Singapore-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $952,716 total volume •Singapore deficit: $952,716
Singapore → Cabo Verde
$0
Exports (2023)
Cabo Verde → Singapore
$952,716
Imports (2023)
Trade Balance
$952,716
Deficit for Singapore
Total Trade
$952,716
Combined Volume
Trade Flow Visualization
Direct trade relationship between Singapore and Cabo Verde. Green line shows exports from Singapore, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Singapore-Cabo Verde commercial relationship and competitive positioning in global markets.
Singapore → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
Singapore's export portfolio to Cabo Verde demonstrates strategic specialization, with food preparations: pasta (excluding stuffed), cooked or otherwise prepared representing a key competitive advantage in this bilateral market.
Cabo Verde → Singapore Imports
Import Dependency Profile
📦 Import Strategy Analysis
Singapore's import pattern from Cabo Verde reveals significant dependencyin electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Singapore demonstrates competitive strength in exportingfood preparations: pasta (excluding stuffed), cooked or otherwise prepared to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $952,716 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Singapore-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $952.72 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: Singapore maintains a deficit of $952.72 thousand
- Export Focus: Singapore's primary exports include food preparations: pasta (excluding stuffed), cooked or otherwise prepared, oxidation and gum inhibitors, viscosity improvers, anti-corrosive preparations, other prepared additives for mineral oils or liquids used as mineral oils (including gasoline), n.e.c. in heading no. 3811, vinyl chloride, other halogenated olefin polymers: n.e.c. in heading no. 3904
- Import Dependencies: Key imports from Cabo Verde include electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), acids: carboxylic acids, (with aldehyde or ketone function but without other oxygen function), their anhydrides, halides, peroxides, peroxyacids and their derivatives, plastics: other articles n.e.c. in chapter 39
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 $952,716 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 Singapore leveraging its comparative advantages in food preparations: pasta (excluding stuffed), cooked or otherwise prepared.
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
Singapore's specialization in food preparations: pasta (excluding stuffed), cooked or otherwise preparedcomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $952,716 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $952,716 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 $952.72 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in food preparations: pasta (excluding stuffed), cooked or otherwise prepared and electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Singapore's trade deficit of $952.72 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 Singapore and Cabo Verde represents a total trade volume of $952.72 thousand in 2023. This partnership demonstrates an unfavorable trade balance for Singapore, with imports exceeding exportsby $952.72 thousand.
Export Strengths
Singapore's exports to Cabo Verde total $0.00, with competitive advantages in food preparations: pasta (excluding stuffed), cooked or otherwise prepared, representing $928,651 orInfinity% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $952.72 thousand, highlighting economic interdependence in electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), with Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (LED) comprising84.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Singapore'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 Singapore and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023