CAPE VERDE JUNE

2012

INTERNATIONAL SUPPORT KIT OF OPPORTUNITIES

The Country's Economic Context Industry Structure International Trade, Bilateral Trade with Portugal and Opportunities BES Group’s Internationalisation Support: International Premium Unit

BES Group's International Offering Contacts

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

CABO VERDE

Business environment and key factors

Business environment Ease of doing business

119/183

(Doing Business 2012 ranking)

Starting a business Cross-border trade Contract fulfillment Economic Freedom

131/183 61/183 37/183 66/179

(Economic Freedom 2012 ranking)

Competitiveness

119/142

(Global Competitiveness Index 2011-2012 ranking)

Basic Requirements Infrastructure Institutions

96/142 109/142 54/142

Efficiency Enhancers

126/142

Innovation and Sophistication

124/142

Cosec (Risk group)

Praia

5

Grade 1 (lowest risk) to 7 (highest risk)

Standard & Poor´s (Rating) (AAA rating (lowest risk) to D (highest risk, default))

Long term debt in local currency Long term debt in foreign currency Outlook

B+ B+ Stable

Capital: Praia Population (Thousands): 520 (2011) Time Zone: GMT - 1 Type of Government: Semi-presidentialist republic

Official Language: Portuguese Area: 4 033 km2 (10 islands) Currency: Cape Verde Escudo (CVE, fixed exchange rate EUR/110.3 CVE) Religion: Christian Majority (Catholics, 95%)

Sources: IMF, World Bank, INE Cabo Verde, COSEC, World Economic Forum, Global Heritage, Bloomberg.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

03

CAPE VERDE

Macroeconomic Indicators 2011

2012E

1.3

1.4

5.2

10.3

2010 GDP

2013E

2014E

1.5

1.6

1.7

5.0

4.3

4.4

4.5

10.0

10.0

10.0

9.0

2.1

2.0

2.1

Current prices EUR billion

GDP real growth rate Percentage

Unemployment Rate Percentage of working population

Inflation Rate

2.1

4.5

Percentage

Exchange Rate

110.3

110.3

110.3

110.3

110.3

-12.5

-12.5

-12.1

-10.5

-9.3

-10.6

-8.9

-8.8

-7.4

-6.8

EUR/MOP

Current Account Percentage of GDP

Fiscal Balance Percentage of GDP E

Estimates Sources: INE Cabo Verde, Banco de Cabo Verde, IMF.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

04

CAPE VERDE

Economic summary (I)

Cape Verde is a small open economy, which is very dependent on the external influences given its high dependence on imported food and energy and on capital inflows from overseas (e.g. emigrants remittances and aid). It has an economy based on services, which represent over 70% of GDP. The industrial base is not well developed (being essentially limited to the textile, footwear and fishing industries). Following a series of economic imbalances in 2000, the economic situation in Cape Verde improved considerably in subsequent years, benefitting from a favourable external environment and adequate economic policies (including a reform of the taxation system, a privatisation program and a combination of monetary and foreign exchange policies that helped stabilize the economy). The slowdown in the rate of growth of Cape Verde’s economy in 2009, largely due to the negative impact of the global financial crisis, was quickly overcome in 2010 and 2011, and an annual average growth rate close to 4.5% is expected between 2012 and 2014. The results achieved by Cape Verde on the economic front have merited the applause of the main international institutions. The World Bank’s ease of doing business survey, Doing Business 2012 (DB 2012), ranks Cape Verde ten positions higher than in the prior year, the fifth biggest improvement worldwide, at 119 out of 183 countries analyzed. Cape Verde is ranked first among “medium human development” countries, according to the United Nations’ Human Development Index, coming 133rd out of 187 countries. In 2011, Cape Verde was ranked sixth in Sub-Saharan Africa. In February 2012, Cape Verde signed the second Millennium Challenge1 compact, in recognition of the country’s progress in poverty reduction, increase in agricultural production, development of the internal market, reduction in transport costs and private sector development.

