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2022
Flag → Flag
Exports $198kRnk 73 / 123
2022
Flag → Flag
Top Product $100kRolled Tobacco
2022
Flag → Flag
Exports $471kRnk 87 / 160
2022
Flag → Flag
Top Product $471kFish Fillets
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Cuba-Iceland Trade: In 2022, Cuba exported $198k to Iceland. The main products that Cuba exported to Iceland were Rolled Tobacco ($100k), Hard Liquor ($96.8k), and Other Vegetables ($1.09k). Over the past 5 years the exports of Cuba to Iceland have increased at an annualized rate of 9.45%, from $126k in 2017 to $198k in 2022.

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

Iceland-Cuba Trade: In 2022, Iceland exported $471k to Cuba. The main products that Iceland exported to Cuba were Fish Fillets ($471k). Over the past 5 years the exports of Iceland to Cuba have increased at an annualized rate of 55.3%,  from $52.1k in 2017 to $471k in 2022.

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

Comparison In 2022,  Cuba ranked 161 in total exports ($1.07B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cuba exported $198k to Iceland. The main products exported from Cuba to Iceland were Rolled Tobacco ($100k), Hard Liquor ($96.8k), and Other Vegetables ($1.09k). During the last 5 years the exports of Cuba to Iceland have increased at an annualized rate of 9.45%, from $126k in 2017 to $198k in 2022.

In 2017, Iceland exported $471k to Cuba. The main products exported from Iceland to Cuba were Fish Fillets ($471k). During the last 5 years the exports of Iceland to Cuba have increased at an annualized rate of 55.3%, from $52.1k in 2022 to $471k in 2017.

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

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

Latest Data

Trade between Cuba (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Cuba
Top DestinationChina$426M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Cuba than Iceland included China ($426M), Cyprus ($31.2M), and Macau ($28.9M).

In 2022, countries that imported more from Iceland than Cuba included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Cuba - Iceland

Flow
Scale

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

During 2022, Cuba had a large net trade with Iceland in the exports of Foodstuffs ($197k), Vegetable Products ($1.17k), and Transportation ($200).

During 2017, Iceland had a large net trade with Cuba in the exports of Animal Products ($471k).

Economic Complexity

Competitive Landscape

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

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

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