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Cape Verde Trade Summary

2019

Cape Verde exports, imports, tariff by year.
Cape Verde monthly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CAPE VERDE 2019

Overall Exports and Imports for Cape Verde 2019

Exports and imports of Cape Verde in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 62 million.
  • The total value of imports (CIF) was 790 million.
  • At the HS6 digit level, 58 products were exported to 16 countries and 3,248 products were imported from 88 countries.

Cape Verde top 5 Export and Import partners 2019

Top five countries to which Cape Verde exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Cape Verde exports to Spain worth US$ 41 million, with a partner share of 66.08 percent.
  2. Cape Verde exports to Portugal worth US$ 11 million, with a partner share of 17.18 percent.
  3. Cape Verde exports to Italy worth US$ 7 million, with a partner share of 11.20 percent.
  4. Cape Verde exports to United States worth US$ 2 million, with a partner share of 2.87 percent.
  5. Cape Verde exports to Germany worth US$ 0 million, with a partner share of 0.68 percent.

Top five countries from which Cape Verde imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Cape Verde imports from Portugal worth US$ 354 million, with a partner share of 44.80 percent.
  2. Cape Verde imports from Netherlands worth US$ 102 million, with a partner share of 12.94 percent.
  3. Cape Verde imports from Spain worth US$ 84 million, with a partner share of 10.63 percent.
  4. Cape Verde imports from China worth US$ 41 million, with a partner share of 5.17 percent.
  5. Cape Verde imports from Belgium worth US$ 26 million, with a partner share of 3.29 percent.

Cape Verde Top 5 Productsexports imports at HS 6 digit level 2019

The top five exported HS 6 digit level products to world by Cape Verde along with trade value are:

  1. Cape Verde exported Prepared or preserved mackerel (excl. minced) , worth 13,823.50 (US$ Thousands).
  2. Cape Verde exported Prepared or preserved fish (excl. minced), nes , worth 12,445.43 (US$ Thousands).
  3. Cape Verde exported Prepared or preserved tuna, skipjack and bonito , worth 10,898.17 (US$ Thousands).
  4. Cape Verde exported Frozen tunas, nes , worth 9,329.94 (US$ Thousands).
  5. Cape Verde exported Uppers and parts thereof (excl. stiffeners) , worth 3,290.97 (US$ Thousands).

The top five imported HS 6 digit level products from world by Cape Verde along with trade value are

  1. Cape Verde imported Petroleum oils, etc, (excl. crude); preparation , worth 86,650.81 (US$ Thousands).
  2. Cape Verde imported Semi-milled or wholly milled rice , worth 22,738.05 (US$ Thousands).
  3. Cape Verde imported Portland cement (excl. white) , worth 22,072.92 (US$ Thousands).
  4. Cape Verde imported Frozen cuts and offal of chicken (excl. livers) , worth 13,785.99 (US$ Thousands).
  5. Cape Verde imported Other medicaments of mixed or unmixed products, , worth 11,564.07 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Cape Verde in 2019 are below

  • The maximum rate of tariff in percentage on any product was 50 percent.
  • The simple average tariff across all products was 14.51 percent.
  • The trade weighted average tariff was 11.55 .
  • The total duty free imports in thousands of US dollars were 194,898.34 and duty free tariff line items share was 30.11 percent.

Development Indicators 2019

Key Development Indicators of Cape Verde in 2019 are below

  • Cape Verde GDP in current US dollar was 2,267 million.
  • GNI per capita, Atlas method (current US$) was 3,960.00 .
  • Cape Verde Trade balance: as % of GDP was -9.75.
  • Trade balance in current US$ was -221.00 million.
  • Trade as percentage of GDP was 103.25 .
  • Trade in services as percentage of GDP was 48.31 .

Trade Indicators 2019

Trade Indicators for Cape Verde in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.47.
  • Index of export market penetration was 1.30.
  • World Growth in percentage was -1.73 and Cape Verde Country Growth was -6.80 .