Trade Trend

In 2023, Cape Verde's total export value is 100.12Million USD, total import value is 957.93Million USD, Deficit is -857.81Million USD, and foreign trade dependency is 0.409. In 2023，Cape Verde's top export products are Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs(57.20Million USD), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(9.11Million USD), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen(5.50Million USD), top export destinations are Spain(59.77Million USD), Portugal(11.27Million USD), Italy(11.15Million USD). In 2023, Cape Verde's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(144.15Million USD), None(50.88Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(19.90Million USD), top import origins are Portugal(389.75Million USD), Netherlands(141.06Million USD), China(103.23Million USD).

Comparing to 2022, Cape Verde's total export value increased 5.99Million USD(6.36%) in 2023, this could result from its export increases of products such as Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs(5.37Million USD or 10.35%), Molluscs; whether in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked molluscs, whether in shell or not, whether or not cooked before or during the smoking process(3.22Million USD or 54.56%), Fish fillets and other fish meat (whether or not minced); fresh, chilled or frozen(1.14Million USD or 26.10%) and export increases to countries/economics such as Spain(8.30Million USD or 16.13%), Italy(2.69Million USD or 31.77%), Denmark(927.31Thousands USD or 2.57Thousands%). Comparing to 2022, Cape Verde's total import value increased 58.45Million USD(6.50%) in 2023, this could result from its import increases of products such as None(50.77Million USD or 42.47Thousands%), Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents(17.68Million USD or 227.83Thousands%), Machinery and mechanical appliances; having individual functions, n.e.c. in this chapter(9.28Million USD or 481.60%), and its import increases from countries/economies such as United States(46.07Million USD or 294.26%), Netherlands(24.73Million USD or 21.26%), China(13.56Million USD or 15.13%).

Cumulated to first 7 months of 2024, Cape Verde's total export value is 17.80Million USD, total import value is 330.52Million USD, and tradedeficit is -312.72Million USD. Cumulated to first 7 months of 2024, Cape Verde's top export products are Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs(9.46Million USD), Ferrous waste and scrap; remelting scrap ingots of iron or steel(1.11Million USD), Footwear; parts of footwear; removable insoles, heel cushions and similar articles; gaiters, le.g.ings and similar articles, and parts thereof(858.60Thousands USD), and top export destinations are Spain(8.93Million USD), Portugal(3.85Million USD), United States(2.16Million USD). Cumulated to first 7 months of 2024, Cape Verde's top import products are Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs(9.46Million USD), Ferrous waste and scrap; remelting scrap ingots of iron or steel(1.11Million USD), Footwear; parts of footwear; removable insoles, heel cushions and similar articles; gaiters, le.g.ings and similar articles, and parts thereof(858.60Thousands USD), and top import origins arePortugal(128.33Million USD), China(45.03Million USD), Spain(43.01Million USD).