1 Independent

North American overseas aid institute, created by the United States Congress. The institute provides resources for poverty reduction programs around the world, as long as a series of rigorous criteria relating to good governance, economic freedom and investment in citizens are respected.. Sources: IMF, OECD, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

05

CAPE VERDE

Economic summary (II) In the long run, growth should benefit from gradual and sustained diversification of the economy, resulting from accumulated investments in various sectors (in particular in tourism). Indeed, the authorities have invested in the development of fishing, positioning Cape Verde as an ocean hub, and in improvements in the financial and telecommunications sectors. In the next few years, the main public investment projects will be centred on infrastructure, with nearly 50% related to the energy, water and transport sectors. The public investment program also foresees a social component, human capital development and intervention in specific sectors, with a view to increasing productivity. Despite the economic development registered over the last few years, the Cape Verdean authorities have had difficulty in bringing the unemployment rate under 10%. As such, economic diversification will also be of crucial importance in generating new job opportunities in the future.

Sources: IMF, OECD, ES Research – Sectoral Research .

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

06

CAPE VERDE

International Integration

CPLP – Community of Portuguese-Speaking Countries Comprising Portugal, Angola, Brazil, Cape Verde, Guinea-Bissau, Mozambique, Saint Thomas and Prince and East Timor, it seeks to harmonize political and diplomatic relations in terms of international foreign policy, namely in the defence and promotion of common interests and in relation to specific issues, promote cooperation, particularly in economic, social, cultural, legal, technical and scientific fields, and implementation of programs to promote and spread the Portuguese language. www.cplp.org

ECOWAS – Economic Community of West African States ECOWAS is a regional economic integration organization for West African countries, comprising around 230 million consumers in 15 member states, including Cape Verde and Guinea-Bissau.

www.ecowas.int AfDB – African Development Bank

Santo Antão São Vicente Santa Luzia Sal São Nicolau

Founded in 1964, this financial institution emerged from 3 Africa development funds. Its objective is to promote sustained economic development and reduce poverty in the African continent. Portugal is a non-regional member as of 1982.

Boavista Atlântico Norte

www.afdb.org Maio

São Tiago

Macaronesia/EU Political and development cooperation initiative between the archipelagos of the Azores, the Canaries, Cape Verde and Madeira, who have established a partnership as ultra peripheral regions of the EU. On 9 December 2011, the European Union granted the Generalized System of Preferences + (GSP+) status to Cape Verde, which was the first African country to achieve this status1.

Brava

Fogo

Praia

1 When Cape Verde ceased to have United Nations “Less Developed Country “status in December 2007, it was conceded a transition period, which expired on 31 December 2011. The GSP+ is a Economic Partnership Agreement (EPA) which guarantees better access to European markets for Cape Verdean products and services, as long as there is an effective commitment to implementing the 27 most important international conventions relating to respect for human and labour rights, the environment and good governance. Sources: AfDB, EU, CIA, ECOWAS, AICEP, CPLP, ES Research – Sectoral Research .

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

07

The Country's Economic Context Industry Structure International Trade, Bilateral Trade with Portugal and Opportunities BES Group’s Internationalisation Support: International Premium Unit

BES Group's International Offering Contacts

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

CAPE VERDE

GDP Sectoral Structure Cape Verde is a services-based economy (77% of GDP in 2011). The tourism sector is the main driver of growth in the archipelago.

GDP breakdown by sector (2011) 0.7% Fishing 4.6% Agriculture 6.7% Construction

7.1% Industry

77.0% Services1

1 Services,

excluding banking services. Sources: Banco de Cabo Verde, ES Research – Sectoral Research . ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

09

CAPE VERDE

The economy’s sectoral structure (I) Economic growth in Cape Verde has stimulated expansion in the banking sector. Since the beginning of 2010, four new institutions have started operations in the country. The number of financial institutions in Cape Verde is now equal to 9 (8 active) onshore and 14 offshore. This expansion has lead to an increase in the branch network and in related financial services. Presently, bank branches cover all of the islands of the archipelago. The presence of Portuguese capital is very significant in some of the key financial institutions in Cape Verde: Espirito Santo Group (BES Cape Verde), Caixa Geral de Depósitos Group (BCA and Banco Interatlântico), BANIF Group (BCN), Geocapital (Caixa) and Banco Português de Gestão. The Central Bank of Cape Verde’s monetary policy, in particular in relation to limiting credit expansion, has centred on preserving the financial strength of the retail banks. The ratio of non-performing loans to total loans was equal to 4.4% in 2010.

