2023
Flag  
GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 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 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 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

South Africa-Cape Verde Trade: In 2023, South Africa exported $4.2M to Cape Verde. The main products that South Africa exported to Cape Verde were Delivery Trucks ($2.81M), Cars ($813k), and Citrus ($123k). Over the past 5 years the exports of South Africa to Cape Verde have increased at an annualized rate of 34.5%, from $954k in 2018 to $4.2M in 2023.

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

Cape Verde-South Africa Trade: In 2023, Cape Verde exported $520k to South Africa. The main products that Cape Verde exported to South Africa were Broadcasting Equipment ($247k), Insulated Wire ($126k), and Propylene Polymers ($112k). Over the past 5 years the exports of Cape Verde to South Africa have increased at an annualized rate of 76%,  from $30.8k in 2018 to $520k in 2023.

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

Comparison In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07),  and 34 in total exports ($154B). 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, South Africa exported $4.2M to Cape Verde. The main products exported from South Africa to Cape Verde were Delivery Trucks ($2.81M), Cars ($813k), and Citrus ($123k). During the last 5 years the exports of South Africa to Cape Verde have increased at an annualized rate of 34.5%, from $954k in 2018 to $4.2M in 2023.

In 2018, Cape Verde exported $520k to South Africa. The main products exported from Cape Verde to South Africa were Broadcasting Equipment ($247k), Insulated Wire ($126k), and Propylene Polymers ($112k). During the last 5 years the exports of Cape Verde to South Africa have increased at an annualized rate of 76%, from $30.8k in 2023 to $520k in 2018.

Exports from South Africa (Flag) to Cape Verde (Flag) (2023)

Exports from Cape Verde (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Cape Verde
Top Destination
Spain$74.7M

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

In 2023, countries that imported more from South Africa than Cape Verde included China ($29.5B), United States ($13B), and Germany ($10.8B).

In 2023, countries that imported more from Cape Verde than South Africa included Gibraltar ($2.69M).

Difference in imports from Cape Verde (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Cape Verde

Flow
Scale

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

During 2023, South Africa had a large net trade with Cape Verde in the exports of Transportation ($3.75M), Vegetable Products ($149k), and Chemical Products ($74.6k).

During 2018, Cape Verde had a large net trade with South Africa in the exports of Machines ($376k), Plastics and Rubbers ($143k), and Vegetable Products ($1.63k).

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Cape Verde (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with