Cape Verde (CPV) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Cape Verde-South Korea Trade: In 2022, Cape Verde exported $32.6k to South Korea. The main products that Cape Verde exported to South Korea were Integrated Circuits ($24.6k), Additive manufacturing machines ($2.53k), and Non-Knit Men's Suits ($1.53k). Over the past 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 20%, from $13.1k in 2017 to $32.6k in 2022.

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

South Korea-Cape Verde Trade: In 2022, South Korea exported $3.12M to Cape Verde. The main products that South Korea exported to Cape Verde were Cars ($2.71M), Other Office Machines ($130k), and Vinyl Chloride Polymers ($99.6k). Over the past 5 years the exports of South Korea to Cape Verde have decreased at an annualized rate of 4.66%, from $3.97M in 2017 to $3.12M in 2022.

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

Comparison In 2022, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cape Verde exported $32.6k to South Korea. The main products exported from Cape Verde to South Korea were Integrated Circuits ($24.6k), Additive manufacturing machines ($2.53k), and Non-Knit Men's Suits ($1.53k). During the last 5 years the exports of Cape Verde to South Korea have increased at an annualized rate of 20%, from $13.1k in 2017 to $32.6k in 2022.

In 2017, South Korea exported $3.12M to Cape Verde. The main products exported from South Korea to Cape Verde were Cars ($2.71M), Other Office Machines ($130k), and Vinyl Chloride Polymers ($99.6k). During the last 5 years the exports of South Korea to Cape Verde have decreased at an annualized rate of 4.66%, from $3.97M in 2022 to $3.12M in 2017.

Exports from Cape Verde () to South Korea () (2022)

Exports from South Korea () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

South Korea
Top DestinationChina$150B

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

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

In 2022, countries that imported more from South Korea than Cape Verde included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Cape Verde () (2022)

Comparative Advantage Cape Verde - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cape Verde had a large net trade with South Korea in the exports of Machines ($29.2k), Textiles ($1.53k), and Plastics and Rubbers ($1.49k).

During 2017, South Korea had a large net trade with Cape Verde in the exports of Transportation ($2.77M), Machines ($184k), and Plastics and Rubbers ($103k).

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 Cape Verde and South Korea. This means that a dot/product with the flag of Cape Verde indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Cape Verde.

About

Historical Data

Bilateral Trade by Products

Exports from Cape Verde () to South Korea () (2022)

Exports from South Korea () to Cape Verde () (2022)

Latest Data

Trade between Cape Verde () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Cape Verde () (2022)

Comparative Advantage Cape Verde - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cape Verde () and South Korea () (2022)

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