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Cape Verde

Cape Verde ranked No. 209 in total trade value through August with a total of $5.76 million. Exports totaled $2.92 million and Imports totaled $2.84 million, a surplus of $80,417.

January – August 2019

Top Trading Ports

Total Trade: $5.76 million

RankPortTotal YTD
1Port of Newark $1,392,064
2Port of Fall River, Mass. $627,462
3Port Miami $511,442
4Cleveland’s Hopkins International Airport, Ohio $472,252
5Chicago O’Hare International Airport $442,311
6Low-Valued Imports and Exports $422,187
7Port of Los Angeles $335,163
8Port of Long Beach $228,659
9Port of New York $217,264
10Port of Seattle, Wash. $181,734

U.S. trade with Cape Verde rose to $5.76 million through August

Cape Verde’s trade with the United States rose to $5.76 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 30.42 percent below its total trade during the same time period last year. U.S. exports to Cape Verde decreased 51.34 percent while U.S. imports from Cape Verde rose 24.69 percent. The U.S. surplus with Cape Verde was $80,417.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Fall River, Mass.; No. 3 Port Miami; No. 4 Cleveland’s Hopkins International Airport, Ohio; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Cleveland’s Hopkins International Airport, Ohio No. 2 Port of Newark No. 3 Port of New Orleans No. 4 Low-Valued Imports and Exports and No. 5 Port of Fall River, Mass.. In the current time period, the top five accounted for 59.82 percent of Cape Verde’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 6.47 percent to $1.39 million.
    Exports fell 37.03 percent to $783,778. Imports rose 869.09 percent to $608,286.
  • Trade with No. 2 Port of Fall River, Mass. fell 4.55 percent to $627,462.
    Exports totaled $6,800. Imports fell 5.58 percent to $620,662.
  • Trade with No. 3 Port Miami totaled $511,442.
    Exports totaled $82,352. Imports totaled $429,090.
  • Trade with No. 4 Cleveland’s Hopkins International Airport, Ohio fell 74.44 percent to $472,252.
    Exports fell 74.52 percent to $470,068. Imports fell 24.95 percent to $2,184.
  • Trade with No. 5 Chicago O’Hare International Airport rose 1252.88 percent to $442,311.
    Exports fell 0.16 percent to $30,252. Imports rose 17112 percent to $412,059.

Cape Verde ranked No. 209 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 206.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Cape Verde by value through August were the categories of Motor vehicle parts; Motor vehicles for transporting people; Low value shipments; Cell phones, related equipment; and X-ray apparatus, respectively. They accounted for 64.2 percent of total exports to Cape Verde.

The value of the top five categories of U.S. imports from Cape Verde –– Caviar, caviar substitutes, other prepared fish; Toys, children’s bicycles, games; Computers; Value added to a returned import; and Compressors and pumps –– accounted for 79.05 percent of all inbound shipments.

Looking more closely at U.S. exports to Cape Verde:

  • Motor vehicle parts fell 14.95 percent compared to last year to $466,346.
  • Motor vehicles for transporting people fell 6.83 percent compared to last year to $463,111.
  • Low value shipments fell 48.03 percent compared to last year to $422,187.
  • Cell phones, related equipment rose 9.52 percent compared to last year to $364,557.
  • X-ray apparatus rose 156.93 percent compared to last year to $158,526.

Looking more closely at U.S. imports from Cape Verde:

  • Caviar, caviar substitutes, other prepared fish rose 103.91 percent compared to last year to $1.32 million.
  • Toys, children’s bicycles, games totaled $314,086. The previous year, there were no imports in this category.
  • Computers rose 9409.77 percent compared to last year to $227,664.
  • Value added to a returned import rose 26.39 percent compared to last year to $193,360.
  • Compressors and pumps totaled $185,317. The previous year, there were no imports in this category.

In the latest annual figures available, Cape Verde recorded $12.7 million in trade with the United States. At year’s end, its were Boston; New York City; Cleveland; Low Value Shipments; and New Orleans. Total U.S. exports to Cape Verde were $ 9.15 million and imports from Cape Verde were $3.55 million. The U.S. surplus with Cape Verde was $5.61 million.