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Exports In 2023, Cape Verde exported $38.2M in Refined Petroleum, making it the 127th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Cape Verde. The main destination of Refined Petroleum exports from Cape Verde are: Togo ($11.6M), India ($5.37M), United Arab Emirates ($5.36M), Ghana ($3.44M), and Malaysia ($3.13M).

The fastest growing export markets for Refined Petroleum of Cape Verde between 2022 and 2023 were India ($5.34M), Ghana ($3.44M), and Malaysia ($3.13M).

Imports In 2023, Cape Verde imported $811M in Refined Petroleum, becoming the 117th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Cape Verde. Cape Verde imports Refined Petroleum primarily from: Saudi Arabia ($202M), Portugal ($129M), Netherlands ($115M), France ($92M), and United Arab Emirates ($71M).

The fastest growing import markets in Refined Petroleum for Cape Verde between 2022 and 2023 were Saudi Arabia ($202M), France ($92M), and China ($37.2M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Refined Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$38.2M
IMPORTS (2023)$811M
NET TRADE (2023)-$772M

In 2023, Cape Verde exported $38.2M in Refined Petroleum. The main destinations of Cape Verde exports on Refined Petroleum were Togo ($11.6M), India ($5.37M), United Arab Emirates ($5.36M), Ghana ($3.44M), and Malaysia ($3.13M).

In 2023, Cape Verde imported $811M in Refined Petroleum, mainly from Saudi Arabia ($202M), Portugal ($129M), Netherlands ($115M), France ($92M), and United Arab Emirates ($71M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Cape Verde WERE (2022 - 2023):
India$5.34M (18.3k%)
Ghana$3.44M (1%)
Malaysia$3.13M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Cape Verde WERE (2022 - 2023):
Togo-$7.14M (-38%)
Gibraltar-$4.02M (-60%)
Kuwait-$3.86M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Cape Verde's main exporting competitors in Refined Petroleum were:
In 2023, Cape Verde's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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