Cape Verde
PRODUCT EXPORTS (2018)
$115M
RANK 187 OF 222
EXPORTS PER CAPITA (2018)
$212
RANK 26 OF 219
PRODUCT IMPORTS (2018)
$893M
RANK 174 OF 221
IMPORTS PER CAPITA (2018)
$1.64K
RANK 8 of 219
SERVICE EXPORTS (2017)
$639M
RANK 114 OF 139
SERVICE IMPORTS (2017)
$327M
RANK 126 OF 139
GDP (2018)
$1.98B
CURRENT US$
RANK 171 OF 196
GDP GROWTH (2008-2018)
10.5%
CURRENT US$
RANK 142 OF 196
GDP PC (2018)
$3,635
CURRENT US$
RANK 127 OF 196
GDP PC GROWTH (2008-2018)
-2.31%
CURRENT US$
RANK 154 OF 196
Overview: In 2018 Cape Verde was the number 171 economy in the world in terms of GDP (current US$), the number 187 in total exports, and the number 174 in total imports. In 2018, Cape Verde exported $115M and imported $893M, resulting in a negative trade balance of -$777M. In 2018, Cape Verde’s exports per capita were $212 and its imports per capita were $1.64k.
Trade: The top exports of Cape Verde are Processed Fish ($49.6M), Non-fillet Frozen Fish ($33.4M), Footwear Parts ($4.18M), Non-Knit Men’s Suits ($4.09M), and Molluscs ($3.53M). The top imports of Cape Verde are Refined Petroleum ($75.8M), Cars ($24.9M), Delivery Trucks($22.5M), Non-fillet Frozen Fish ($18.3M), and Cement ($17.4M).
Destinations: Cape Verde exports mostly to Spain ($70.9M), Portugal($16.6M), Italy ($10.6M), United States ($4.13M), and India ($2.83M), and imports mostly from Portugal ($346M), Spain ($146M), China($71.6M), Netherlands ($58.5M), and Belgium-Luxembourg ($44.8M).
Location: Cape Verde borders Gambia, Mauritania, and Senegal by sea.
Exports
In 2018 Cape Verde exported a total of $115M, making it the number 187 exporter in the world. During the last five reported years the exports of Cape Verde have changed by -$19.9M from $135M in 2013 to $115M in 2018.
The most recent exports are led by Processed Fish ($49.6M), Non-fillet Frozen Fish ($33.4M), Footwear Parts ($4.18M), Non-Knit Men’s Suits ($4.09M), and Molluscs ($3.53M).
Imports
In 2018 Cape Verde imported $893M, making it the number 174 trade destination in the world. During the last five reported years the imports of Cape Verde changed by $89M from $804M in 2013 to $893M in 2018.
The most recent imports of Cape Verde are led by Refined Petroleum ($75.8M), Cars ($24.9M), Delivery Trucks ($22.5M), Non-fillet Frozen Fish ($18.3M), and Cement ($17.4M).
Trade Balance
As of 2018 Cape Verde had a negative trade balance of $741M in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $206M in net imports.
Destinations
The most common destination for the exports of Cape Verde are Spain ($70.9M), Portugal ($16.6M), Italy ($10.6M), United States ($4.13M), and India ($2.83M).
Origins
The most common import partners for Cape Verde are Portugal ($346M), Spain ($146M), China ($71.6M), Netherlands ($58.5M), and Belgium-Luxembourg ($44.8M).