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2023
Flag → Flag
Exports $536MRnk 24 / 211
2023
Flag → Flag
Top Product $129MRefined Petroleum
2023
Flag → Flag
Exports $14.1MRnk 2 / 101
2023
Flag → Flag
Top Product $3.17MFootwear Parts
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH22.5%CURRENT US$
Rnk 98 / 195

About

Portugal-Cape Verde Trade: In 2023, Portugal exported $536M to Cape Verde. The main products that Portugal exported to Cape Verde were Refined Petroleum ($129M), Cement ($34.2M), and Raw Iron Bars ($15.8M). Over the past 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 8.28%, from $360M in 2018 to $536M in 2023.

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

Cape Verde-Portugal Trade: In 2023, Cape Verde exported $14.1M to Portugal. The main products that Cape Verde exported to Portugal were Footwear Parts ($3.17M), Knit Men's Undergarments ($2.1M), and Knit T-shirts ($1.62M). Over the past 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 5.13%,  from $18.4M in 2018 to $14.1M in 2023.

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

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). 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, Portugal exported €33.5M and imported €525k from Cape Verde, resulting in a positive trade balance of €32.9M. Between November 2023 and November 2024 the exports of Portugal have decreased by €-669k (-1.96%) from €34.1M to €33.5M, while imports decreased by €-501k (-48.8%) from €1.03M to €525k.

Trade In November 2024, the top exports of Portugal to Cape Verde were Machinery, mechanical appliances, & parts (€1.97M), Edible products of animal origin, n.e.s. (€1.88M), Electrical machinery and electronics (€1.58M), Beverages, spirits, & vinegar (€1.39M), and Salt, sulphur, cement, lime, stone, &... (€1.37M). In November 2024 the top imports of Portugal from Cape Verde were Knitted clothing accesories (€416k), Non-knitted clothing accesories (€227k), Footwear (€170k), Electrical machinery and electronics (€46.3k), and Machinery, mechanical appliances, & parts (€42.4k).

Growth In November 2024, the decrease in Portugal's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Salt, sulphur, cement, lime, stone, &... (€-801k or -36.9%), Pharmaceutical products (€-316k or -38.8%), and Chemical products n.e.s. (€-257k or -38.4%). In November 2024, the decrease in Portugal's year-by-year imports  from Cape Verde was explained primarily by an decrease in product imports  in Optical, photo, & film equipment; medical... (€-55.7k or -96%), Beverages, spirits, & vinegar (€-27.2k or -97.1%), and Iron & steel (€-10.9k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-669k(-1.96%)
IMPORT GROWTH (November 2023 - November 2024)€-501k(-48.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Cape Verde and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $536M to Cape Verde. The main products exported from Portugal to Cape Verde were Refined Petroleum ($129M), Cement ($34.2M), and Raw Iron Bars ($15.8M). During the last 5 years the exports of Portugal to Cape Verde have increased at an annualized rate of 8.28%, from $360M in 2018 to $536M in 2023.

In 2018, Cape Verde exported $14.1M to Portugal. The main products exported from Cape Verde to Portugal were Footwear Parts ($3.17M), Knit Men's Undergarments ($2.1M), and Knit T-shirts ($1.62M). During the last 5 years the exports of Cape Verde to Portugal have decreased at an annualized rate of 5.13%, from $18.4M in 2023 to $14.1M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Cape Verde
Top DestinationSpain$74.7M

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

In 2023, countries that imported more from Portugal than Cape Verde included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Cape Verde than Portugal included Togo ($11.6M).

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

Comparative Advantage Portugal - Cape Verde

Flow
Scale

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

During 2023, Portugal had a large net trade with Cape Verde in the exports of Mineral Products ($165M), Foodstuffs ($59.9M), and Machines ($51.7M).

During 2018, Cape Verde had a large net trade with Portugal in the exports of Textiles ($5.64M), Footwear and Headwear ($3.17M), and Machines ($1.6M).

Economic Complexity

Competitive Landscape

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

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

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