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Pricing

2022
Flag → Flag
Exports $19.9MRnk 190 / 219
2022
Flag → Flag
Top Product $5.58MCars
2022
Flag → Flag
Exports $5.59MRnk 4 / 90
2022
Flag → Flag
Top Product $2.57MMolluscs
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP$2.31BCURRENT US$
Rnk 165 / 186
2012-2022
Flag
GDP GROWTH21%CURRENT US$
Rnk 119 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$3,903CURRENT US$
Rnk 122 / 186
2012-2022
Flag
GDP PC GROWTH8.91%CURRENT US$
Rnk 121 / 186

About

United States-Cape Verde Trade: In 2022, United States exported $19.9M to Cape Verde. The main products that United States exported to Cape Verde were Cars ($5.58M), Petroleum Gas ($3.19M), and Other Furniture ($755k). Over the past 5 years the exports of United States to Cape Verde have increased at an annualized rate of 8.68%, from $13.1M in 2017 to $19.9M in 2022.

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

Cape Verde-United States Trade: In 2022, Cape Verde exported $5.59M to United States. The main products that Cape Verde exported to United States were Molluscs ($2.57M), Processed Fish ($1.08M), and Hard Liquor ($354k). Over the past 5 years the exports of Cape Verde to United States have increased at an annualized rate of 10.1%,  from $3.46M in 2017 to $5.59M in 2022.

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

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Cape Verde to the United States. Conversely, were notable for importing products to Cape Verde from the United States.

Latest Trends

July, 2024

About

Overview In July 2024, United States exported $824k and imported $478k from Cape Verde, resulting in a positive trade balance of $346k. Between July 2023 and July 2024 the exports of United States have decreased by $-50.3M (-98.4%) from $51.2M to $824k, while imports increased by $25.5k (5.64%) from $452k to $478k.

Trade In July 2024, the top exports of United States to Cape Verde were Other Furniture ($251k), Commodities not elsewhere specified ($216k), Ethylene Polymers ($137k), Cars ($128k), and Special purpose motor vehicles ($97.6k). In July 2024 the top imports of United States from Cape Verde were Fish Fillets ($212k), Processed Fish ($113k), Valves ($10.6k), Telephones ($7.59k), and Commodities not elsewhere specified ($3.66k).

Origins In July 2024 the exports of United States were mainly from Massachusetts ($325k), Rhode Island ($60k), New Jersey ($59.3k), Michigan ($56.5k), and California ($49.9k), while imports destinations were mainly New Jersey ($194k), California ($147k), Florida ($99.8k), and Massachusetts ($35.2k).

Growth In July 2024, the decrease in United States's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Motor vehicles; parts and accessories (8701... ($-116k or -58%), Broadcasting Equipment ($-29k or -36.7%), and Video Displays ($-9.47k or -21.2%). In July 2024, the increase in United States's year-by-year imports  from Cape Verde was explained primarily by an increase in product imports  in Processed Fish ($20k or 21.3%) and Commodities not elsewhere specified ($1.79k or 95.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$-50.3M(-98.4%)
IMPORT GROWTH (July 2023 - July 2024)$25.5k(5.64%)
MAIN EXPORTER (July 2024)Massachusetts$325k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $19.9M to Cape Verde. The main products exported from United States to Cape Verde were Cars ($5.58M), Petroleum Gas ($3.19M), and Other Furniture ($755k). During the last 5 years the exports of United States to Cape Verde have increased at an annualized rate of 8.68%, from $13.1M in 2017 to $19.9M in 2022.

In 2017, Cape Verde exported $5.59M to United States. The main products exported from Cape Verde to United States were Molluscs ($2.57M), Processed Fish ($1.08M), and Hard Liquor ($354k). During the last 5 years the exports of Cape Verde to United States have increased at an annualized rate of 10.1%, from $3.46M in 2022 to $5.59M in 2017.

Exports from United States (Flag) to Cape Verde (Flag) (2022)

Exports from Cape Verde (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Cape Verde
Top DestinationSpain$51.3M

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

In 2022, countries that imported more from United States than Cape Verde included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Cape Verde than from United States.

Difference in imports from Cape Verde (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Cape Verde

Flow
Scale

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

During 2022, United States had a large net trade with Cape Verde in the exports of Transportation ($8.02M), Mineral Products ($3.22M), and Machines ($1.84M).

During 2017, Cape Verde had a large net trade with United States in the exports of Animal Products ($2.64M), Foodstuffs ($1.92M), and Miscellaneous ($404k).

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Cape Verde (Flag) (2022)

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