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Pricing

2022
Flag → Flag
Exports $27.6MRnk 86 / 208
2022
Flag → Flag
Top Product $6.67MGlass Bottles
2022
Flag → Flag
Exports $43.3MRnk 4 / 123
2022
Flag → Flag
Top Product $26.9MRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Portugal-Cuba Trade: In 2022, Portugal exported $27.6M to Cuba. The main products that Portugal exported to Cuba were Glass Bottles ($6.67M), Uncoated Paper ($2.28M), and Butter ($1.67M). Over the past 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 15%, from $62.3M in 2017 to $27.6M in 2022.

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

Cuba-Portugal Trade: In 2022, Cuba exported $43.3M to Portugal. The main products that Cuba exported to Portugal were Raw Sugar ($26.9M), Wood Charcoal ($8.81M), and Honey ($5.08M). Over the past 5 years the exports of Cuba to Portugal have increased at an annualized rate of 18.9%,  from $18.2M in 2017 to $43.3M in 2022.

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

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). 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, Portugal exported €1.09M and imported €2.36M from Cuba, resulting in a negative trade balance of €1.27M. Between August 2023 and August 2024 the exports of Portugal have decreased by €-2.37M (-68.4%) from €3.46M to €1.09M, while imports increased by €1.32M (127%) from €1.04M to €2.36M.

Trade In August 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 August 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 August 2024, the decrease in Portugal's year-by-year exports to Cuba was explained primarily by an decrease in product exports in Edible products of animal origin, n.e.s. (€-443k or -100%), Aluminum articles (€-383k or -99.5%), and Rubber & articles thereof (€-289k or -90.3%). In August 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 (August 2023 - August 2024)€-2.37M(-68.4%)
IMPORT GROWTH (August 2023 - August 2024)€1.32M(127%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $27.6M to Cuba. The main products exported from Portugal to Cuba were Glass Bottles ($6.67M), Uncoated Paper ($2.28M), and Butter ($1.67M). During the last 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 15%, from $62.3M in 2017 to $27.6M in 2022.

In 2017, Cuba exported $43.3M to Portugal. The main products exported from Cuba to Portugal were Raw Sugar ($26.9M), Wood Charcoal ($8.81M), and Honey ($5.08M). During the last 5 years the exports of Cuba to Portugal have increased at an annualized rate of 18.9%, from $18.2M in 2022 to $43.3M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Cuba
Top DestinationChina$426M

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 2022, countries that imported more from Portugal than Cuba included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Cuba than Portugal included Macau ($28.9M).

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

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 2022, Portugal had a large net trade with Cuba in the exports of Stone And Glass ($7.78M), Machines ($4.17M), and Plastics and Rubbers ($3.44M).

During 2017, Cuba had a large net trade with Portugal in the exports of Foodstuffs ($29.3M), Wood Products ($8.81M), and Animal Products ($5.08M).

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) (2022)

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