FINANCIAL SYSTEM

Banks operating in Cape Verde, 2010 Total assets (CVE millions) Banco Comercial do Atlântico - BCA

65.6

Caixa Económica de Cabo Verde - Caixa

36.7

Banco InterAtlântico Banco Caboverdiano de Negócios – BCN Banco Africano de Investimentos - BAI 1

BES Cabo Verde Ecobank

2 2

Novo Banco 1

2

18.0 12.6 5.5 1.6 0.6 0.4

2

Comparison between 2010 and August 2011. Figures for 2011. Sources: Banco de Cabo Verde, ES Research – Sectoral Research. ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

010

CAPE VERDE

The economy’s sectoral structure (II)

The IMF’s projections for tourism receipts, in terms of Balance of Payments, for the period 20092016, illustrates that the growth already witnessed is expected to accelerate sharply over the next few years. Indeed, between 2009 and 2016, tourism receipts are expected to expand 110%, exceeding EUR 400 million in 2016 and representing approximately 45% of exports of goods and services. The World Travel and Tourism Council’s forecasts also point in the same direction, predicting average annual growth of tourism receipts of around 10% (7.3% in real terms) over the next ten years, 2011-2021. The sector already directly contributes 14% of total employment.

Tourism receips, 2009-2016P (EUR millions)

TOURISM (I)

Sources: IMF, ES Research – Sectoral Research.

P

190

200

2009

2010

226

2011

259

2012

294

2013

330

2014

366

2015

401

2016

Projections.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

011

CAPE VERDE

The economy’s sectoral structure (III)

There has been an exponential increase in the number of nights spent which, in 2000, totalled 685 thousand and, in 2011, already exceeded 2.8 million. Over this period, the average annual increase in nights spent in hotel establishments in the country increased 13.8%, culminating, in 2011, in an increase of over 20% in relation to 2010. There continues to be strong reliance on foreign tourism - over 90% of nights spent - almost exclusively represented by European markets. The countries that were most representative in 2011 were: the United Kingdom, 27.1%; Germany, 15.1%; Italy, 14.1%; Portugal, 11.9%; and France, 10.4%. The islands of Boavista and Sal stand out clearly as being the most capable of attracting tourists, representing 90% of nights slept, 47.2% on the island of Boavista and 42.9% on the island of Sal.

Growth in the number of nights spent in hotel establishments in Cape Verde, 2000-2011 (Millions)

TOURISM (II)

2 828 2 342 1 827

685

2000

806

694

2001

2002

903

865

936

2003

2004

2005

1 368

1 433

2006

2007

2008

2 022

2009

2010

2011

Sources: INE Cabo Verde, Direcção Geral de Turismo de Cabo Verde, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

012

CAPE VERDE

TOURISM (III)

The economy’s sectoral structure (IV)

Cape Verde is ranked ninth worldwide in terms of growth forecast for the tourism sector. This scenario reflects the growing expansion in hotel accommodation in the archipelago and the improved quality of infrastructure and human resources available. In 2011, accommodation capacity comprised 195 establishments and over 14 thousand beds, representing an increase in capacity of approximately 70% since 2005. The number of available beds continues to be most significant on the island of Sal, 44.7%; followed by the islands of Boavista, 31.1%; Santiago, 9.6%; and São Vicente, 6.9%. Noteworthy is the sharp increase in accommodation available on the island of Boavista in the last two years: in 2009, it represented only 23% of the total number of available beds on the islands, whereas, in 2011, that share already had increased to 31%. Investment projects being planned for the islands foresee a doubling of taccommodation capacity over the next fifteen years (the Hilton chain recently announced its arrival in the country, in May 2012). Growth in accommodation capacity in Cape Verde, 2005 - 2011 (Number of establishments)

