Flag Portugal / Cuba Flag

Exports FlagFlag  (2018): $55.4M, Rnk 64 / 201

Top Product FlagFlag (2018): $9.54M, Glass Bottles

Exports FlagFlag (2018): $48.3M, Rnk 5 / 114

Top Product FlagFlag (2018): $39.4M, Raw Sugar

Economic Complexity of Flag (2018): ECI 0.46, Rnk 48 / 137

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

Portugal-Cuba: In 2018, Portugal exported $55.4M to Cuba. The main products exported from Portugal to Cuba were Glass Bottles ($9.54M), Iron Structures ($5.5M), and Ethylene Polymers ($4.97M). During the last 23 years the exports of Portugal to Cuba have increased at an annualized rate of 7.01%, from $11.7M in 1995 to $55.4M in 2018.

Cuba-Portugal: In 2018, Cuba exported $48.3M to Portugal. The main products exported from Cuba to Portugal were Raw Sugar ($39.4M), Wood Charcoal ($7.28M), and Rolled Tobacco ($1.4M). During the last 23 years the exports of Cuba to Portugal have increased at an annualized rate of 3.51%, from $21.9M in 1995 to $48.3M in 2018.

Comparison: In 2018, Portugal ranked 48 in the Economic Complexity Index (ECI 0.46), and 44 in total exports ($72B). That same year, Cuba ranked 92 in the Economic Complexity Index (ECI -0.54), and 146 in total exports ($1.18B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Portugal exported $55.4M to Cuba. The main products exported from Portugal to Cuba were Glass Bottles ($9.54M), Iron Structures ($5.5M), and Ethylene Polymers ($4.97M). During the last 23 years the exports of Portugal to Cuba have increased at an annualized rate of 7.01%, from $11.7M in 1995 to $55.4M in 2018.

In 2018, Cuba exported $48.3M to Portugal. The main products exported from Cuba to Portugal were Raw Sugar ($39.4M), Wood Charcoal ($7.28M), and Rolled Tobacco ($1.4M). During the last 23 years the exports of Cuba to Portugal have increased at an annualized rate of 3.51%, from $21.9M in 1995 to $48.3M in 2018.

Market Competitiveness

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Measure

Portugal
Top Destination
: Spain, $16.8B

Cuba
Top Destination
: China, $446M

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 2018, countries that imported more from Portugal than Cuba were Spain ($16.8B), France ($9.07B), and Germany ($8.44B).

In 2018, countries that imported more from Cuba than Portugal were Guyana ($1.72M).

Comparative Advantage Portugal - Cuba

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Depth

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

During 2018, Portugal had a large net trade with Cuba in the exports of Metals ($11.5M), Stone And Glass ($11M), and Plastics and Rubbers ($8.67M).

During 2018, Cuba had a large net trade with Portugal in the exports of Foodstuffs ($40.8M), Wood Products ($7.28M), and Animal Products ($266k).

Tariff Section

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

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