Iceland (ISL) and Cuba (CUB) Trade | The Observatory of Economic Complexity

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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 6 years the exports of Iceland to Cuba have decreased at an annualized rate of 18.6%, from $1.62M in 2016 to $471k in 2022.

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

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 6 years the exports of Cuba to Iceland have increased at an annualized rate of 3.28%, from $126k in 2016 to $198k in 2022.

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

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $471k to Cuba. The main products exported from Iceland to Cuba were Fish Fillets ($471k). During the last 6 years the exports of Iceland to Cuba have decreased at an annualized rate of 18.6%, from $1.62M in 2016 to $471k in 2022.

In 2017, 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 3.28%, from $126k in 2022 to $198k in 2017.

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

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

Latest Data

Trade between Iceland () and Cuba ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Cuba
Top DestinationChina$426M

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

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

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

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

Comparative Advantage Iceland - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Cuba in the exports of Animal Products ($471k).

During 2017, Cuba had a large net trade with Iceland in the exports of Foodstuffs ($197k), Vegetable Products ($1.17k), and Transportation ($200).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Cuba ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Cuba

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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