132

142

150

158

173

178

Distribution of accommodation capacity on the islands, 2011 (% of total)

195

S. Vicente 6.9

S. Antão 3.7

Santiago 9.6 2005

2006

2007

2008

2009

2010

2011

Others 4

Sal 44.7 Boavista 31.1

Sources: INE Cabo Verde, Direcção Geral de Turismo de Cabo Verde, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

13

CAPE VERDE

The economy’s sectoral structure (V) Despite the limited size of its surface area, Cape Verde benefits from a vast Exclusive Economic Zone – EEZ: 789.4 thousand km2, around 9.4% of the EEZ of the whole of Sub Saharan Africa. According to global benchmarks, Cape Verde’s fish stocks are not substantial, but do include migratory species of commercial value, such as tuna fish, as well as small pelagic fish, some demersal fish and lobster. The overall level of employment in the fishing industry and related activities in the public sector represent about 5% of the total workforce. Following a sharp contraction in 2009, there was a recovery in production in the industry in 2010 which yielded close to 20 thousand tons. This sector, which is of great social and strategic importance for the country, is expected to contribute over 50% of merchandise exports in 2012. This contribution is to be sustained by the growing importance of the canning industry, particularly with the future implementation of cold storage facilities on the island of São Vicente. Growth in fishing output (catch), 2000-2010 (Tons)

FISHING (I)

24 554

23 698

21 581 19 500

18 328

10 557

2000

16 828

10 336

8 601

8 077

8 049

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Sources: FAO, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

14

CAPE VERDE

FISHING (II)

The economy’s sectoral structure (VI)

Cape Verde enjoys access to EU markets with exemption from customs dues with regard to products entirely originating from fishing and is a member of the International Commission for the Conservation of Atlantic Tunas and of the Subregional Commission on Fisheries. In recent years, between 43 and 57 foreign vessels have been authorized to fish in Cape Verde’s EEZ. European Union, Japanese and Senegalese fleets operate under the terms of various access agreements. On 1 September 2011, a new fishing agreement between Cape Verde and the European Union came into effect. The new agreement will last for three years and authorizes 11 pole-and-line tuna fishing vessels, 28 tuna seiners and 35 surfase longliners from the European Union to operate in Cape Verdean waters, including nine Portuguese vessels, two more than in the previous agreement. The European vessels can capture a quota of five thousand tons per annum, Cape Verde being entitled to financial compensation of around EUR 1.3 million. Cape Verde - UE Agreement Fishing Opportunities

Tuna pole-and-line Tuna pole-and-line vessels vessels (2011/2014) (2007/2011)

Tuna seiners (2007/2011)

Tuna seiners (2011/2014)

Surface longliners (2007/2011)

Surface longliners (2011/2014)

Spain

12

16

41

26

7

7

France

13

12

0

0

4

4

Portugal

0

0

7

9

-

-

Total/vessels

25

28

48

35

11

11

Member State

Sources: European Commission, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

15

CAPE VERDE

The economy’s sectoral structure (VII)

Given its potential, the know-how involved and the exceptional location of the Cape Verde archipelago, the fishing industry and related activities possess the ingredients to engender a maritime cluster involving a wide range of activities all of which share a relationship with the sea and, therefore, potential to generate synergies. Fishing and fish distribution

Oceanographic research

Maritimes logistics

Infrastructure and Sea Cluster

Energy

Services for merchant marine and international fishing sectors

Shipbuilding and repair

Nautical tourism Water catchment

Source: ES Research – Sectoral Research.

