According to resources, the total export to Cape Verde from India reached an estimated revenue of more than $4 Million by the year 2022.
Trade agreements have also been signed between both countries in order to support exports.
| Value in $Million | 2020-2021 | 2021-2022(Apr-Dec) |
| India Export to Cape Verde | 3 | 5 |
| India Import from Cape Verde | 2 | 3 |
| Total Trade | 5M | 8M |
Plastic, Pharmaceutical and Vehicles are the major exported products from India to Cape Verde at the present moment.
The E-commerce market in Cape Verde rising with a good growth rate and the main reason behind this development is the Internet penetration rate in Cape Verde which has reached more than 61% by 2022.
So, itβs a good scope for Indian exporters and sellers to grab the Cape Verde market whether through offline channels or online selling platforms & marketplaces in Cape Verde.