Türkiye-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $24.87M total volume •Türkiye surplus: $24.87M
Türkiye → Cabo Verde
$24.87M
Exports (2023)
Cabo Verde → Türkiye
$0
Imports (2023)
Trade Balance
$24.87M
Surplus for Türkiye
Total Trade
$24.87M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and Cabo Verde. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-Cabo Verde commercial relationship and competitive positioning in global markets.
Türkiye → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to Cabo Verde demonstrates strategic specialization, 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 representing a key competitive advantage in this bilateral market.
Cabo Verde → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from Cabo Verde reveals significant dependencyin containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingpetroleum 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 to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $24.87M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Türkiye-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $24.87 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a surplus of $24.87 million
- Export Focus: Türkiye's primary exports 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, sanitary towels (pads) and tampons, napkins and napkin liners for babies and similar articles, of any material, iron or steel: structures and parts thereof, n.e.c. in heading 7308
- Import Dependencies: Key imports from Cabo Verde include containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport, engines: parts for internal combustion piston engines (excluding spark-ignition), engines: pneumatic power engines and motors, linear acting (cylinders)
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 $24.87M 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 Türkiye leveraging its comparative advantages 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.
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
Türkiye's specialization 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 oilscomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $24.87M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $24.87M 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 $24.87 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows 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 and containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade surplus of $24.87 million 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 Türkiye and Cabo Verde represents a total trade volume of $24.87 million in 2023. This partnership demonstrates a favorable trade balance for Türkiye, with exports exceeding importsby $24.87 million.
Export Strengths
Türkiye's exports to Cabo Verde total $24.87 million, with competitive advantages 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, representing $14.46M or58.1% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $0.00, highlighting economic interdependence in containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport, with Containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Türkiye'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 Türkiye and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023