Chile-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $616,714 total volume •Chile deficit: $616,714
Chile → Cabo Verde
$0
Exports (2023)
Cabo Verde → Chile
$616,714
Imports (2023)
Trade Balance
$616,714
Deficit for Chile
Total Trade
$616,714
Combined Volume
Trade Flow Visualization
Direct trade relationship between Chile and Cabo Verde. Green line shows exports from Chile, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Chile-Cabo Verde commercial relationship and competitive positioning in global markets.
Chile → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
Chile's export portfolio to Cabo Verde demonstrates strategic specialization, with fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit representing a key competitive advantage in this bilateral market.
Cabo Verde → Chile Imports
Import Dependency Profile
📦 Import Strategy Analysis
Chile's import pattern from Cabo Verde reveals significant dependencyin fungicides: other than containing goods specified in subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Chile demonstrates competitive strength in exportingfruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $616,714 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Chile-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $616.71 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Chile maintains a deficit of $616.71 thousand
- Export Focus: Chile's primary exports include fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit, fruit, edible: grapes, fresh, fruit, edible: pears, fresh
- Import Dependencies: Key imports from Cabo Verde include fungicides: other than containing goods specified in subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles, taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves, mountings, fittings and similar articles: suitable for other than buildings or furniture, of base metal
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 $616,714 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 Chile leveraging its comparative advantages in fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit.
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
Chile's specialization in fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spiritcomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fungicides: other than containing goods specified in subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $616,714 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $616,714 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 $616.71 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit and fungicides: other than containing goods specified in subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Chile's trade deficit of $616.71 thousand impacts 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 Chile and Cabo Verde represents a total trade volume of $616.71 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Chile, with imports exceeding exportsby $616.71 thousand.
Export Strengths
Chile's exports to Cabo Verde total $0.00, with competitive advantages in fruit: peaches, including nectarines, prepared or preserved in ways n.e.c. in heading no. 2007 and 2008, whether or not containing added sugar, other sweetening matter or spirit, representing $253,440 orInfinity% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $616.71 thousand, highlighting economic interdependence in fungicides: other than containing goods specified in subheading note 1 to this chapter: put up in forms or packings for retail sale or as preparations or articles, with Fungicides: other than containing goods specified in Subheading Note 1 to this Chapter: put up in forms or packings for retail sale or as preparations or articles comprising94.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Chile's strategic sourcing from Cabo Verde. 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 Chile and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023