Cuba (CUB) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Cuba-Iceland Trade: In 2023, Cuba exported $156k to Iceland. The main products that Cuba exported to Iceland were Hard Liquor ($80.4k), Rolled Tobacco ($74.9k), and Other Vegetables ($737). Over the past 5 years the exports of Cuba to Iceland have decreased at an annualized rate of 4%, from $192k in 2018 to $156k in 2023.

In 2023, Cuba did not export any services to Iceland.

Iceland-Cuba Trade: In 2023, Iceland exported $500k to Cuba. The main products that Iceland exported to Cuba were Fish Fillets ($500k). Over the past 5 years the exports of Iceland to Cuba have increased at an annualized rate of 4.78%, from $396k in 2018 to $500k in 2023.

In 2023, Iceland did not export any services to Cuba.

Comparison In 2023, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Cuba exported $156k to Iceland. The main products exported from Cuba to Iceland were Hard Liquor ($80.4k), Rolled Tobacco ($74.9k), and Other Vegetables ($737). During the last 5 years the exports of Cuba to Iceland have decreased at an annualized rate of 4%, from $192k in 2018 to $156k in 2023.

In 2018, Iceland exported $500k to Cuba. The main products exported from Iceland to Cuba were Fish Fillets ($500k). During the last 5 years the exports of Iceland to Cuba have increased at an annualized rate of 4.78%, from $396k in 2023 to $500k in 2018.

Exports from Cuba () to Iceland () (2023)

Exports from Iceland () to Cuba () (2023)

Latest Data

Trade between Cuba () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cuba
Top DestinationChina$358M

Iceland
Top DestinationNetherlands$1.97B

This map shows whether countries import more from Cuba or Iceland. Each country is colored based on the difference in imports they receive from Cuba and Iceland or the difference in the growth in imports.

In 2023, countries that imported more from Cuba than Iceland included China ($358M), Hong Kong ($43.7M), and Cyprus ($42.5M).

In 2023, countries that imported more from Iceland than Cuba included Netherlands ($1.97B), United States ($735M), and Germany ($771M).

Difference in imports from Iceland () and Cuba () (2023)

Comparative Advantage Cuba - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Cuba had a large net trade with Iceland in the exports of Foodstuffs ($155k) and Vegetable Products ($737).

During 2018, Iceland had a large net trade with Cuba in the exports of Animal Products ($500k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Cuba and Iceland. This means that a dot/product with the flag of Cuba indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Cuba.

About

Historical Data

Bilateral Trade by Products

Exports from Cuba () to Iceland () (2023)

Exports from Iceland () to Cuba () (2023)

Latest Data

Trade between Cuba () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Cuba () (2023)

Comparative Advantage Cuba - Iceland

Economic Complexity

Competitive Landscape

Product Space of Cuba () and Iceland () (2023)

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