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2023
Exports $13.7MWorld Rnk 144 / 214
Flag Rnk 12 / 414
2023
Destination $1.8M Belgium
2022 - 2023
FASTEST GROWING MARKET $1.8MBelgium
2023
PRODUCT COMPLEXITY IN Refined Petroleum-0.94Rnk 813 / 1025
2023
Imports $50.9MWorld Rnk 191 / 226
Flag Rnk 9 / 1013
2023
Origin $26M France
2022 - 2023
FASTEST GROWING ORIGIN $26MFrance
2023
ECONOMIC COMPLEXITY of Cuba-0.42Rnk 82 / 132

About

Exports In 2023, Cuba exported $13.7M in Refined Petroleum, making it the 144th 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 ($13.7M) and Canada ($1).

The fastest growing export markets for Refined Petroleum of Cuba between 2022 and 2023 were Belgium ($1.8M).

Imports In 2023, Cuba imported $50.9M in Refined Petroleum, becoming the 191st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 9th most imported product in Cuba. Cuba imports Refined Petroleum primarily from: France ($26M), Jamaica ($5.81M), Belgium ($5.65M), Colombia ($3.29M), and Spain ($2.4M).

The fastest growing import markets in Refined Petroleum for Cuba between 2022 and 2023 were France ($26M), Jamaica ($5.81M), and Peru ($1.58M).

Latest Trends

Dec 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 (2023)$13.7M
IMPORTS (2023)$50.9M
NET TRADE (2023)-$37.2M

In 2023, Cuba exported $13.7M in Refined Petroleum. The main destinations of Cuba exports on Refined Petroleum were Belgium ($13.7M) and Canada ($1).

In 2023, Cuba imported $50.9M in Refined Petroleum, mainly from France ($26M), Jamaica ($5.81M), Belgium ($5.65M), Colombia ($3.29M), and Spain ($2.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Cuba WERE (2022 - 2023):Belgium$1.8M (15.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Cuba WERE (2022 - 2023):
Ghana-$30.1k (-100%)
Denmark-$234 (-100%)
Greece-$53 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Cuba's main exporting competitors in Refined Petroleum were:
United States $107B
Singapore $55.9B
India $55.8B
In 2023, Cuba's main importing competitors in Refined Petroleum were:
United States $68.8B
Singapore $55.7B
Australia $35.3B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
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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