Cabo Verde-United Kingdom Bilateral Trade Analysis 2023
Complete trade statistics: $508,429 total volume •Cabo Verde surplus: $508,429
Cabo Verde → United Kingdom
$508,429
Exports (2023)
United Kingdom → Cabo Verde
$0
Imports (2023)
Trade Balance
$508,429
Surplus for Cabo Verde
Total Trade
$508,429
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cabo Verde and United Kingdom. Green line shows exports from Cabo Verde, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Cabo Verde-United Kingdom commercial relationship and competitive positioning in global markets.
Cabo Verde → United Kingdom Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cabo Verde's export portfolio to United Kingdom demonstrates strategic specialization, with chemical products, mixtures and preparations: n.e.c. heading 3824 representing a key competitive advantage in this bilateral market.
United Kingdom → Cabo Verde Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cabo Verde's import pattern from United Kingdom reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: liquefied, butanes, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cabo Verde demonstrates competitive strength in exportingchemical products, mixtures and preparations: n.e.c. heading 3824 to United Kingdom, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $508,429 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cabo Verde-United Kingdom Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $508.43 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Cabo Verde maintains a surplus of $508.43 thousand
- Export Focus: Cabo Verde's primary exports include chemical products, mixtures and preparations: n.e.c. heading 3824, tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion, containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport
- Import Dependencies: Key imports from United Kingdom include petroleum gases and other gaseous hydrocarbons: liquefied, butanes, furnaces and ovens: including incinerators, non-electric, for industrial or laboratory use, n.e.c. in heading no. 8417, aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $508,429 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Cabo Verde leveraging its comparative advantages in chemical products, mixtures and preparations: n.e.c. heading 3824.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Cabo Verde's specialization in chemical products, mixtures and preparations: n.e.c. heading 3824complements United Kingdom's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: liquefied, butanes.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $508,429 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $508,429 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $508.43 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in chemical products, mixtures and preparations: n.e.c. heading 3824 and petroleum gases and other gaseous hydrocarbons: liquefied, butanes demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cabo Verde's trade surplus of $508.43 thousand strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Cabo Verde and United Kingdom represents a total trade volume of $508.43 thousand in 2023. This partnership demonstrates a favorable trade balance for Cabo Verde, with exports exceeding importsby $508.43 thousand.
Export Strengths
Cabo Verde's exports to United Kingdom total $508.43 thousand, with competitive advantages in chemical products, mixtures and preparations: n.e.c. heading 3824, representing $61,745 or12.1% of bilateral exports.
Import Dependencies
Imports from United Kingdom amount to $0.00, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: liquefied, butanes, with Petroleum gases and other gaseous hydrocarbons: liquefied, butanes comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Cabo Verde's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Cabo Verde and United Kingdom in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023