Cape Verde (CPV) and Nigeria (NGA) Trade | The Observatory of Economic Complexity

About

Cape Verde-Nigeria Trade: In 2022, Cape Verde exported $507 to Nigeria. The main products that Cape Verde exported to Nigeria were Broadcasting Equipment ($507). Over the past 5 years the exports of Cape Verde to Nigeria have decreased at an annualized rate of 76.7%, from $746k in 2017 to $507 in 2022.

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

Nigeria-Cape Verde Trade: In 2022, Nigeria exported $1.24k to Cape Verde. The main products that Nigeria exported to Cape Verde were Broadcasting Accessories ($1.24k). Over the past 5 years the exports of Nigeria to Cape Verde have decreased at an annualized rate of 33.8%, from $33.5k in 2017 to $1.24k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cape Verde exported $507 to Nigeria. The main products exported from Cape Verde to Nigeria were Broadcasting Equipment ($507). During the last 5 years the exports of Cape Verde to Nigeria have decreased at an annualized rate of 76.7%, from $746k in 2017 to $507 in 2022.

In 2017, Nigeria exported $1.24k to Cape Verde. The main products exported from Nigeria to Cape Verde were Broadcasting Accessories ($1.24k). During the last 5 years the exports of Nigeria to Cape Verde have decreased at an annualized rate of 33.8%, from $33.5k in 2022 to $1.24k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cape Verde
Top DestinationSpain$51.3M

Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Cape Verde than Nigeria included Cuba ($208k), Andorra ($1.04k), and Brunei ($1.37k).

In 2022, countries that imported more from Nigeria than Cape Verde included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Cape Verde - Nigeria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cape Verde had a large net trade with Nigeria in the exports of Machines ($507).

During 2017, Nigeria had a large net trade with Cape Verde in the exports of Machines ($1.24k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Cape Verde - Nigeria

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring