Italy (ITA) and Cuba (CUB) Trade | The Observatory of Economic Complexity

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Italy-Cuba Trade: In 2023, Italy exported $176M to Cuba. The main products that Italy exported to Cuba were Centrifuges ($8M), Machinery Having Individual Functions ($7.06M), and Washing and Bottling Machines ($6.47M). Over the past 5 years the exports of Italy to Cuba have decreased at an annualized rate of 15.1%, from $400M in 2018 to $176M in 2023.

In 2023, Italy did not export any services to Cuba.

Cuba-Italy Trade: In 2023, Cuba exported $21M to Italy. The main products that Cuba exported to Italy were Wood Charcoal ($8.63M), Rolled Tobacco ($5.28M), and Hard Liquor ($3.18M). Over the past 5 years the exports of Cuba to Italy have increased at an annualized rate of 4.19%, from $17.1M in 2018 to $21M in 2023.

In 2023, Cuba did not export any services to Italy.

Comparison: In 2023, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Latest Trends

N/A

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Overview In N/A, Italy exported €N/A and imported €N/A from Cuba, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Growth In N/A, the N/A in Italy's year-by-year exports to Cuba was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Cuba was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Italy exported $176M to Cuba. The main products exported from Italy to Cuba were Centrifuges ($8M), Machinery Having Individual Functions ($7.06M), and Washing and Bottling Machines ($6.47M). During the last 5 years the exports of Italy to Cuba have decreased at an annualized rate of 15.1%, from $400M in 2018 to $176M in 2023.

In 2018, Cuba exported $21M to Italy. The main products exported from Cuba to Italy were Wood Charcoal ($8.63M), Rolled Tobacco ($5.28M), and Hard Liquor ($3.18M). During the last 5 years the exports of Cuba to Italy have increased at an annualized rate of 4.19%, from $17.1M in 2023 to $21M in 2018.

Exports from Italy () to Cuba () (2023)

Exports from Cuba () to Italy () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$71.4B

Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from Italy than Cuba included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Cuba than from Italy.

Difference in imports from Cuba () and Italy () (2023)

Comparative Advantage Italy - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Italy had a large net trade with Cuba in the exports of Machines ($65M), Chemical Products ($24.6M), and Plastics and Rubbers ($19.9M).

During 2018, Cuba had a large net trade with Italy in the exports of Foodstuffs ($8.88M), Wood Products ($8.63M), and Vegetable Products ($2.07M).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Cuba () (2023)

Exports from Cuba () to Italy () (2023)

Market Competitiveness

Difference in imports from Cuba () and Italy () (2023)

Comparative Advantage Italy - Cuba

Economic Complexity

Competitive Landscape

Product Space of Italy () and Cuba () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Cuba () (2023)

Exports from Cuba () to Italy () (2023)

Market Competitiveness

Difference in imports from Cuba () and Italy () (2023)

Comparative Advantage Italy - Cuba

Economic Complexity

Competitive Landscape

Product Space of Italy () and Cuba () (2023)

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