United Kingdom-Cabo Verde Bilateral Trade Analysis 2023
Complete trade statistics: $508,429 total volume •United Kingdom deficit: $508,429
United Kingdom → Cabo Verde
$0
Exports (2023)
Cabo Verde → United Kingdom
$508,429
Imports (2023)
Trade Balance
$508,429
Deficit for United Kingdom
Total Trade
$508,429
Combined Volume
Trade Flow Visualization
Direct trade relationship between United Kingdom and Cabo Verde. Green line shows exports from United Kingdom, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the United Kingdom-Cabo Verde commercial relationship and competitive positioning in global markets.
United Kingdom → Cabo Verde Exports
Export Market Intelligence
🎯 Strategic Export Focus
United Kingdom's export portfolio to Cabo Verde demonstrates strategic specialization, with petroleum gases and other gaseous hydrocarbons: liquefied, butanes representing a key competitive advantage in this bilateral market.
Cabo Verde → United Kingdom Imports
Import Dependency Profile
📦 Import Strategy Analysis
United Kingdom's import pattern from Cabo Verde reveals significant dependencyin chemical products, mixtures and preparations: n.e.c. heading 3824, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
United Kingdom demonstrates competitive strength in exportingpetroleum gases and other gaseous hydrocarbons: liquefied, butanes to Cabo Verde, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $508,429 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: United Kingdom-Cabo Verde Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $508.43 thousandrepresenting a significant bilateral economic relationship
- Trade Balance: United Kingdom maintains a deficit of $508.43 thousand
- Export Focus: United Kingdom's primary exports include petroleum gases and other gaseous hydrocarbons: liquefied, butanes, furnaces and ovens: including incinerators, non-electric, for industrial or laboratory use, n.e.c. in heading no. 8417, aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803
- Import Dependencies: Key imports from Cabo Verde include chemical products, mixtures and preparations: n.e.c. heading 3824, tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion, containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport
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 $508,429 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 United Kingdom leveraging its comparative advantages in petroleum gases and other gaseous hydrocarbons: liquefied, butanes.
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
United Kingdom's specialization in petroleum gases and other gaseous hydrocarbons: liquefied, butanescomplements Cabo Verde's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in chemical products, mixtures and preparations: n.e.c. heading 3824.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $508,429 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $508,429 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 $508.43 thousand bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in petroleum gases and other gaseous hydrocarbons: liquefied, butanes and chemical products, mixtures and preparations: n.e.c. heading 3824 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
United Kingdom's trade deficit of $508.43 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 United Kingdom and Cabo Verde represents a total trade volume of $508.43 thousand in 2023. This partnership demonstrates an unfavorable trade balance for United Kingdom, with imports exceeding exportsby $508.43 thousand.
Export Strengths
United Kingdom's exports to Cabo Verde total $0.00, with competitive advantages in petroleum gases and other gaseous hydrocarbons: liquefied, butanes, representing $2.16M orInfinity% of bilateral exports.
Import Dependencies
Imports from Cabo Verde amount to $508.43 thousand, highlighting economic interdependence in chemical products, mixtures and preparations: n.e.c. heading 3824, with Chemical products, mixtures and preparations: n.e.c. heading 3824 comprising12.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates United Kingdom'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 United Kingdom and Cabo Verde in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023