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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Cape Verde Balance of Trade

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).
Actual Previous Highest Lowest Dates Unit Frequency
-8077.70 -5799.90 -1864.74 -27692.99 1999 - 2022 CVE Million Monthly