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Cape Verde

Cape Verde ranked No. 208 in total trade value through October with a total of $9.53 million. Exports totaled $6.98 million and Imports totaled $2.56 million, a surplus of $4.42 million.

January – October 2018

Top Trading Ports

Total Trade: $9.53 million

RankPortTotal YTD
1Cleveland’s Hopkins International Airport, Ohio $1,868,374
2Port of Newark $1,505,022
3Port of New Orleans $1,378,334
4Low-Valued Imports and Exports $899,312
5Port of Fall River, Mass. $748,365
6Port of Los Angeles $552,842
7Port of Boston $358,579
8Port of Seattle, Wash. $328,428
9Port of New York $282,837
10Port Everglades, Fla. $270,108

U.S. trade with Cape Verde rose to $9.53 million through October

Cape Verde’s trade with the United States rose to $9.53 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.32 percent below its total trade during the same time period last year. Cape Verde’s exports decreased 9.16 percent while imports fell 13.31 percent. The U.S. surplus with Cape Verde was $4.42 million.

Through October, the top five among the nation’s airports, seaports and border crossings 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.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Cleveland’s Hopkins International Airport, Ohio No. 3 Port of Boston No. 4 Low-Valued Imports and Exports and No. 5 Port of New Orleans. In the current time period, the top five accounted for 67.12 percent of Cape Verde’s U.S. trade.

Among those top five:

  • Trade with No. 1 Cleveland’s Hopkins International Airport, Ohio rose 43.18 percent to $1.87 million.
    Exports rose 42.96 percent to $1.87 million. Imports totaled $2,910.
  • Trade with No. 2 Port of Newark rose 173.6 percent to $1.51 million.
    Exports rose 303.13 percent to $1.44 million. Imports fell 67.36 percent to $62,769.
  • Trade with No. 3 Port of New Orleans rose 55.68 percent to $1.38 million.
    Exports rose 33.35 percent to $1.16 million. Imports rose 1578.04 percent to $214,772.
  • Trade with No. 4 Low-Valued Imports and Exports fell 0.24 percent to $899,312.
    Exports fell 0.24 percent to $899,312. There were no imports.
  • Trade with No. 5 Port of Fall River, Mass. fell 3.67 percent to $748,365.
    There were no exports. Imports fell 3.67 percent to $748,365.

Cape Verde ranked No. 208 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 201.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Cape Verde by value through October were the categories of Mounted optical elements, parts and accessories; Misc. vessels, including warships, lifeboats; Low value shipments; Motor vehicle parts; and Motor vehicles for transporting people, respectively. They accounted for 67.67 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; Bread, pastry, cakes; Women’s or girls’ slips; Coffee; and Value added to a returned import –– accounted for 63.04 percent of all inbound shipments.

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

  • Mounted optical elements, parts and accessories totaled $1.45 million. The previous year, there were no exports in this category.
  • Misc. vessels, including warships, lifeboats rose 60.99 percent compared to last year to $1.16 million.
  • Low value shipments fell 0.24 percent compared to last year to $899,312.
  • Motor vehicle parts rose 23.14 percent compared to last year to $685,395.
  • Motor vehicles for transporting people rose 98.84 percent compared to last year to $532,809.

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

  • Caviar, caviar substitutes, other prepared fish fell 0.11 percent compared to last year to $649,535.
  • Bread, pastry, cakes rose 135.36 percent compared to last year to $364,733.
  • Women’s or girls’ slips totaled $243,855. The previous year, there were no imports in this category.
  • Coffee rose 72.53 percent compared to last year to $189,551.
  • Value added to a returned import rose 784.94 percent compared to last year to $165,484.

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.