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2022
Flag → Flag
Exports $19.6MRnk 10 / 123
2022
Flag → Flag
Top Product $10.5MRefined Petroleum
2022
Flag → Flag
Exports $36MRnk 135 / 222
2022
Flag → Flag
Top Product $13.6MConcentrated Milk
2022
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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

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $19.6M in 2022.

In 2017, 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 2022 to $36M in 2017.

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

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

Latest Data

Trade between Cuba (Flag) and Belgium (Flag)

Belgium Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Cuba - Belgium

Flow
Scale

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

During 2022, Cuba had a large net trade with Belgium in the exports of Mineral Products ($10.5M), Foodstuffs ($7.9M), and Vegetable Products ($504k).

During 2017, 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).

Economic Complexity

Competitive Landscape

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

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

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