Sea cluster

Salt production

Improving infrastructure is a key objective, including the expansion and modernization of the port of Praia (adjudicated to the Portuguese consortium Somague/MSF/Etermar); the construction of cold storage facilities at Porto Grande (Mindelo, São Vicente) in order that this port may become, from 2013 onwards, an international fishing harbour for industrial fleets; and the construction of a cruise ship terminal also at Mindelo port, an investment that is considered to be strategic so that the country can position itself in this market. The conclusion and inauguration of works at Palmeira (Sal), Porto Novo (Santo Antão), Sal-Rei (Boavista) and Porto de Cavaleiro (Fogo) are expected by May 2013. The ports of Praia and São Vicente represent approximately three quarters of the overall volume of goods shipped in the archipelago.

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16

The economy’s sectoral structure (VIII)

ATLANTIC GATEWAY TO AFRICA (I)

Cape Verde’s full regional integration, namely as a member of ECOWAS (Economic Community of West African States, comprising 230 million citizens in 15 member states) and given its close relationship with other member states of CPLP – the Community of PortugueseSpeaking Countries, and with countries that are part of other regional communities on the West African Coast: Angola, Saint Thomas and Prince and Equatorial Guinea (members of the Economic Community of Central African States – CEEAC and also, in the case of Equatorial Guinea, of the Economic and Monetary Community of Central Africa - CEMAC).

ECOWAS, CEMAC e CEEAC – member states

Senegal Gâmbia Cabo Verde

Mali

Níger Chad

B. F. Nigéria

S.T.P.

Globalization confers Cape Verde an increased centrality in its economic region, where it has an unique opportunity to impose itself. Cape Verde is geographically located in the centre of important trade routes which link Africa and Europe to markets in South and North America.

Benin

CAPE VERDE

R. D. Congo

Ruanda Burundi

Angola

Cape Verde

ECOWAS - Comunidade Económica dos Países da África Ocidental Sources: ECOWAS, CEMAC, CEEAC, ES Research – Sectoral Research.

CEMAC - Economic and Monetary Community of Central Africa CEEAC - Economic Community of Central African States

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

17

The Country's Economic Context Industry Structure International Trade, Bilateral Trade with Portugal and Opportunities BES Group’s Internationalisation Support: International Premium Unit

BES Group's International Offering Contacts

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

CAPE VERDE

International Trade – Partners

Cape Verde’s imports by country, 2011 Ranking

Country

Cape Verde’s exports by country, 2011

Imports

Share

(EUR millions)

(%)

Ranking

Country

Exports

Share

(EUR millions)

(%)

1

Portugal

269.6

39.1

1

Spain

32.9

66.6

2

Netherlands

107.8

15.6

2

Portugal

7.8

15.7

3

Spain

69.4

10.0

3

Germany

4.2

8.4

4

Brazil

26.0

3.8

4

El Salvador

1.7

3.5

5

Italy

23.9

3.5

5

France

1.6

3.3

6

Malta

22.4

3.2

6

Sao Tome and Principe

0.3

0.5

7

Germany

19.9

2.9

7

USA

0.2

0.5

8

Japan

18.1

2.6

8

India

0.2

0.4

9

China

17.8

2.6

9

Lybia

0.1

0.3

10

Belgium

15.4

2.2

10

Guinea-Bissau

0.1

0.2

Source: UNComtrade.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

19

CAPE VERDE

International Trade – Goods Imports and Exports (World) Cape Verde Top 10 exports, 2011

Cape Verde Top 10 imports, 2011 2011 (EUR Million)

Share (%)

CAGR06-11 (%)

2011 (EUR Million)

Share (%)

CAGR06-11 (%)

2710 - Petroleum Oils And Oils Obtained From Bituminous Minerals (Excl. Crude);

121.5

17.6

28.2

1604 - Prepared Or Preserved Fish; Caviar And Caviar Substitutes Prepared From Fish Eggs

22.0

44.5

131.0

2523 - Cement, Incl. Cement Clinkers, Whether Or Not Coloured

21.5

3.1

2.1

0303 - Frozen Fish (Excl. Fish Fillets And Other Fish Meat Of Heading 0304)

