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Pricing

2022
Flag → Flag
Exports $36MRnk 135 / 222
2022
Flag → Flag
Top Product $13.6MConcentrated Milk
2022
Flag → Flag
Exports $19.6MRnk 10 / 123
2022
Flag → Flag
Top Product $10.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-Cuba Trade: In 2022, Belgium exported $36M to Cuba. The main products that Belgium exported to Cuba were Concentrated Milk ($13.6M), Refined Petroleum ($10.3M), and Acrylic Polymers ($1.39M). Over the past 5 years the exports of Belgium to Cuba have decreased at an annualized rate of 14%, from $76.6M in 2017 to $36M in 2022.

In 2022, Belgium did not export any services to Cuba.

Cuba-Belgium Trade: In 2022, Cuba exported $19.6M to Belgium. The main products that Cuba exported to Belgium were Refined Petroleum ($10.5M), Rolled Tobacco ($7.71M), and Coffee ($482k). Over the past 5 years the exports of Cuba to Belgium have decreased at an annualized rate of 11.9%,  from $36.9M in 2017 to $19.6M in 2022.

In 2022, Cuba did not export any services to Belgium.

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €3.11M and imported €608k from Cuba, resulting in a positive trade balance of €2.5M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-121k (-3.74%) from €3.23M to €3.11M, while imports decreased by €-105k (-14.7%) from €713k to €608k.

Trade In July 2024, the top exports of Belgium to Cuba were Mineral fuels, mineral oils and products... (€1.26M), Beverages, spirits, & vinegar (€227k), Preparations of vegetables, fruit, nuts or... (€89.3k), Optical, photo, & film equipment; medical... (€38.6k), and Edible vegetables, roots, & tubers (€33.3k). In July 2024 the top imports of Belgium from Cuba were Mineral fuels, mineral oils and products... (€8.62M), Tobacco & substitutes (€653k), Coffee, tea, mate & spices (€73.7k), Wood, wood articles, & charcoal (€10.5k), and Iron or steel articles (€166).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Cuba was explained primarily by an decrease in product exports in Mineral fuels, mineral oils and products... (€-125k or -9.01%), Chemical products n.e.s. (€-90.4k or -82.3%), and Soap, cleaners, candles, dental, modelling pastes (€-70.2k or -96.4%). In July 2024, the decrease in Belgium's year-by-year imports  from Cuba was explained primarily by an decrease in product imports  in Beverages, spirits, & vinegar (€-27 or -67.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-121k(-3.74%)
IMPORT GROWTH (July 2023 - July 2024)€-105k(-14.7%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Cuba and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cuba and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $36M to Cuba. The main products exported from Belgium to Cuba were Concentrated Milk ($13.6M), Refined Petroleum ($10.3M), and Acrylic Polymers ($1.39M). During the last 5 years the exports of Belgium to Cuba have decreased at an annualized rate of 14%, from $76.6M in 2017 to $36M in 2022.

In 2017, Cuba exported $19.6M to Belgium. The main products exported from Cuba to Belgium were Refined Petroleum ($10.5M), Rolled Tobacco ($7.71M), and Coffee ($482k). During the last 5 years the exports of Cuba to Belgium have decreased at an annualized rate of 11.9%, from $36.9M in 2022 to $19.6M in 2017.

Exports from Belgium (Flag) to Cuba (Flag) (2022)

Exports from Cuba (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Cuba
Top DestinationChina$426M

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 2022, countries that imported more from Belgium than Cuba included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Cuba than Belgium included Macau ($28.9M).

Difference in imports from Cuba (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Cuba

Flow
Scale

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

During 2022, Belgium had a large net trade with Cuba in the exports of Animal Products ($14.1M), Mineral Products ($10.3M), and Chemical Products ($3.25M).

During 2017, Cuba had a large net trade with Belgium in the exports of Mineral Products ($10.5M), Foodstuffs ($7.9M), and Vegetable Products ($504k).

Economic Complexity

Competitive Landscape

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

Product Space of Belgium (Flag) and Cuba (Flag) (2022)

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