Norway (NOR) and Cape Verde (CPV) Trade | The Observatory of Economic Complexity

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Norway-Cape Verde Trade: In 2022, Norway exported $1.58M to Cape Verde. The main products that Norway exported to Cape Verde were Petroleum Gas ($1.21M), Combustion Engines ($65.6k), and Animal Food ($33.3k). Over the past 5 years the exports of Norway to Cape Verde have increased at an annualized rate of 77.6%, from $89.7k in 2017 to $1.58M in 2022.

In 2022, Norway did not export any services to Cape Verde.

Cape Verde-Norway Trade: In 2022, Cape Verde exported $256k to Norway. The main products that Cape Verde exported to Norway were Surveying Equipment ($223k), Other Measuring Instruments ($32.7k), and Scent Sprays ($665). Over the past 5 years the exports of Cape Verde to Norway have increased at an annualized rate of 31.2%, from $9.81k in 2017 to $256k in 2022.

In 2022, Cape Verde did not export any services to Norway.

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

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Overview In July 2024, Norway exported NOK640k and imported NOK0 from Cape Verde, resulting in a positive trade balance of NOK640k. Between July 2023 and July 2024 the exports of Norway have increased by NOK365k (133%) from NOK275k to NOK640k, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In July 2024, the top exports of Norway to Cape Verde were Power-generating machinery and equipment (NOK119k), General industrial machinery and equipment, n.e.s.,... (NOK9k), Manufactures of metals, n.e.s. (NOK4k), Rubber manufactures, n.e.s. (NOK3k), and Live animals other than animals of... (NOK0). In July 2024 the top imports of Norway from Cape Verde were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In July 2024, the increase in Norway's year-by-year exports to Cape Verde was explained primarily by an increase in product exports in . In July 2024, the change in Norway's year-by-year imports from Cape Verde was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)NOK365k(133%)

IMPORT GROWTH (July 2023 - July 2024)NOK0(N/A%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Cape Verde and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $1.58M to Cape Verde. The main products exported from Norway to Cape Verde were Petroleum Gas ($1.21M), Combustion Engines ($65.6k), and Animal Food ($33.3k). During the last 5 years the exports of Norway to Cape Verde have increased at an annualized rate of 77.6%, from $89.7k in 2017 to $1.58M in 2022.

In 2017, Cape Verde exported $256k to Norway. The main products exported from Cape Verde to Norway were Surveying Equipment ($223k), Other Measuring Instruments ($32.7k), and Scent Sprays ($665). During the last 5 years the exports of Cape Verde to Norway have increased at an annualized rate of 31.2%, from $9.81k in 2022 to $256k in 2017.

Exports from Norway () to Cape Verde () (2022)

Exports from Cape Verde () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Cape Verde
Top DestinationSpain$51.3M

This map shows whether countries import more from Norway or Cape Verde. Each country is colored based on the difference in imports they receive from Norway and Cape Verde or the difference in the growth in imports.

In 2022, countries that imported more from Norway than Cape Verde included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, no countries were registered that imported more from Cape Verde than from Norway.

Difference in imports from Cape Verde () and Norway () (2022)

Comparative Advantage Norway - Cape Verde

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Norway and Cape Verde by product, considering products traded by both, Norway and Cape Verde.

During 2022, Norway had a large net trade with Cape Verde in the exports of Mineral Products ($1.21M), Machines ($127k), and Stone And Glass ($61.5k).

During 2017, Cape Verde had a large net trade with Norway in the exports of Instruments ($256k) and Miscellaneous ($665).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Norway and Cape Verde. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Cape Verde. Similarly, a dot/product with the flag of Cape Verde indicates it has a comparative advantage over Norway.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Cape Verde () (2022)

Exports from Cape Verde () to Norway () (2022)

Market Competitiveness

Difference in imports from Cape Verde () and Norway () (2022)

Comparative Advantage Norway - Cape Verde

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Norway () and Cape Verde () (2022)

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