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2022
Flag → Flag
Exports $812MRnk 53 / 218
2022
Flag → Flag
Top Product $27.2MPig Meat
2022
Flag → Flag
Exports $139MRnk 2 / 123
2022
Flag → Flag
Top Product $42.7MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Cuba Trade: In 2022, Spain exported $812M to Cuba. The main products that Spain exported to Cuba were Pig Meat ($27.2M), Beer ($21M), and Other Prepared Meat ($18.9M). Over the past 5 years the exports of Spain to Cuba have decreased at an annualized rate of 5.65%, from $1.09B in 2017 to $812M in 2022.

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

Cuba-Spain Trade: In 2022, Cuba exported $139M to Spain. The main products that Cuba exported to Spain were Hard Liquor ($42.7M), Crustaceans ($28.7M), and Rolled Tobacco ($26.9M). Over the past 5 years the exports of Cuba to Spain have decreased at an annualized rate of 10.7%,  from $244M in 2017 to $139M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €53.5M and imported €5.87M from Cuba, resulting in a positive trade balance of €47.7M. Between August 2023 and August 2024 the exports of Spain have decreased by €-6.81M (-11.3%) from €60.3M to €53.5M, while imports decreased by €-3.84M (-39.6%) from €9.71M to €5.87M.

Trade In August 2024, the top exports of Spain to Cuba were Valves (€3.09M), Beer (€2.97M), Computers (€2.74M), Pig Meat (€2.68M), and Excavation Machinery (€1.6M). In August 2024 the top imports of Spain from Cuba were Hard Liquor (€4.57M), Rolled Tobacco (€2.02M), Wood Charcoal (€803k), Scrap Copper (€798k), and Honey (€459k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€11.7M), Madrid (€10.8M), Valencia (€6.4M), Guipúzcoa (€2.52M), and Zaragoza (€2.09M), while imports destinations were mainly Valencia (€1.51M), Vizcaya (€1.08M), Valladolid (€1.03M), La Rioja (€869k), and Madrid (€428k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Cuba was explained primarily by an decrease in product exports in Other Prepared Meat (€-2.29M or -66.1%), Cold-Rolled Iron (€-1.58M or -100%), and Nonaqueous Paints (€-989k or -89.5%). In August 2024, the decrease in Spain's year-by-year imports  from Cuba was explained primarily by an decrease in product imports  in Wood Charcoal (€-256k or -24.1%), Fruit Juice (€-11.5k or -94.3%), and Commodities not elsewhere specified (€-8.07k or -32%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-6.81M(-11.3%)
IMPORT GROWTH (August 2023 - August 2024)€-3.84M(-39.6%)
MAIN EXPORTER (August 2024)Barcelona€11.7M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Cuba and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $812M to Cuba. The main products exported from Spain to Cuba were Pig Meat ($27.2M), Beer ($21M), and Other Prepared Meat ($18.9M). During the last 5 years the exports of Spain to Cuba have decreased at an annualized rate of 5.65%, from $1.09B in 2017 to $812M in 2022.

In 2017, Cuba exported $139M to Spain. The main products exported from Cuba to Spain were Hard Liquor ($42.7M), Crustaceans ($28.7M), and Rolled Tobacco ($26.9M). During the last 5 years the exports of Cuba to Spain have decreased at an annualized rate of 10.7%, from $244M in 2022 to $139M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from Spain than Cuba included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Cuba than from Spain.

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

Comparative Advantage Spain - Cuba

Flow
Scale

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

During 2022, Spain had a large net trade with Cuba in the exports of Machines ($219M), Foodstuffs ($116M), and Metals ($107M).

During 2017, Cuba had a large net trade with Spain in the exports of Foodstuffs ($70.4M), Animal Products ($30.3M), and Metals ($25.1M).

Economic Complexity

Competitive Landscape

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

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

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