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Pricing

2022
Flag → Flag
Exports $76.6MRnk 135 / 222
2022
Flag → Flag
Top Product $13.6MConcentrated Milk
2022
Flag → Flag
Exports $36.9MRnk 10 / 123
2022
Flag → Flag
Top Product $10.5MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belgium-Cuba Trade: In 2022, Belgium exported $76.6M 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 increased at an annualized rate of 12.6%, from $42.4M in 2017 to $76.6M in 2022.

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

Cuba-Belgium Trade: In 2022, Cuba exported $36.9M 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 1.64%,  from $40.1M in 2017 to $36.9M 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

March, 2024

About

Overview In March 2024, Belgium exported €1.67M and imported €1.01M from Cuba, resulting in a positive trade balance of €660k. Between March 2023 and March 2024 the exports of Belgium have increased by €95.3k (6.05%) from €1.58M to €1.67M, while imports decreased by €-203k (-16.8%) from €1.21M to €1.01M.

Trade In March 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 March 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 March 2024, the increase in Belgium's year-by-year exports to Cuba was explained primarily by an increase in product exports in Rubber & articles thereof (€7.99k or 4.9k%) and Glass & glassware (€71 or 323%). In March 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)€95.3k(6.05%)
IMPORT GROWTH (March 2023 - March 2024)€-203k(-16.8%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $76.6M 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 increased at an annualized rate of 12.6%, from $42.4M in 2017 to $76.6M in 2022.

In 2017, Cuba exported $36.9M 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 18 years the exports of Cuba to Belgium have decreased at an annualized rate of 1.64%, from $40.1M in 1999 to $36.9M 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Cuba+N/AN/A
Top Product Potential Cuba Belgium+N/AN/A

N/A

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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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