Italy-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $22.74M total volume •Italy surplus: $315,906
Italy → Cabo Verde
$11.53M
Exports (2023)
Cabo Verde → Italy
$11.21M
Imports (2023)
Trade Balance
$315,906
Surplus for Italy
Total Trade
$22.74M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Italy and Cabo Verde. Green line shows exports from Italy, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Italy-Cabo Verde commercial relationship and competitive positioning in global markets.
Italy → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
Italy's export portfolio to Cabo Verde demonstrates strategic specialization, with machinery: for filtering or purifying water representing a key competitive advantage in this bilateral market.
Cabo Verde → Italy Imports
Import Dependency Profile
📦 Import Strategy Analysis
Italy's import pattern from Cabo Verde reveals strategic sourcingin fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Italy demonstrates competitive strength in exportingmachinery: for filtering or purifying water to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $22.74M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Italy-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $22.74 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Italy maintains a surplus of $315.91 thousand
- Export Focus: Italy's primary exports include machinery: for filtering or purifying water, machinery: for filling, closing, sealing, capsuling or labelling bottles, cans, bags or other containers, machinery for aerating beverages, glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods
- Import Dependencies: Key imports from Cabo Verde include fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), fish preparations: fish prepared or preserved, whole or in pieces (but not minced), n.e.c. in heading no. 1604, fish preparations: mackerel, prepared or preserved, whole or in pieces (but not minced)
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 $22.74M 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 Italy leveraging its comparative advantages in machinery: for filtering or purifying water.
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
Italy's specialization in machinery: for filtering or purifying watercomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $22.74M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $22.74M 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 $22.74 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in machinery: for filtering or purifying water and fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Italy's trade surplus of $315.91 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 Italy and Cabo Verde represents a total trade volume of $22.74 million in 2023. This partnership demonstrates a favorable trade balance for Italy, with exports exceeding importsby $315.91 thousand.
Export Strengths
Italy's exports to Cabo Verde total $11.53 million, with competitive advantages in machinery: for filtering or purifying water, representing $684,910 or5.9% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $11.21 million, highlighting economic interdependence in fish preparations: tunas, skipjack and atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced), with Fish preparations: tunas, skipjack and Atlantic bonito (sarda spp.), prepared or preserved, whole or in pieces (but not minced) comprising93.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Italy'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 Italy and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023