17.8

36.1

52.4

1006 - Rice

18.1

2.6

11.9

6406 - Parts Of Footwear, Incl. Uppers Whether Or Not Attached To Soles Other Than Outer Soles; Removable InSoles, Heel Cushions And Similar Articles

3.4

6.8

9.4

0402 - Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter

13.9

2.0

6.3

6203 - Men'S Or Boys' Suits, Ensembles, Jackets, Blazers, Trousers, Bib And Brace Overalls, Breeches And Shorts (Excl. Knitted Or Crocheted)

1.4

2.9

-7.0

8703 - Motor Cars And Other Motor Vehicles Principally Designed For The Transport Of Persons

13.6

2.0

-1.3

6109 - T-Shirts, Singlets And Other Vests, Knitted Or Crocheted

1.3

2.5

20.0

8502 - Electric Generating Sets And Rotary Converters

13.2

1.9

51.1

6107 - Men'S Or Boys' Underpants, Briefs, Nightshirts, Pyjamas, Bathrobes, Dressing Gowns And Similar Articles, Knitted Or Crocheted (Excl. Vests And Singlets)

1.1

2.2

3.2

8704 - Motor Vehicles For The Transport Of Goods, Incl. Chassis With Engine And Cab

12.8

1.9

2.2

0306 - Crustaceans, Whether In Shell Or Not, Live, Fresh, Chilled, Frozen, Dried, Salted Or In Brine, Even Smoked

0.7

1.3

12.1

8503 - Parts Suitable For Use Solely Or Principally With Electric Motors And Generators, Electric Generating Sets And Rotary Converters, N.E.S.

12.5

1.8

71.6

2208 - Undenatured Ethyl Alcohol Of An Alcoholic Strength Of < 80%; Spirits, Liqueurs And Other Spirituous Beverages

0.5

1.0

1.2

1701 - Cane Or Beet Sugar And Chemically Pure Sucrose, In Solid Form

12.2

1.8

14.7

7204 - Ferrous Waste And Scrap; Remelting Scrap Ingots Of Iron Or Steel (Excl. Slag, Scale And Other Waste From The Production Of Iron Or Steel;

0.4

0.8

15.2

7308 - Structures And Parts Of Structures "E.G., Bridges And Bridge-Sections, Lock-Gates, Towers, Lattice Masts, Roofs, Roofing Frameworks, Doors And Windows

12.1

1.8

12.7

3004 - Medicaments Consisting Of Mixed Or Unmixed Products For Therapeutic Or Prophylactic Uses, Put Up In Measured Doses

0.3

0.6

33.8

Products (H.S. 4)

Products (H.S. 4)

Source: UNComtrade. ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

20

CAPE VERDE

International Trade – Bilateral relations with Portugal (I)

Portugal’s trade balance with Cape Verde, 2006, 2010 and 2011 (EUR millions)

Compound Annual Growth Rate (CAGR) CAGR06-11 of exports = 5.0% CAGR06-11 of imports = 7.9%

Surplus balance EUR 250 million

In 2011, 2 929 companies exported goods to Cape Verde

Exports

328

326

73

Services (22%)

257

+3.5%

256

Goods (78%) Imports

54

78

61

67

Services (86%)

11 2006 Exports of goods and services

2010

2011

2011

In 2010, 2 831 companies exported goods to Cape Verde

Goods (14%)

Imports of goods and services

Sources: Instituto Nacional de Estatística, Banco de Portugal.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

21

CAPE VERDE

International Trade – Bilateral relations with Portugal (I)

Top 10 Portuguese imports from Cape Verde, 2011

Top 10 Portuguese exports to Cape Verde, 2011 2011 (EUR Million)

Share (%)

CAGR06-11 (%) (%)

2523 - Cement, Incl. Cement Clinkers, Whether Or Not Coloured

13.1

5.1

12.0

46.2

1507 - Soya-Bean Oil And Its Fractions, Whether Or Not Refined (Excl. Chemically Modified)

