2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP
$2.53BCURRENT US$
Rnk 171 / 195
2013-2023
Flag
GDP GROWTH
24.9%CURRENT US$
Rnk 128 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC
$4,851CURRENT US$
Rnk 124 / 196
2013-2023
Flag
GDP PC GROWTH
22.5%CURRENT US$
Rnk 98 / 195

About

Singapore-Cape Verde Trade: In 2023, Singapore exported $1.02M to Cape Verde. The main products that Singapore exported to Cape Verde were Pasta ($929k), Antiknock ($54.1k), and Vinyl Chloride Polymers ($15.6k). Over the past 5 years the exports of Singapore to Cape Verde have increased at an annualized rate of 3.8%, from $849k in 2018 to $1.02M in 2023.

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

Cape Verde-Singapore Trade: In 2023, Cape Verde exported $953k to Singapore. The main products that Cape Verde exported to Singapore were Semiconductor Devices ($809k), Carboxylic Acids ($125k), and Other Plastic Products ($11k). Over the past 5 years the exports of Cape Verde to Singapore have increased at an annualized rate of 25.3%,  from $308k in 2018 to $953k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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, Singapore exported $1.02M to Cape Verde. The main products exported from Singapore to Cape Verde were Pasta ($929k), Antiknock ($54.1k), and Vinyl Chloride Polymers ($15.6k). During the last 5 years the exports of Singapore to Cape Verde have increased at an annualized rate of 3.8%, from $849k in 2018 to $1.02M in 2023.

In 2018, Cape Verde exported $953k to Singapore. The main products exported from Cape Verde to Singapore were Semiconductor Devices ($809k), Carboxylic Acids ($125k), and Other Plastic Products ($11k). During the last 5 years the exports of Cape Verde to Singapore have increased at an annualized rate of 25.3%, from $308k in 2023 to $953k in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Cape Verde (Flag)

Singapore Exports

Cape Verde Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Cape Verde
Top Destination
Spain$74.7M

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

In 2023, countries that imported more from Singapore than Cape Verde included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Cape Verde than Singapore included Togo ($11.6M) and Gibraltar ($2.69M).

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

Comparative Advantage Singapore - Cape Verde

Flow
Scale

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

During 2023, Singapore had a large net trade with Cape Verde in the exports of Foodstuffs ($929k), Chemical Products ($63k), and Plastics and Rubbers ($15.6k).

During 2018, Cape Verde had a large net trade with Singapore in the exports of Machines ($810k), Chemical Products ($125k), and Plastics and Rubbers ($11k).

Economic Complexity

Competitive Landscape

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

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

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