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2022
Exports $5.3MWorld Rnk 96 / 149
Flag Rnk 21 / 414
2022
Destination $5.3M Italy
2021 - 2022
FASTEST GROWING MARKET $5.3MItaly
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $8.26kWorld Rnk 128 / 158
Flag Rnk 894 / 1004
2022
Origin $1.8k Spain
2021 - 2022
FASTEST GROWING ORIGIN $1.8kSpain

About

Exports In 2022, Cuba exported $5.3M in Crude Petroleum, making it the 96th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 21st most exported product in Cuba. The main destination of Crude Petroleum exports from Cuba are: Italy ($5.3M) and China ($905).

The fastest growing export markets for Crude Petroleum of Cuba between 2021 and 2022 were Italy ($5.3M) and China ($905).

Imports In 2022, Cuba imported $8.26k in Crude Petroleum, becoming the 128th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 894th most imported product in Cuba. Cuba imports Crude Petroleum primarily from: Spain ($7.98k) and Mexico ($280).

The fastest growing import markets in Crude Petroleum for Cuba between 2021 and 2022 were Spain ($1.8k) and Mexico ($280).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.3M
IMPORTS (2022)$8.26k
NET TRADE (2022)$5.3M

In 2022, Cuba exported $5.3M in Crude Petroleum. The main destinations of Cuba exports on Crude Petroleum were Italy ($5.3M) and China ($905).

In 2022, Cuba imported $8.26k in Crude Petroleum, mainly from Spain ($7.98k) and Mexico ($280).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Cuba WERE (2021 - 2022):
Italy$5.3M (1%)
China$905 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Cuba WERE (2021 - 2022):Belgium-$8.27M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cuba's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Cuba's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Crude Petroleum’s highest export potential is N/A. With an export gap of N/A.   Crude Petroleum’s highest import potential is N/A with an import gap of N/A.

See methodology.

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