India (IND) and Cape Verde (CPV) Trade | The Observatory of Economic Complexity

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India-Cape Verde Trade: In 2022, India exported $11.2M to Cape Verde. The main products that India exported to Cape Verde were Refined Petroleum ($3.83M), Rice ($2.3M), and Raw Iron Bars ($1.64M). Over the past 5 years the exports of India to Cape Verde have increased at an annualized rate of 47.3%, from $1.61M in 2017 to $11.2M in 2022.

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

Cape Verde-India Trade: In 2022, Cape Verde exported $4.84M to India. The main products that Cape Verde exported to India were Scrap Iron ($2.81M), Scrap Copper ($1.34M), and Scrap Aluminium ($567k). Over the past 5 years the exports of Cape Verde to India have increased at an annualized rate of 10%, from $2.73M in 2017 to $4.84M in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Cape Verde ranked 196 in total exports ($92.2M), and does not have data regarding Economic Complexity Index.

Latest Trends

June, 2024

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Overview In June 2024, India exported $269k and imported $498k from Cape Verde, resulting in a negative trade balance of $229k. Between June 2023 and June 2024 the exports of India have decreased by $-89.8k (-25%) from $358k to $269k, while imports increased by $237k (90.6%) from $261k to $498k.

Trade In June 2024, the top exports of India to Cape Verde were Iron And Steel ($96.1k), Ceramics And Allied Products ($78.8k), Indl. Machnry For Dairy Etc ($38.7k), Other Commodities ($31.1k), and Agro Chemicals ($21.7k). In June 2024 the top imports of India from Cape Verde were Copper And Prdcts Made Of Copr ($118k), Aluminium, Products Of Aluminm ($50.9k), and Iron And Steel ($3.29k).

Growth In June 2024, the decrease in India's year-by-year exports to Cape Verde was explained primarily by an decrease in product exports in Iron And Steel ($-181k or -65.3%) and Products Of Iron And Steel ($-1.85k or -28.3%). In June 2024, the increase in India's year-by-year imports from Cape Verde was explained primarily by an increase in product imports in Copper And Prdcts Made Of Copr ($79.7k or 205%) and Aluminium, Products Of Aluminm ($37.1k or 268%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$-89.8k(-25%)

IMPORT GROWTH (June 2023 - June 2024)$237k(90.6%)

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

To check Cape Verde and India 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, India exported $11.2M to Cape Verde. The main products exported from India to Cape Verde were Refined Petroleum ($3.83M), Rice ($2.3M), and Raw Iron Bars ($1.64M). During the last 5 years the exports of India to Cape Verde have increased at an annualized rate of 47.3%, from $1.61M in 2017 to $11.2M in 2022.

In 2017, Cape Verde exported $4.84M to India. The main products exported from Cape Verde to India were Scrap Iron ($2.81M), Scrap Copper ($1.34M), and Scrap Aluminium ($567k). During the last 5 years the exports of Cape Verde to India have increased at an annualized rate of 10%, from $2.73M in 2022 to $4.84M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Cape Verde
Top DestinationSpain$51.3M

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

In 2022, countries that imported more from India than Cape Verde included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

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

Comparative Advantage India - Cape Verde

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Cape Verde in the exports of Mineral Products ($3.83M), Vegetable Products ($2.3M), and Metals ($1.7M).

During 2017, Cape Verde had a large net trade with India in the exports of Metals ($4.72M) and Chemical Products ($120k).

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 India and Cape Verde. This means that a dot/product with the flag of India 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 India.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage India - Cape Verde

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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