Cape Verde recorded a trade deficit of 6309.50 CVE Million in July of 2019. Balance of Trade in Cape Verde averaged -5076.34 CVE Million from 1999 until 2019, 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.
Balance of Trade in Cape Verde is expected to be -5751.00 CVE Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Cape Verde to stand at -6325.00 in 12 months time. In the long-term, the Cape Verde Balance of Trade is projected to trend around -5712.13 CVE Million in 2020, according to our econometric models.