[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · CPV · 2024
Cabo Verde trade profile
In 2024, Cabo Verde recorded $79.7M in merchandise exports and $1.1B in imports, producing a $973.8M trade deficit. Exports changed -35.8% from the previous year, while imports changed -38.8%.[1]
Exports
$79.7M
-35.8%
Imports
$1.1B
-38.8%
Trade balance
-$973.8M
deficit
Active partners
270
0 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$55.2M
HS 16 · HS chapter
31 active HS6 lines · 8 export partners
2$3.7M
HS 61 · HS chapter
105 active HS6 lines · 23 export partners
3$2.7M
HS 64 · HS chapter
24 active HS6 lines · 14 export partners
4$2.5M
HS 72 · HS chapter
95 active HS6 lines · 2 export partners
5$2.3M
HS 84 · Machinery
422 active HS6 lines · 48 export partners
6$1.8M
HS 95 · HS chapter
28 active HS6 lines · 19 export partners
7$1.5M
HS 62 · HS chapter
111 active HS6 lines · 26 export partners
8$1.3M
HS 85 · Electrical machinery
256 active HS6 lines · 45 export partners
Leading export markets
Destinations rank bilateral export flows from Cabo Verde; growth describes each corridor rather than the whole economy.
1$45.6M
Spain
Annual change -17.4% · 3-year CAGR -15.2%
2$10.8M
Italy
Annual change +2.8% · 3-year CAGR 12.9%
3$9.6M
Portugal
Annual change -27.5% · 3-year CAGR -8.1%
4$4.3M
India
Annual change -12.0% · 3-year CAGR 5.4%
5$3.9M
United States
Annual change -46.2% · 3-year CAGR -10.1%
6$931.9K
United Kingdom
Annual change +146.1% · 3-year CAGR 23.2%
7$628.4K
Gambia
Annual change +7386.0% · 3-year CAGR 542.8%
8$411.1K
Canada
Annual change +64.2% · 3-year CAGR -2.7%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.