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2023
Flag → Flag
Exports $24.9MRnk 151 / 220
2023
Flag → Flag
Top Product $7.55MBeer
2023
Flag → Flag
Exports $25.1MRnk 9 / 121
2023
Flag → Flag
Top Product $13.7MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Belgium-Cuba Trade: In 2023, Belgium exported $24.9M to Cuba. The main products that Belgium exported to Cuba were Beer ($7.55M), Refined Petroleum ($5.65M), and Plastic Lids ($2.28M). Over the past 5 years the exports of Belgium to Cuba have decreased at an annualized rate of 23.8%, from $97.1M in 2018 to $24.9M in 2023.

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

Cuba-Belgium Trade: In 2023, Cuba exported $25.1M to Belgium. The main products that Cuba exported to Belgium were Refined Petroleum ($13.7M), Rolled Tobacco ($10.7M), and Coffee ($558k). Over the past 5 years the exports of Cuba to Belgium have decreased at an annualized rate of 0.32%,  from $26.8M in 2018 to $25.1M in 2023.

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

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Latest Trends

October, 2024

About

Overview In October 2024, Belgium exported €1.75M and imported €778k from Cuba, resulting in a positive trade balance of €976k. Between October 2023 and October 2024 the exports of Belgium have increased by €206k (13.3%) from €1.55M to €1.75M, while imports decreased by €-349k (-31%) from €1.13M to €778k.

Trade In October 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 October 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/Steel Articles (€166).

Growth In October 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 October 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 (October 2023 - October 2024)€206k(13.3%)
IMPORT GROWTH (October 2023 - October 2024)€-349k(-31%)

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 2023, Belgium exported $24.9M to Cuba. The main products exported from Belgium to Cuba were Beer ($7.55M), Refined Petroleum ($5.65M), and Plastic Lids ($2.28M). During the last 5 years the exports of Belgium to Cuba have decreased at an annualized rate of 23.8%, from $97.1M in 2018 to $24.9M in 2023.

In 2018, Cuba exported $25.1M to Belgium. The main products exported from Cuba to Belgium were Refined Petroleum ($13.7M), Rolled Tobacco ($10.7M), and Coffee ($558k). During the last 5 years the exports of Cuba to Belgium have decreased at an annualized rate of 0.32%, from $26.8M in 2023 to $25.1M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Cuba
Top DestinationChina$358M

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 2023, countries that imported more from Belgium than Cuba included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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

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 2023, Belgium had a large net trade with Cuba in the exports of Foodstuffs ($10.5M), Mineral Products ($5.65M), and Plastics and Rubbers ($2.63M).

During 2018, Cuba had a large net trade with Belgium in the exports of Mineral Products ($13.7M), Foodstuffs ($10.7M), and Vegetable Products ($558k).

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) (2023)

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