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2023
Flag → Flag
Exports $40.7MRnk 79 / 211
2023
Flag → Flag
Top Product $7.09MGlass Bottles
2023
Flag → Flag
Exports $17.1MRnk 12 / 121
2023
Flag → Flag
Top Product $13.5MWood Charcoal
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Portugal-Cuba Trade: In 2023, Portugal exported $40.7M to Cuba. The main products that Portugal exported to Cuba were Glass Bottles ($7.09M), Beer ($2.71M), and Wheat Flours ($2.63M). Over the past 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 10.5%, from $71M in 2018 to $40.7M in 2023.

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

Cuba-Portugal Trade: In 2023, Cuba exported $17.1M to Portugal. The main products that Cuba exported to Portugal were Wood Charcoal ($13.5M), Rolled Tobacco ($2.68M), and Honey ($710k). Over the past 5 years the exports of Cuba to Portugal have decreased at an annualized rate of 19.7%,  from $51.1M in 2018 to $17.1M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €3.04M and imported €1.12M from Cuba, resulting in a positive trade balance of €1.92M. Between November 2023 and November 2024 the exports of Portugal have increased by €401k (15.2%) from €2.64M to €3.04M, while imports increased by €708k (171%) from €415k to €1.12M.

Trade In November 2024, the top exports of Portugal to Cuba were Glass & glassware (€857k), Paper articles (€705k), Machinery, mechanical appliances, & parts (€506k), Soap, cleaners, candles, dental, modelling pastes (€271k), and Beverages, spirits, & vinegar (€223k). In November 2024 the top imports of Portugal from Cuba were Wood, wood articles, & charcoal (€1.78M), Machinery, mechanical appliances, & parts (€85.5k), Live animals (€0), Meat & edible offal (€0), and Fish, Crustaceans & Molluscs (€0).

Growth In November 2024, the increase in Portugal's year-by-year exports to Cuba was explained primarily by an increase in product exports in Paper articles (€493k or 233%), Machinery, mechanical appliances, & parts (€390k or 339%), and Glass & glassware (€310k or 56.6%). In November 2024, the increase in Portugal's year-by-year imports  from Cuba was explained primarily by an increase in product imports  in Wood, wood articles, & charcoal (€1.63M or 1.13k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€401k(15.2%)
IMPORT GROWTH (November 2023 - November 2024)€708k(171%)

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

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

For full datasets download visit Bulk Download page.

Explore Cuba and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $40.7M to Cuba. The main products exported from Portugal to Cuba were Glass Bottles ($7.09M), Beer ($2.71M), and Wheat Flours ($2.63M). During the last 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 10.5%, from $71M in 2018 to $40.7M in 2023.

In 2018, Cuba exported $17.1M to Portugal. The main products exported from Cuba to Portugal were Wood Charcoal ($13.5M), Rolled Tobacco ($2.68M), and Honey ($710k). During the last 5 years the exports of Cuba to Portugal have decreased at an annualized rate of 19.7%, from $51.1M in 2023 to $17.1M in 2018.

Exports from Portugal (Flag) to Cuba (Flag) (2023)

Exports from Cuba (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from Portugal than Cuba included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Difference in imports from Cuba (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Cuba

Flow
Scale

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

During 2023, Portugal had a large net trade with Cuba in the exports of Stone And Glass ($8.56M), Machines ($6.44M), and Foodstuffs ($5.23M).

During 2018, Cuba had a large net trade with Portugal in the exports of Wood Products ($13.5M), Foodstuffs ($2.68M), and Animal Products ($710k).

Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Cuba (Flag) (2023)

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