8.5

3.3

14.3

12.1

17.2

2203 - Beer Made From Malt

6.7

2.6

3.2

1.0

9.7

-7.6

8544 - Insulated "Incl. Enamelled Or Anodised" Wire, Cable "Incl. Coaxial Cable" And Other Insulated Electric Conductors; Optical Fibre Cables

5.5

2.2

17.3

0306 - Crustaceans, Whether In Shell Or Not, Live, Fresh, Chilled, Frozen, Dried, Salted Or In Brine, Even Smoked

0.6

6.4

15.4

3004 - Medicaments Consisting Of Mixed Or Unmixed Products For Therapeutic Or Prophylactic Uses, Put Up In Measured Doses

5.3

2.1

4.9

8479 - Machines And Mechanical Appliances Having Individual Functions, Not Specified Or Included Elsewhere In This Chapter

0.3

2.6

80.0

7214 - Bars And Rods, Of Iron Or Non-Alloy Steel, Not Further Worked Than Forged, Hot-Rolled, Hot-Drawn Or Hot-Extruded,

5.0

2.0

54.5

2208 - Undenatured Ethyl Alcohol Of An Alcoholic Strength Of < 80%; Spirits, Liqueurs And Other Spirituous Beverages

0.2

2.0

6.0

8503 - Parts Suitable For Use Solely Or Principally With Electric Motors And Generators, Electric Generating Sets And Rotary Converters, N.E.S.

4.9

1.9

146.3

8708 - Parts And Accessories For Tractors, Motor Vehicles For The Transport Of Ten Or More Persons, Motor Cars And Other For The Transport Of Persons

0.2

1.6

50.7

7308 - Structures And Parts Of Structures "E.G., Bridges And Bridge-Sections, Lock-Gates, Towers, Lattice Masts, Roofs, Roofing Frameworks, Doors And Windows

4.4

1.7

8.4

0302 - Fish, Fresh Or Chilled (Excl. Fish Fillets And Other Fish Meat Of Heading 0304)

0.1

1.2

100.2

6908 - Glazed Ceramic Flags And Paving, Hearth Or Wall Tiles; Glazed Ceramic Mosaic Cubes And The Like, Whether Or Not On A Backing

4.0

1.6

9.0

8477 - Machinery For Working Rubber Or Plastics Or For The Manufacture Of Products From These Materials, Not Specified Or Included Elsewhere In This Chapter

0.1

1.2

n.a.

3917 - Tubes, Pipes And Hoses, And Fittings Therefor, E.G. Joints, Elbows, Flanges, Of Plastics

3.5

1.4

10.3

Products (H.S. 4)

2011 (EUR Million)

Share (%)

CAGR06-11 (%)

6406 - Parts Of Footwear, Incl. Uppers Whether Or Not Attached To Soles Other Than Outer Soles; Removable InSoles, Heel Cushions And Similar Articles

3.6

35.8

7.9

6203 - Men'S Or Boys' Suits, Ensembles, Jackets, Blazers, Trousers, Bib And Brace Overalls, Breeches And Shorts (Excl. Knitted Or Crocheted)

1.7

17.3

6109 - T-Shirts, Singlets And Other Vests, Knitted Or Crocheted

1.2

6107 - Men'S Or Boys' Underpants, Briefs, Nightshirts, Pyjamas, Bathrobes, Dressing Gowns And Similar Articles, Knitted Or Crocheted (Excl. Vests And Singlets)

Products (H.S. 4)

Sources: Instituto Nacional de Estatística, Banco de Portugal. ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

22

CAPE VERDE

Goods export opportunities (I) Set of products (goods) identified as needs (imports) of Cape Verde for which Portugal has production and export capacity, thus representing opportunities to increase the volume of Portuguese exports to Cape Verde.

Top 10 export opportunities to Cape Verde 2505 - Natural sands of all kinds, whether or not coloured 8419 - Machinery, plant or laboratory equipment whether or not electrically heated, for the treatment of materials by a process involving a change of temperature 8481 - Taps, cocks and valves

4016 - Articles of vulcanised rubber (excl. hard rubber), N.E.S.

