Cabo Verde
Compare Cabo Verde →CV · CPV · BACI 132 · latest data 2024
Exports
= $80 M65.4% over 5 yrs (down)
Imports
= $1,024 M30.1% over 5 yrs (down)
Trade balancedeficit
= −$945 M
Total trade
= $1,104 M34.9% over 5 yrs (down)
- World position
- #194 of 225 exporters · bottom half · #180 of 225 importers · bottom half · 2024
- World export share since 1995
- ±0.0 pp
Trade timeline
Cabo Verde's exports grew from $11M in 1995 to $80M in 2024; the 2024 balance was −$945M.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 1995 | $11 M | $219 M | −$208 M | $231 M |
| 1996 | $17 M | $292 M | −$275 M | $309 M |
| 1997 | $71 M | $289 M | −$218 M | $360 M |
| 1998 | $51 M | $267 M | −$217 M | $318 M |
| 1999 | $39 M | $318 M | −$279 M | $357 M |
| 2000 | $52 M | $306 M | −$254 M | $358 M |
| 2001 | $17 M | $311 M | −$294 M | $328 M |
| 2002 | $24 M | $357 M | −$333 M | $380 M |
| 2003 | $22 M | $400 M | −$378 M | $422 M |
| 2004 | $24 M | $464 M | −$439 M | $488 M |
| 2005 | $107 M | $490 M | −$383 M | $598 M |
| 2006 | $145 M | $622 M | −$477 M | $767 M |
| 2007 | $123 M | $798 M | −$674 M | $921 M |
| 2008 | $50 M | $884 M | −$834 M | $934 M |
| 2009 | $126 M | $735 M | −$609 M | $861 M |
| 2010 | $196 M | $877 M | −$681 M | $1,073 M |
| 2011 | $206 M | $1,034 M | −$828 M | $1,240 M |
| 2012 | $191 M | $809 M | −$618 M | $1,001 M |
| 2013 | $135 M | $789 M | −$654 M | $923 M |
| 2014 | $106 M | $835 M | −$729 M | $941 M |
| 2015 | $85 M | $653 M | −$568 M | $739 M |
| 2016 | $102 M | $829 M | −$727 M | $931 M |
| 2017 | $104 M | $881 M | −$776 M | $985 M |
| 2018 | $127 M | $892 M | −$766 M | $1,019 M |
| 2019 | $230 M | $1,464 M | −$1,234 M | $1,694 M |
| 2020 | $100 M | $1,169 M | −$1,069 M | $1,268 M |
| 2021 | $193 M | $1,332 M | −$1,140 M | $1,525 M |
| 2022 | $190 M | $1,815 M | −$1,625 M | $2,006 M |
| 2023 | $163 M | $1,824 M | −$1,661 M | $1,987 M |
| 2024 | $80 M | $1,024 M | −$945 M | $1,104 M |
Trading partners
Portugal was Cabo Verde's top trading partner in 2024, at 40.7% of total trade; the top five partners covered 68.9%.
- Top partner share
- 40.7%
- Top-5 share
- 68.9%
- Partners
- 120
- Partner HHI (0–1)
- 0.195
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | Portugal | $11 M | $438 M | $449 M | −$426 M |
| #2 | Spain | $42 M | $99 M | $141 M | −$57 M |
| #3 | China | $0 M | $79 M | $79 M | −$79 M |
| #4 | Netherlands | $0 M | $49 M | $49 M | −$49 M |
| #5 | Brazil | $0 M | $42 M | $42 M | −$42 M |
| #6 | Italy | $11 M | $29 M | $39 M | −$18 M |
| #7 | France | $0 M | $32 M | $33 M | −$32 M |
| #8 | Australia | $0 M | $29 M | $29 M | −$29 M |
| #9 | United States | $4 M | $17 M | $21 M | −$13 M |
| #10 | Morocco | $0 M | $20 M | $20 M | −$20 M |
| #11 | Togo | $0 M | $18 M | $18 M | −$18 M |
| #12 | Belgium | $0 M | $17 M | $17 M | −$17 M |
| #13 | Senegal | $0 M | $14 M | $15 M | −$14 M |
| #14 | Saudi Arabia | $0 M | $12 M | $12 M | −$12 M |
| #15 | Angola | $0 M | $10 M | $10 M | −$10 M |
Products & sectors
Product composition of Cabo Verde's trade in 2024.
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The product table loads with the product data for 2024.
Concentration & risk
Cabo Verde's export partners diversified over 1995–2024 — HHI 0.437 → 0.324, a concentrated export base across 78 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 1995 | 0.437 | 0.316 | 31 | 40 |
| 1996 | 0.370 | 0.246 | 38 | 42 |
| 1997 | 0.294 | 0.173 | 52 | 83 |
| 1998 | 0.276 | 0.216 | 49 | 81 |
| 1999 | 0.252 | 0.201 | 40 | 96 |
| 2000 | 0.412 | 0.297 | 69 | 104 |
| 2001 | 0.313 | 0.188 | 56 | 96 |
| 2002 | 0.279 | 0.211 | 56 | 97 |
| 2003 | 0.335 | 0.192 | 58 | 107 |
| 2004 | 0.399 | 0.174 | 59 | 102 |
| 2005 | 0.107 | 0.178 | 82 | 105 |
| 2006 | 0.120 | 0.188 | 80 | 104 |
| 2007 | 0.146 | 0.184 | 88 | 104 |
| 2008 | 0.292 | 0.224 | 78 | 109 |
| 2009 | 0.160 | 0.196 | 90 | 113 |
| 2010 | 0.266 | 0.205 | 95 | 107 |
| 2011 | 0.205 | 0.176 | 96 | 111 |
| 2012 | 0.219 | 0.182 | 109 | 108 |
| 2013 | 0.271 | 0.193 | 91 | 102 |
| 2014 | 0.340 | 0.172 | 88 | 110 |
| 2015 | 0.329 | 0.198 | 95 | 115 |
| 2016 | 0.352 | 0.184 | 96 | 121 |
| 2017 | 0.289 | 0.192 | 95 | 114 |
| 2018 | 0.427 | 0.203 | 107 | 107 |
| 2019 | 0.203 | 0.198 | 117 | 121 |
| 2020 | 0.452 | 0.209 | 92 | 112 |
| 2021 | 0.300 | 0.162 | 113 | 117 |
| 2022 | 0.180 | 0.125 | 110 | 124 |
| 2023 | 0.237 | 0.128 | 101 | 120 |
| 2024 | 0.324 | 0.207 | 78 | 108 |
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