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Cape Verde

Cape Verde ranked No. 204 in total trade value through February with a total of $1.82 million. Exports totaled $991,923 and Imports totaled $831,714, a surplus of $160,209.

January – February 2019

Top Trading Ports

Total Trade: $1.82 million

RankPortTotal YTD
1Port of Newark $310,962
2Port Miami $214,290
3Port of Los Angeles $207,592
4Cleveland’s Hopkins International Airport, Ohio $194,982
5Port of Seattle, Wash. $181,734
6Port of Long Beach $158,526
7Low-Valued Imports and Exports $145,087
8Port of New Bedford, Mass. $125,575
9Port of New York $100,998
10John F. Kennedy International Airport $79,245

U.S. trade with Cape Verde rose to $1.82 million through February

Cape Verde’s trade with the United States rose to $1.82 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 4.76 percent above its total trade during the same time period last year. Cape Verde’s exports decreased 24.22 percent while imports rose 92.64 percent. The U.S. surplus with Cape Verde was $160,209.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port Miami; No. 3 Port of Los Angeles; No. 4 Cleveland’s Hopkins International Airport, Ohio; and No. 5 Port of Seattle, Wash.. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Boston No. 3 Port of Seattle, Wash. No. 4 Cleveland’s Hopkins International Airport, Ohio and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 60.84 percent of Cape Verde’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 357.3 percent to $310,962.
    Exports rose 220.94 percent to $218,239. Imports totaled $92,723.
  • Trade with No. 2 Port Miami totaled $214,290.
    There were no exports. Imports totaled $214,290.
  • Trade with No. 3 Port of Los Angeles rose 189.17 percent to $207,592.
    There were no exports. Imports rose 189.17 percent to $207,592.
  • Trade with No. 4 Cleveland’s Hopkins International Airport, Ohio rose 123.32 percent to $194,982.
    Exports rose 123.32 percent to $194,982. There were no imports.
  • Trade with No. 5 Port of Seattle, Wash. fell 4.12 percent to $181,734.
    There were no exports. Imports fell 4.12 percent to $181,734.

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. 204.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Cape Verde by value through February were the categories of Motor vehicles for transporting people; X-ray apparatus; Low value shipments; Cell phones, related equipment; and Motor vehicle parts, respectively. They accounted for 68.91 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; Compressors and pumps; Seats, excluding barber, dental; Candles; and Electromagnets, permanent magnets and parts –– accounted for 99.19 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 23.81 percent compared to last year to $160,498.
  • X-ray apparatus totaled $158,526. The previous year, there were no exports in this category.
  • Low value shipments rose 79.75 percent compared to last year to $145,087.
  • Cell phones, related equipment rose 48.49 percent compared to last year to $129,650.
  • Motor vehicle parts rose 25.06 percent compared to last year to $89,739.

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

  • Caviar, caviar substitutes, other prepared fish rose 657.28 percent compared to last year to $432,588.
  • Compressors and pumps totaled $185,317. The previous year, there were no imports in this category.
  • Seats, excluding barber, dental totaled $180,964. The previous year, there were no imports in this category.
  • Candles totaled $22,275. The previous year, there were no imports in this category.
  • Electromagnets, permanent magnets and parts totaled $3,840. 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.