Flag Denmark / Cuba Flag

Exports FlagFlag  (2018): $18.6M, Rnk 104 / 211

Top Product FlagFlag (2018): $3.27M, Iron Structures

Exports FlagFlag (2018): $248k, Rnk 69 / 114

Top Product FlagFlag (2018): $220k, Hard Liquor

Economic Complexity of Flag (2018): ECI 1.03, Rnk 23 / 137

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

GDP Flag (2018): $356B, CURRENT US$
Rnk 36 / 196

GDP GROWTH Flag (2008-2018): 0.65%, CURRENT US$
Rnk 163 / 196

GDP Flag (2018): $100B, CURRENT US$
Rnk 63 / 196

GDP GROWTH Flag (2008-2018): 64.5%, CURRENT US$
Rnk 64 / 196

GDP PC Flag (2018): $61,350, CURRENT US$
Rnk 11 / 196

GDP PC GROWTH Flag (2008-2018): -4.62%, CURRENT US$
Rnk 160 / 196

GDP PC Flag (2018): $8,822, CURRENT US$
Rnk 84 / 196

GDP PC GROWTH Flag (2008-2018): 63%, CURRENT US$
Rnk 34 / 196

Denmark-Cuba: In 2018, Denmark exported $18.6M to Cuba. The main products exported from Denmark to Cuba were Iron Structures ($3.27M), Engine Parts ($2.3M), and Air Conditioners ($1.29M). During the last 23 years the exports of Denmark to Cuba have increased at an annualized rate of 5.4%, from $5.53M in 1995 to $18.6M in 2018.

Cuba-Denmark: In 2018, Cuba exported $248k to Denmark. The main products exported from Cuba to Denmark were Hard Liquor ($220k), Rolled Tobacco ($20.9k), and Blood, antisera, vaccines, toxins and cultures ($5.98k). During the last 23 years the exports of Cuba to Denmark have decreased at an annualized rate of 3.42%, from $552k in 1995 to $248k in 2018.

Comparison: In 2018, Denmark ranked 23 in the Economic Complexity Index (ECI 1.03), and 37 in total exports ($101B). That same year, Cuba ranked 92 in the Economic Complexity Index (ECI -0.54), and 146 in total exports ($1.18B). In terms of GDP Per Capita, Denmark was ranked 11 with a GDP Per Capita of $61,350, and Cuba was ranked 84 with a GDP Per Capita of $8,822.

Bilateral Trade by Products

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Depth
Value

In 2018, Denmark exported $18.6M to Cuba. The main products exported from Denmark to Cuba were Iron Structures ($3.27M), Engine Parts ($2.3M), and Air Conditioners ($1.29M). During the last 23 years the exports of Denmark to Cuba have increased at an annualized rate of 5.4%, from $5.53M in 1995 to $18.6M in 2018.

In 2018, Cuba exported $248k to Denmark. The main products exported from Cuba to Denmark were Hard Liquor ($220k), Rolled Tobacco ($20.9k), and Blood, antisera, vaccines, toxins and cultures ($5.98k). During the last 23 years the exports of Cuba to Denmark have decreased at an annualized rate of 3.42%, from $552k in 1995 to $248k in 2018.

Market Competitiveness

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Measure

Denmark
Top Destination
: Germany, $15.5B

Cuba
Top Destination
: China, $446M

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

In 2018, countries that imported more from Denmark than Cuba were Germany ($15.5B), Sweden ($11.2B), and United States ($8.57B).

In 2018, countries that imported more from Cuba than Denmark were Andorra ($3.69M).

Comparative Advantage Denmark - Cuba

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Depth

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

During 2018, Denmark had a large net trade with Cuba in the exports of Machines ($8.26M), Metals ($3.63M), and Chemical Products ($2.06M).

During 2018, Cuba had a large net trade with Denmark in the exports of Foodstuffs ($241k), Chemical Products ($5.98k), and Machines ($1.84k).

Tariff Section

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

In 2017, the products from Denmark 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 Denmark 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 Denmark 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 Denmark 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 Denmark has comparative advantage over Cuba. Similarly, the more red a dot/product is, the more Cuba has comparative advantage over Denmark.