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.

Cape Verde Balance of Trade
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Cape Verde Trade Last Previous Highest Lowest Unit
Balance of Trade -6309.50 -6274.90 -1864.74 -27692.99 CVE Million [+]
Current Account -2033.35 3012.11 3012.11 -11803.10 CVE Million [+]
Current Account to GDP -4.50 -6.40 3.04 -16.20 percent [+]
Imports 6966.00 6881.00 32602.32 2004.13 CVE Million [+]
Exports 656.50 606.10 4909.34 37.30 CVE Million [+]
Remittances 1570.50 1415.86 2034.16 523.08 CVE Million [+]
Tourist Arrivals 179874.00 233721.00 312880.00 71246.00 [+]
Foreign Direct Investment 1076.10 3141.30 8369.50 -488.40 CVE Million [+]
Capital Flows -2380.67 2215.88 2517.80 -9432.47 CVE Millions [+]


Cape Verde Balance of Trade

Cape Verde runs systemic trade deficits due to small export volume. The country’s main exports are fish (75 percent of total exports) and clothing (10 percent). Cape Verde is dependent on imports for fuel, food and machinery. Cape Verde main trading partners are Portugal (10 percent of total exports and 57 percent of imports) and Spain (86 percent of exports and 5 percent of imports). This page provides - Cape Verde Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cape Verde Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6309.50 -6274.90 -1864.74 -27692.99 1999 - 2019 CVE Million Monthly




Country Last Previous
Argentina 1168.00 Aug/19
Australia 5926.00 Aug/19
Brazil 2250.00 Sep/19
Canada -955.30 Aug/19
China 396.50 Sep/19
Euro Area 24789.70 Jul/19
France -5019.00 Aug/19
Germany 16205.00 Aug/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico 775.00 Aug/19
Netherlands 3879.00 Aug/19
Russia 12006.00 Aug/19
Saudi Arabia 127500.00 Jun/19
Singapore 3787.85 Aug/19
South Africa 6842.94 Aug/19
South Korea 5973.00 Sep/19
Spain -2490000.00 Jul/19
Switzerland 1152.71 Aug/19
Turkey -2500.39 Aug/19
United Kingdom -1546.00 Aug/19
United States -54896.00 Aug/19


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