Flag Germany / Cuba Flag

Exports FlagFlag  (2018): $260M, Rnk 100 / 216

Top Product FlagFlag (2018): $21.3M, Wheat

Exports FlagFlag (2018): $59.8M, Rnk 3 / 114

Top Product FlagFlag (2018): $33.4M, Rolled Tobacco

Economic Complexity of Flag (2018): ECI 1.9, Rnk 4 / 137

Economic Complexity of Flag (2018): ECI -0.54, Rnk 92 / 137

Germany-Cuba: In 2018, Germany exported $260M to Cuba. The main products exported from Germany to Cuba were Wheat ($21.3M), Combustion Engines ($17.9M), and Engine Parts ($13.4M). During the last 23 years the exports of Germany to Cuba have increased at an annualized rate of 6.11%, from $66.6M in 1995 to $260M in 2018.

Cuba-Germany: In 2018, Cuba exported $59.8M to Germany. The main products exported from Cuba to Germany were Rolled Tobacco ($33.4M), Hard Liquor ($12.5M), and Honey ($6.8M). During the last 23 years the exports of Cuba to Germany have increased at an annualized rate of 2.56%, from $33.4M in 1995 to $59.8M in 2018.

Comparison: In 2018, Germany ranked 4 in the Economic Complexity Index (ECI 1.9), and 2 in total exports ($1.5T). That same year, Cuba ranked 92 in the Economic Complexity Index (ECI -0.54), and 146 in total exports ($1.18B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Germany exported $260M to Cuba. The main products exported from Germany to Cuba were Wheat ($21.3M), Combustion Engines ($17.9M), and Engine Parts ($13.4M). During the last 23 years the exports of Germany to Cuba have increased at an annualized rate of 6.11%, from $66.6M in 1995 to $260M in 2018.

In 2018, Cuba exported $59.8M to Germany. The main products exported from Cuba to Germany were Rolled Tobacco ($33.4M), Hard Liquor ($12.5M), and Honey ($6.8M). During the last 23 years the exports of Cuba to Germany have increased at an annualized rate of 2.56%, from $33.4M in 1995 to $59.8M in 2018.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $132B

Cuba
Top Destination
: China, $446M

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

In 2018, countries that imported more from Germany than Cuba were United States ($132B), France ($121B), and China ($109B).

In 2018, no countries were registered that imported more from Cuba than from Germany.

Comparative Advantage Germany - Cuba

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Depth

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

During 2018, Germany had a large net trade with Cuba in the exports of Machines ($126M), Chemical Products ($26.6M), and Vegetable Products ($25.2M).

During 2018, Cuba had a large net trade with Germany in the exports of Foodstuffs ($49.3M), Animal Products ($6.91M), and Vegetable Products ($1.24M).

Tariff Section

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This sections shows import tariffs for products traded between Germany and Cuba (using the HS6 product classification and the last year reported).

In 2017, the products from Germany that paid the highest import tariffs to enter Cuba were Sugar beet (178%) and Whey (173%).

In 2017, the products from Cuba that paid the highest import tariffs to enter Germany were Rock lobster and other sea crawfish, frozen (30%) and Crustaceans: frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water (30%).

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*The tariffs present between Germany and Cuba are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Germany and Cuba. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Cuba. Similarly, the more red a dot/product is, the more Cuba has comparative advantage over Germany.