Ghana-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $3.53M total volume •Ghana deficit: $3.53M
Ghana → Cabo Verde
$0
Exports (2023)
Cabo Verde → Ghana
$3.53M
Imports (2023)
Trade Balance
$3.53M
Deficit for Ghana
Total Trade
$3.53M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ghana and Cabo Verde. Green line shows exports from Ghana, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Ghana-Cabo Verde commercial relationship and competitive positioning in global markets.
Ghana → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ghana's export portfolio to Cabo Verde demonstrates strategic specialization, with wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm representing a key competitive advantage in this bilateral market.
Cabo Verde → Ghana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ghana's import pattern from Cabo Verde reveals significant dependencyin petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ghana demonstrates competitive strength in exportingwood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $3.53M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Ghana-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $3.53 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Ghana maintains a deficit of $3.53 million
- Export Focus: Ghana's primary exports include wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm, wood: in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated, n.e.c. in heading no. 4403, military weapons: other than revolvers, pistols, and arms of heading 9307, n.e.c. in heading 9301
- Import Dependencies: Key imports from Cabo Verde include petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, jewellery: imitation, of other than base metal, whether or not plated with precious metal, head-bands, linings, covers, hat foundations, hat frames, peaks and chinstraps: for headgear
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 $3.53M 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 Ghana leveraging its comparative advantages in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm.
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
Ghana's specialization in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mmcomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $3.53M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $3.53M 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 $3.53 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm and petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ghana's trade deficit of $3.53 million 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 Ghana and Cabo Verde represents a total trade volume of $3.53 million in 2023. This partnership demonstrates an unfavorable trade balance for Ghana, with imports exceeding exportsby $3.53 million.
Export Strengths
Ghana's exports to Cabo Verde total $0.00, with competitive advantages in wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm, representing $329,584 orInfinity% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $3.53 million, highlighting economic interdependence in petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, with Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils comprising97.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Ghana'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 Ghana and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023