Cabo Verde
Africa
Trade in Cabo Verde
| Cabo Verde was the world’s 153rd largest exporter of goods and 122nd largest exporter of commercial services in 2021. Export values were $55 and $248 million USD respectively. Cabo Verde’s top export category was agricultural products, followed by manufactures, and fuels and mining products. In 2020, Cabo Verde’s main export destination markets for goods and services trade were to Spain, Portugal and Italy, with trade representing 84.69 per cent of GDP. In terms of imports, Cabo Verde is the world’s 149th largest importer of goods and 136th largest importer of commercial services. Import values were $821 and $209 million USD respectively in 2021. Cabo Verde’s top import category was manufactures, followed by agricultural products and fuels and mining products. Leading import partners were Portugal, Netherlands and Spain. Cabo Verde is part of 1 different Regional Trade Agreements, such as Economic Community of West African States (ECOWAS) . |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Cabo Verde |
Abbreviation |
CV |
Capital |
Praia |
WTO Membership Date |
23 July 2008 |
Legal System |
civil law system of Portugal |
Language |
Portuguese, Kabuverdianu |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Cape Verdean escudo |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Last Reviewed: June, 2023
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