 years the exports of South Korea to Cape Verde have increased at an annualized rate of 31.6%, from $6.66M in 2018 to $26.3M in 2023.

In 2018, Cape Verde exported $427k to South Korea. The main products exported from Cape Verde to South Korea were Refined Petroleum ($427k). During the last 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 59.2%, from $41.7k in 2023 to $427k in 2018.

Exports from South Korea (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from South Korea than Cape Verde included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Cape Verde than South Korea included Gibraltar ($2.69M), Cuba ($158k), and Libya ($41k).

Difference in imports from Cape Verde (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Cape Verde

Flow
Scale

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

During 2023, South Korea had a large net trade with Cape Verde in the exports of Mineral Products ($24.7M), Transportation ($1.25M), and Animal Products ($278k).

During 2018, Cape Verde had a large net trade with South Korea in the exports of Mineral Products ($427k).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Cape Verde (Flag) (2023)

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