CAPE VERDE - BRAZIL'S 3RD LARGEST TRADING PARTNER
After Portugal and Angola, Cape Verde is the Portuguese-speaking country with the highest volume of commercial exchanges with Brazil. In 2007, business between Cape Verde and Brazil amounted to US$ 35.9 million.
All told, trade between Brazil and the other members of the Community of Portuguese-Language Countries (CPLP) stood at 4.374 billion US dollars last year, an increase of 28% over 2006.
According to data from the country’s Ministry of Development, Industry and Foreign Commerce, Brazil sent exports worth a total of 3.088 billion US dollars to Angola, Cape Verde, Guinea Bissau, Mozambique, Portugal, São Tomé and Príncipe and East Timor in 2007.
Imports from the other CPLP countries totaled 1.285 billion dollars, resulting in a positive balance of trade of US$ 1.802 billion for Brazil with regards to the Portuguese-language world.
Angola and Portugal alone account for 98% of CPLP commercial exchanges with Brazil.
Trade between Brazil and Angola in particular registered a significant increase over the past several years, doubling between 2006 and 2007. 2007’s figures were quadruple those registered in 2005.
Cape Verde comes in third place, followed by Guinea Bissau with US$ 27 million.
View Country Summary