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Cape Verde Trade Summary

2023

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 2023

Overall Exports and Imports for Cape Verde 2023

Exports and imports of Cape Verde in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 282 million.
  • The total value of imports (CIF) was 1,759 million.
  • At the HS6 digit level, 1,234 products were exported to 56 countries and 3,177 products were imported from 119 countries.

Cape Verde top 5 Export and Import partners 2023

Top five countries to which Cape Verde exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Cape Verde exports to Unspecified worth US$ 111 million, with a partner share of 39.35 percent.
  2. Cape Verde exports to Spain worth US$ 54 million, with a partner share of 19.22 percent.
  3. Cape Verde exports to Portugal worth US$ 41 million, with a partner share of 14.73 percent.
  4. Cape Verde exports to Togo worth US$ 12 million, with a partner share of 4.13 percent.
  5. Cape Verde exports to Netherlands worth US$ 11 million, with a partner share of 3.90 percent.

Top five countries from which Cape Verde imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Cape Verde imports from Portugal worth US$ 535 million, with a partner share of 30.41 percent.
  2. Cape Verde imports from Saudi Arabia worth US$ 202 million, with a partner share of 11.48 percent.
  3. Cape Verde imports from Spain worth US$ 146 million, with a partner share of 8.32 percent.
  4. Cape Verde imports from Netherlands worth US$ 145 million, with a partner share of 8.25 percent.
  5. Cape Verde imports from France worth US$ 110 million, with a partner share of 6.26 percent.

Cape Verde Top 5 Productsexports imports at HS 6 digit level 2023

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 171,668.42 (US$ Thousands).
  2. Cape Verde exported Cargo containers designed to be carried by one , worth 25,877.70 (US$ Thousands).
  3. Cape Verde exported Prepared or preserved mackerel (excl. minced) , worth 16,260.56 (US$ Thousands).
  4. Cape Verde exported Prepared or preserved tuna, skipjack and bonito , worth 12,335.16 (US$ Thousands).
  5. Cape Verde exported Prepared or preserved fish (excl. minced), nes , worth 11,772.55 (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 810,658.21 (US$ Thousands).
  2. Cape Verde imported Aircraft nes of an unladen weight exceeding 15, , worth 49,270.33 (US$ Thousands).
  3. Cape Verde imported Cargo containers designed to be carried by one , worth 36,262.16 (US$ Thousands).
  4. Cape Verde imported Portland cement (excl. white) , worth 33,709.45 (US$ Thousands).
  5. Cape Verde imported Semi-milled or wholly milled rice , worth 26,769.13 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Cape Verde in 2023 are below

  • The maximum rate of tariff in percentage on any product was 55 percent.
  • The simple average tariff across all products was 14.38 percent.
  • The trade weighted average tariff was 12.02 .
  • The total duty free imports in thousands of US dollars were 137,048.84 and duty free tariff line items share was 17.22 percent.

Development Indicators 2023

Key Development Indicators of Cape Verde in 2023 are below

  • Cape Verde GDP in current US dollar was 2,539 million.
  • GNI per capita, Atlas method (current US$) was 4,780.00 .
  • Cape Verde Trade balance: as % of GDP was -17.93.
  • Trade balance in current US$ was -455.00 million.
  • Trade as percentage of GDP was 94.58 .
  • Trade in services as percentage of GDP was 39.03 .

Trade Indicators 2023

Trade Indicators for Cape Verde in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.37.
  • Index of export market penetration was 1.30.
  • World Growth in percentage was -3.13 and Cape Verde Country Growth was 2.96 .