Flag Belgium / Cuba Flag

2021
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Exports
: $35.3M, Rnk 136 / 221

2021
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Top Product
: $9.89M, Concentrated Milk

2021
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Exports
: $58.7M, Rnk 4 / 121

2021
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Top Product
: $36.7M, Refined Petroleum

2021
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Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
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GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
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GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
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GDP PC 
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

Belgium-Cuba In 2021, Belgium exported $35.3M to Cuba. The main products that Belgium exported to Cuba are Concentrated Milk ($9.89M), Refined Petroleum ($6.12M), and Coated Flat-Rolled Iron ($5.81M). During the last 22 years the exports of Belgium to Cuba have decreased at an annualized rate of 1.04%, from $44.4M in 1999 to $35.3M in 2021.

In 2021, Belgium did not export any services to Cuba.

Cuba-Belgium In 2021, Cuba exported $58.7M to Belgium. The main products that Cuba exported to Belgium were Refined Petroleum ($36.7M), Rolled Tobacco ($9.54M), and Crude Petroleum ($9.47M). During the last 22 years the exports of Cuba to Belgium have increased at an annualized rate of 1.72%, from $40.4M in 1999 to $58.7M in 2021.

In 2021, Cuba did not export any services to Belgium.

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28),  and 15 in total exports ($403B). That same year, Cuba ranked 158 in total exports ($1.09B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Belgium exported $35.3M to Cuba. The main products exported from Belgium to Cuba were Concentrated Milk ($9.89M), Refined Petroleum ($6.12M), and Coated Flat-Rolled Iron ($5.81M). During the last 22 years the exports of Belgium to Cuba have decreased at an annualized rate of 1.04%, from $44.4M in 1999 to $35.3M in 2021.

In 2021, Cuba exported $58.7M to Belgium. The main products exported from Cuba to Belgium were Refined Petroleum ($36.7M), Rolled Tobacco ($9.54M), and Crude Petroleum ($9.47M). During the last 22 years the exports of Cuba to Belgium have increased at an annualized rate of 1.72%, from $40.4M in 1999 to $58.7M in 2021.

Market Competitiveness

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Color

Belgium
Top Destination
: Germany, $62.7B

Cuba
Top Destination
: China, $419M

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

In 2021, countries that imported more from Belgium than Cuba were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Cuba than Belgium were Macau ($19M).

Comparative Advantage Belgium - Cuba

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Flow
Scale

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

During 2021, Belgium had a large net trade with Cuba in the exports of Animal Products ($11.3M), Metals ($6.6M), and Mineral Products ($6.12M).

During 2021, Cuba had a large net trade with Belgium in the exports of Mineral Products ($46.2M), Foodstuffs ($11.3M), and Animal Products ($435k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Cuba. Similarly, the more yellow a dot/product is, the more Cuba has comparative advantage over Belgium.