Cape Verde recorded a trade deficit of 6274.90 CVE Million in June of 2019. Balance of Trade in Cape Verde averaged -5069.98 CVE Million from 1999 until 2019, reaching an all time high of -1864.74 CVE Million in February of 2004 and a record low of -27692.99 CVE Million in December of 2002.

Balance of Trade in Cape Verde is expected to be -5751.00 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Cape Verde to stand at -6325.00 in 12 months time. In the long-term, the Cape Verde Balance of Trade is projected to trend around -5712.13 CVE Million in 2020, according to our econometric models.

Cape Verde Balance of Trade
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Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -6274.90 -5974.90 -1864.74 -27692.99 CVE Million [+]
Current Account 2144.69 -1070.90 2144.69 -11803.10 CVE Million [+]
Current Account to GDP -4.50 -6.40 3.04 -16.20 percent [+]
Imports 6881.00 6388.00 32602.32 2004.13 CVE Million [+]
Exports 606.10 413.10 4909.34 37.30 CVE Million [+]
Remittances 1170.60 1176.10 2161.00 720.30 CVE Million [+]
Tourist Arrivals 179874.00 233721.00 312880.00 71246.00 [+]
Foreign Direct Investment 3140.50 2113.40 8369.50 -488.40 CVE Million [+]
Capital Flows 1649.60 -7139.76 2517.80 -9432.47 CVE Millions [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Cape Verde Balance of Trade

Cape Verde runs systemic trade deficits due to small export volume. The country’s main exports are fish (75 percent of total exports) and clothing (10 percent). Cape Verde is dependent on imports for fuel, food and machinery. Cape Verde main trading partners are Portugal (10 percent of total exports and 57 percent of imports) and Spain (86 percent of exports and 5 percent of imports). This page provides - Cape Verde Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6274.90 -5974.90 -1864.74 -27692.99 1999 - 2019 CVE Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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