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Cape Verde Trade Summary

2021

Cape Verde exports, imports, tariff by year.

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 2021

Overall Exports and Imports for Cape Verde 2021

Exports and imports of Cape Verde in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 235 million.
  • The total value of imports (CIF) was 1,282 million.
  • At the HS6 digit level, 1,116 products were exported to 59 countries and 3,130 products were imported from 114 countries.

Cape Verde top 5 Export and Import partners 2021

Top five countries to which Cape Verde exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Cape Verde exports to Spain worth US$ 67 million, with a partner share of 28.49 percent.
  2. Cape Verde exports to Unspecified worth US$ 67 million, with a partner share of 28.37 percent.
  3. Cape Verde exports to Portugal worth US$ 43 million, with a partner share of 18.45 percent.
  4. Cape Verde exports to Italy worth US$ 11 million, with a partner share of 4.83 percent.
  5. Cape Verde exports to Netherlands worth US$ 11 million, with a partner share of 4.66 percent.

Top five countries from which Cape Verde imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Cape Verde imports from Portugal worth US$ 462 million, with a partner share of 36.06 percent.
  2. Cape Verde imports from Spain worth US$ 175 million, with a partner share of 13.64 percent.
  3. Cape Verde imports from India worth US$ 122 million, with a partner share of 9.52 percent.
  4. Cape Verde imports from Netherlands worth US$ 101 million, with a partner share of 7.85 percent.
  5. Cape Verde imports from China worth US$ 77 million, with a partner share of 5.98 percent.

Cape Verde Top 5 Productsexports imports at HS 6 digit level 2021

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

  1. Cape Verde exported Petroleum oils, etc, (excl. crude); preparation , worth 90,700.29 (US$ Thousands).
  2. Cape Verde exported Cargo containers designed to be carried by one , worth 43,381.89 (US$ Thousands).
  3. Cape Verde exported Prepared or preserved mackerel (excl. minced) , worth 18,944.15 (US$ Thousands).
  4. Cape Verde exported Prepared or preserved tuna, skipjack and bonito , worth 12,308.79 (US$ Thousands).
  5. Cape Verde exported Frozen fish, nes , worth 9,217.94 (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 432,270.24 (US$ Thousands).
  2. Cape Verde imported Cargo containers designed to be carried by one , worth 73,468.08 (US$ Thousands).
  3. Cape Verde imported Portland cement (excl. white) , worth 36,360.26 (US$ Thousands).
  4. Cape Verde imported Semi-milled or wholly milled rice , worth 22,148.77 (US$ Thousands).
  5. Cape Verde imported Frozen cuts and offal of chicken (excl. livers) , worth 14,594.44 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Cape Verde in 2021 are below

  • The maximum rate of tariff in percentage on any product was 55 percent.
  • The simple average tariff across all products was 13.59 percent.
  • The trade weighted average tariff was 9.96 .
  • The total duty free imports in thousands of US dollars were 250,153.70 and duty free tariff line items share was 35.49 percent.

Development Indicators 2021

Key Development Indicators of Cape Verde in 2021 are below

  • Cape Verde GDP in current US dollar was 2,092 million.
  • GNI per capita, Atlas method (current US$) was 3,490.00 .
  • Cape Verde Trade balance: as % of GDP was -30.97.
  • Trade balance in current US$ was -648.00 million.
  • Trade as percentage of GDP was 76.97 .
  • Trade in services as percentage of GDP was 24.66 .

Trade Indicators 2021

Trade Indicators for Cape Verde in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.40.
  • Index of export market penetration was 1.28.
  • World Growth in percentage was 12.50 and Cape Verde Country Growth was 14.59 .