Cape Verde Balance of TradeFebruary 2023 Data - 1999-2022 Historical

Name: Cape Verde Balance of Trade
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Keywords: Cape Verde,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2022,2023,2024

Cape Verde recorded a trade deficit of 8077.70 CVE Million in August of 2022. source: Banco de Cabo Verde

Balance of Trade in Cape Verde averaged -5238.42 CVE Million from 1999 until 2022, 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. This page provides - Cape Verde Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Balance of Trade - values, historical data and charts - was last updated on March of 2023.

Balance of Trade in Cape Verde is expected to be -8770.00 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Balance of Trade is projected to trend around -6440.00 CVE Million in 2024 and -6650.00 CVE Million in 2025, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	-8077.70	-5799.90	CVE Million	Aug 2022
Current Account	-2768.34	647.28	CVE Million	Jun 2022
Current Account to GDP	-11.00	-15.90	percent of GDP	Dec 2021
Exports	584.90	343.80	CVE Million	Oct 2022
Imports	8846.30	10276.40	CVE Million	Oct 2022
Remittances	2439.00	2906.20	CVE Million	Sep 2022
Foreign Direct Investment	2618.10	2286.30	CVE Million	Jun 2022
Capital Flows	-3856.97	258.76	CVE Millions	Jun 2022

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).