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2022
Flag → Flag
Exports $1.24kRnk 161 / 166
2022
Flag → Flag
Top Product $1.24kBroadcasting Accessories
2022
Flag → Flag
Exports $507Rnk 77 / 90
2022
Flag → Flag
Top Product $507Broadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186

About

Nigeria-Cape Verde Trade: In 2022, Nigeria exported $1.24k to Cape Verde. The main products that Nigeria exported to Cape Verde were Broadcasting Accessories ($1.24k). Over the past 5 years the exports of Nigeria to Cape Verde have decreased at an annualized rate of 48.3%, from $33.5k in 2017 to $1.24k in 2022.

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

Cape Verde-Nigeria Trade: In 2022, Cape Verde exported $507 to Nigeria. The main products that Cape Verde exported to Nigeria were Broadcasting Equipment ($507). Over the past 5 years the exports of Cape Verde to Nigeria have decreased at an annualized rate of 70.3%,  from $746k in 2017 to $507 in 2022.

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

Comparison In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). 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, Nigeria exported $1.24k to Cape Verde. The main products exported from Nigeria to Cape Verde were Broadcasting Accessories ($1.24k). During the last 5 years the exports of Nigeria to Cape Verde have decreased at an annualized rate of 48.3%, from $33.5k in 2017 to $1.24k in 2022.

In 2017, Cape Verde exported $507 to Nigeria. The main products exported from Cape Verde to Nigeria were Broadcasting Equipment ($507). During the last 5 years the exports of Cape Verde to Nigeria have decreased at an annualized rate of 70.3%, from $746k in 2022 to $507 in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Cape Verde
Top DestinationSpain$51.3M

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

In 2022, countries that imported more from Nigeria than Cape Verde included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Cape Verde than Nigeria included Cuba ($208k), Andorra ($1.04k), and Brunei ($1.37k).

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

Comparative Advantage Nigeria - Cape Verde

Flow
Scale

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

During 2022, Nigeria had a large net trade with Cape Verde in the exports of Machines ($1.24k).

During 2017, Cape Verde had a large net trade with Nigeria in the exports of Machines ($507).

Economic Complexity

Competitive Landscape

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

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

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