2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

Austria-Cuba Trade: In 2023, Austria exported $6.35M to Cuba. The main products that Austria exported to Cuba were Large Construction Vehicles ($1.58M), Medical Instruments ($1.12M), and X-Ray Equipment ($455k). Over the past 5 years the exports of Austria to Cuba have decreased at an annualized rate of 36.2%, from $60M in 2018 to $6.35M in 2023.

In 2023, Austria did not export any services to Cuba.

Cuba-Austria Trade: In 2023, Cuba exported $920k to Austria. The main products that Cuba exported to Austria were Hard Liquor ($347k), Rolled Tobacco ($180k), and Honey ($168k). Over the past 5 years the exports of Cuba to Austria have decreased at an annualized rate of 15.3%,  from $2.49M in 2018 to $920k in 2023.

In 2023, Cuba did not export any services to Austria.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $6.35M to Cuba. The main products exported from Austria to Cuba were Large Construction Vehicles ($1.58M), Medical Instruments ($1.12M), and X-Ray Equipment ($455k). During the last 5 years the exports of Austria to Cuba have decreased at an annualized rate of 36.2%, from $60M in 2018 to $6.35M in 2023.

In 2018, Cuba exported $920k to Austria. The main products exported from Cuba to Austria were Hard Liquor ($347k), Rolled Tobacco ($180k), and Honey ($168k). During the last 5 years the exports of Cuba to Austria have decreased at an annualized rate of 15.3%, from $2.49M in 2023 to $920k in 2018.

Exports from Austria (Flag) to Cuba (Flag) (2023)

Exports from Cuba (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Cuba (Flag)

Austria Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Cuba
Top Destination
China$358M

This map shows whether countries import more from Austria or Cuba. Each country is colored based on the difference in imports they receive from Austria and Cuba or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Cuba included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

In 2023, countries that imported more from Cuba than Austria included Macau ($29.2M).

Difference in imports from Cuba (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Cuba

Flow
Scale

This chart compares trade between Austria and Cuba by product, considering products traded by both, Austria and Cuba.

During 2023, Austria had a large net trade with Cuba in the exports of Machines ($2.36M), Instruments ($1.99M), and Textiles ($1.07M).

During 2018, Cuba had a large net trade with Austria in the exports of Foodstuffs ($650k), Animal Products ($168k), and Arts and Antiques ($57.8k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Cuba. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Cuba. Similarly, a dot/product with the flag of Cuba indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Cuba (Flag) (2023)

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