Cape Verde

Cape Verde ranked No. 204 in total trade value through May with a total of $5.53 million. Exports totaled $3.14 million and Imports totaled $2.39 million, a surplus of $753,033.

U.S. trade with Cape Verde rose to $3.9 million through May

Cape Verde’s trade with the United States rose to $3.9 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.14 percent above its total trade during the same time period last year. U.S. exports to Cape Verde increased 47.44 percent while U.S. imports from Cape Verde fell 28.37 percent. The U.S. surplus with Cape Verde was $1.58 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Port of Fall River, Mass.; No. 4 Miami Int’l Airport; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port Miami; No. 3 Cleveland’s Hopkins International Airport, Ohio; No. 4 Port of Fall River, Mass. and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 70.87 percent of Cape Verde’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 528.26 percent to $1.06 million.
    Exports fell 89.52 percent to $17,674. Imports rose 137810 percent to $1.05 million.
  • Trade with No. 2 Port of Newark rose 27.33 percent to $1.02 million.
    Exports rose 50.17 percent to $768,904. Imports fell 12.78 percent to $254,246.
  • Trade with No. 3 Port of Fall River, Mass. rose 102.13 percent to $738,294.
    Exports totaled $114,221. Imports rose 70.86 percent to $624,073.
  • Trade with No. 4 Miami Int’l Airport rose 1236.72 percent to $586,380.
    Exports rose 1236.72 percent to $586,380. There were no imports.
  • Trade with No. 5 Low-Valued Imports and Exports rose 72.03 percent to $508,373.
    Exports rose 72.03 percent to $508,373. There were no imports.

Cape Verde ranked No. 204 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 208.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Cape Verde by value through May were the categories of X-ray apparatus; Low value shipments; Motor vehicle parts; Chicken and other poultry; and Plastics, respectively. They accounted for 60.62 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; Cell phones, related equipment; Rum, gin, vodka, other liquors; Bread, pastry, cakes; and Compound Optical Microscopes; Parts & Accesso 9011 –– accounted for 95.08 percent of all inbound shipments.

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

  • X-ray apparatus rose 230.92 percent compared to last year to $524,598.
  • Low value shipments rose 72.03 percent compared to last year to $508,373.
  • Motor vehicle parts rose 32.1 percent compared to last year to $364,547.
  • Chicken and other poultry rose 1342.59 percent compared to last year to $299,064.
  • Plastics rose 864.22 percent compared to last year to $208,484.

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

  • Caviar, caviar substitutes, other prepared fish fell 13.55 percent compared to last year to $1.01 million.
  • Cell phones, related equipment rose 1413.75 percent compared to last year to $958,704.
  • Rum, gin, vodka, other liquors rose 172.81 percent compared to last year to $191,980.
  • Bread, pastry, cakes rose 66.53 percent compared to last year to $57,819.
  • Compound Optical Microscopes; Parts & Accesso 9011 totaled $56,844. The previous year, there were no imports in this category.

In the latest annual figures available, Cape Verde recorded $11.6 million in trade with the United States. Total U.S. exports to Cape Verde were $ 7.77 million and imports from Cape Verde were $3.83 million. The U.S. surplus with Cape Verde was $3.94 million.