2022
Exports
$10.5MWorld Rnk 138 / 214
Flag Rnk 12 / 414
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$22.2MWorld Rnk 202 / 225
Flag Rnk 30 / 1004

About

Exports In 2022, Cuba exported $10.5M in Refined Petroleum, making it the 138th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 12th most exported product in Cuba. The main destination of Refined Petroleum exports from Cuba are: Belgium ($10.5M), Denmark ($207), Greece ($47), and Canada ($35).

The fastest growing export markets for Refined Petroleum of Cuba between 2021 and 2022 were Denmark ($207), Greece ($47), and Canada ($29).

Imports In 2022, Cuba imported $22.2M in Refined Petroleum, becoming the 202nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 30th most imported product in Cuba. Cuba imports Refined Petroleum primarily from: Belgium ($10.3M), Estonia ($3.6M), Colombia ($3.27M), Spain ($2.28M), and Mexico ($591k).

The fastest growing import markets in Refined Petroleum for Cuba between 2021 and 2022 were Belgium ($4.18M), Estonia ($3.6M), and Colombia ($2.53M).

Latest Trends

Aug 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 Refined 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)$10.5M
IMPORTS (2022)$22.2M
NET TRADE (2022)-$11.6M

In 2022, Cuba exported $10.5M in Refined Petroleum. The main destinations of Cuba exports on Refined Petroleum were Belgium ($10.5M), Denmark ($207), Greece ($47), and Canada ($35).

In 2022, Cuba imported $22.2M in Refined Petroleum, mainly from Belgium ($10.3M), Estonia ($3.6M), Colombia ($3.27M), Spain ($2.28M), and Mexico ($591k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Cuba WERE (2021 - 2022):
Denmark$207 (1%)
Greece$47 (1%)
Canada$29 (483%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Cuba WERE (2021 - 2022):Belgium-$22.6M (-68.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Cuba's main exporting competitors in Refined Petroleum were:
In 2022, Cuba's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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