6309 - Articles for interior furnishing, of all types of textile materials (excl. blankets and travelling rugs, bedlinen, table linen, toilet linen, kitchen linen, curtains, incl. drapes, interior blinds, curtain or bed valances, lampshades and articles of heading 9404) 4011 - New pneumatic tyres, of rubber 1006 - Rice

1701 - Cane or beet sugar and chemically pure sucrose, in solid form

0207 - Meat and edible offal of fowls of the species gallus domesticus, ducks, geese, turkeys and guinea fowls, fresh, chilled or frozen

0402 - Milk and cream, concentrated or containing added sugar or other sweetening matter

Sources: UNComtrade, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

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CAPE VERDE

Goods export opportunities (II) Top 10 export opportunities to Cape Verde (Amount and rank of Cape Verde world imports) 2006 (EUR Million)

2010 (EUR Million)

CAGR06-10 (%)

Rank 2010

Share (%)

1006 - Rice

10.3

18.7

16.0

3

3.4

0402 - Milk And Cream, Concentrated Or Containing Added Sugar Or Other Sweetening Matter

10.2

11.9

3.9

5

2.2

0207 - Meat And Edible Offal Of Fowls Of The Species Gallus Domesticus, Ducks, Geese, Turkeys And Guinea Fowls, Fresh, Chilled Or Frozen

5.0

7.9

11.9

12

1.4

1701 - Cane Or Beet Sugar And Chemically Pure Sucrose, In Solid Form

6.1

6.7

2.4

16

1.2

4011 - New Pneumatic Tyres, Of Rubber

1.8

2.3

5.9

54

0.4

6309 - Worn Clothing And Clothing Accessories, Blankets And Travelling Rugs, Household Linen And Articles For Interior Furnishing

1.7

2.2

6.9

57

0.4

8481 -Taps, Cocks, Valves And Similar Appliances For Pipes, Boiler Shells, Tanks, Vats Or The Like, Incl. Pressure-Reducing Valves And Thermostatically Controlled Valves

1.5

2.0

7.2

63

0.4

8419 - Machinery, Plant Or Laboratory Equipment Whether Or Not Electrically Heated, for The Treatment Of Materials By A Process Involving A Change Of Temperature

1.4

1.5

2.9

78

0.3

2505 - Natural Sands Of All Kinds, Whether Or Not Coloured (Excl. Gold- And Platinum-Bearing Sands, Zircon, Rutile And Ilmenite Sands, Monazite Sands, And Tar Or Asphalt Sands)

0.0

1.2

201.3

96

0.2

4016 - Articles Of Vulcanised Rubber (Excl. Hard Rubber), N.E.S.

0.7

1.1

10.6

106

0.2

Products (H.S. 4)

Sources: UNComtrade, OECD, ES Research – Sectoral Research.

ISKO Cape Verde International Premium Unit/ ES Research – Sectoral Research

24

CAPE VERDE

Goods export opportunities (III) Cloud of Export Opportunities to Cape Verde

Textiles, Clothing and Footwear

Agricultural and food products

6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather (excl. orthopaedic footwear, skating boots with ice or roller skates attached, and toy footwear)

2002 – Tomatoes prepared or preserved (except in vinager or acetic acid)

2205 - Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances

2103 - Sauce and preparations therefor; mixed condiments and mixed seasonings; mustard flour and meal, whether or not prepared, and mustard

1604 - Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs

2008 - Fruits, nuts and other edible parts of plants, prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit (excl. prepared or preserved with vinegar, preserved with sugar but not laid in syrup, and jams, fruit jellies, marmalades, fruit purée and pastes, obtained by cooking)

Ceramics and glass

Other sectors

7010 - Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a kind used for the conveyance or packing of goods, preserving jars, stoppers, lids and other closures, of glass

7310 - Tanks, casks, drums, cans, boxes and similar containers, of iron or steel, for any material "other than compressed or liquefied gas", of a capacity of