2023
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GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH
-11.8%CURRENT US$
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2023
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 GDP
$2.53BCURRENT US$
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2013-2023
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GDP GROWTH
24.9%CURRENT US$
Rnk 128 / 195
2023
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GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC
$4,851CURRENT US$
Rnk 124 / 196
2013-2023
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GDP PC GROWTH
22.5%CURRENT US$
Rnk 98 / 195

About

Russia-Cape Verde Trade: In 2023, Russia exported $50.1k to Cape Verde. The main products that Russia exported to Cape Verde were Rolled Tobacco ($50.1k). Over the past 5 years the exports of Russia to Cape Verde have decreased at an annualized rate of 56.4%, from $3.2M in 2018 to $50.1k in 2023.

In 2020, Russia exported services to Cape Verde worth $37k, with Computer and information services ($36k) and Financial services ($1k) being the largest in terms of value.

Cape Verde-Russia Trade: In 2023, Cape Verde exported $24.3k to Russia. The main products that Cape Verde exported to Russia were N/A. Over the past 5 years the exports of Cape Verde to Russia have increased at an annualized rate of 97.4%,  from $810 in 2018 to $24.3k in 2023.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Cape Verde ranked 190 in total exports ($163M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $50.1k to Cape Verde. The main products exported from Russia to Cape Verde were Rolled Tobacco ($50.1k). During the last 5 years the exports of Russia to Cape Verde have decreased at an annualized rate of 56.4%, from $3.2M in 2018 to $50.1k in 2023.

In 2016, Cape Verde exported $24.3k to Russia. There were not main exports from Cape Verde to Russia in 2016. During the last 5 years the exports of Cape Verde to Russia have increased at an annualized rate of 97.4%, from $810 in 2021 to $24.3k in 2016.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Cape Verde
Top Destination
Spain$74.7M

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

In 2023, countries that imported more from Russia than Cape Verde included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Cape Verde than Russia included Gibraltar ($2.69M), South Korea ($427k), and Djibouti ($527k).

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

Comparative Advantage Russia - Cape Verde

Flow
Scale

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

During 2023, Russia had a large net trade with Cape Verde in the exports of Foodstuffs ($50.1k).

During 2016, Cape Verde had a large net trade with Russia in the exports of .

Economic Complexity

Competitive Landscape

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

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

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