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Cape Verde Trade Summary

2022

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 2022

Overall Exports and Imports for Cape Verde 2022

Exports and imports of Cape Verde in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 310 million.
  • The total value of imports (CIF) was 1,772 million.
  • At the HS6 digit level, 1,195 products were exported to 58 countries and 3,137 products were imported from 121 countries.

Cape Verde top 5 Export and Import partners 2022

Top five countries to which Cape Verde exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Cape Verde exports to Unspecified worth US$ 139 million, with a partner share of 44.84 percent.
  2. Cape Verde exports to Spain worth US$ 43 million, with a partner share of 13.88 percent.
  3. Cape Verde exports to Portugal worth US$ 37 million, with a partner share of 11.94 percent.
  4. Cape Verde exports to Netherlands worth US$ 21 million, with a partner share of 6.75 percent.
  5. Cape Verde exports to Togo worth US$ 19 million, with a partner share of 6.06 percent.

Top five countries from which Cape Verde imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Cape Verde imports from Portugal worth US$ 508 million, with a partner share of 28.66 percent.
  2. Cape Verde imports from Netherlands worth US$ 225 million, with a partner share of 12.72 percent.
  3. Cape Verde imports from United Arab Emirates worth US$ 190 million, with a partner share of 10.70 percent.
  4. Cape Verde imports from India worth US$ 155 million, with a partner share of 8.73 percent.
  5. Cape Verde imports from Belgium worth US$ 118 million, with a partner share of 6.65 percent.

Cape Verde Top 5 Productsexports imports at HS 6 digit level 2022

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 187,467.55 (US$ Thousands).
  2. Cape Verde exported Cargo containers designed to be carried by one , worth 32,466.48 (US$ Thousands).
  3. Cape Verde exported Prepared or preserved mackerel (excl. minced) , worth 13,771.37 (US$ Thousands).
  4. Cape Verde exported Prepared or preserved tuna, skipjack and bonito , worth 12,417.47 (US$ Thousands).
  5. Cape Verde exported Prepared or preserved fish (excl. minced), nes , worth 7,203.74 (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 922,576.04 (US$ Thousands).
  2. Cape Verde imported Portland cement (excl. white) , worth 38,265.10 (US$ Thousands).
  3. Cape Verde imported Cargo containers designed to be carried by one , worth 35,981.72 (US$ Thousands).
  4. Cape Verde imported Semi-milled or wholly milled rice , worth 30,447.82 (US$ Thousands).
  5. Cape Verde imported Frozen cuts and offal of chicken (excl. livers) , worth 18,152.80 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Cape Verde in 2022 are below

  • The maximum rate of tariff in percentage on any product was 55 percent.
  • The simple average tariff across all products was 14.32 percent.
  • The trade weighted average tariff was 12.56 .
  • The total duty free imports in thousands of US dollars were 80,273.20 and duty free tariff line items share was 17.12 percent.

Development Indicators 2022

Key Development Indicators of Cape Verde in 2022 are below

  • Cape Verde GDP in current US dollar was 2,315 million.
  • GNI per capita, Atlas method (current US$) was 4,140.00 .
  • Cape Verde Trade balance: as % of GDP was -18.52.
  • Trade balance in current US$ was -429.00 million.
  • Trade as percentage of GDP was 95.50 .
  • Trade in services as percentage of GDP was 35.40 .

Trade Indicators 2022

Trade Indicators for Cape Verde in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.33.
  • Index of export market penetration was 1.31.
  • World Growth in percentage was 5.18 and Cape Verde Country Growth was -13.46 .