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2023
Flag → Flag
Exports $21MRnk 10 / 121
2023
Flag → Flag
Top Product $8.63MWood Charcoal
2023
Flag → Flag
Exports $176MRnk 107 / 219
2023
Flag → Flag
Top Product $8MCentrifuges
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Cuba-Italy Trade: In 2023, Cuba exported $21M to Italy. The main products that Cuba exported to Italy were Wood Charcoal ($8.63M), Rolled Tobacco ($5.28M), and Hard Liquor ($3.18M). Over the past 5 years the exports of Cuba to Italy have increased at an annualized rate of 4.19%, from $17.1M in 2018 to $21M in 2023.

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

Italy-Cuba Trade: In 2023, Italy exported $176M to Cuba. The main products that Italy exported to Cuba were Centrifuges ($8M), Machinery Having Individual Functions ($7.06M), and Washing and Bottling Machines ($6.47M). Over the past 5 years the exports of Italy to Cuba have decreased at an annualized rate of 15.1%,  from $400M in 2018 to $176M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $21M to Italy. The main products exported from Cuba to Italy were Wood Charcoal ($8.63M), Rolled Tobacco ($5.28M), and Hard Liquor ($3.18M). During the last 5 years the exports of Cuba to Italy have increased at an annualized rate of 4.19%, from $17.1M in 2018 to $21M in 2023.

In 2018, Italy exported $176M to Cuba. The main products exported from Italy to Cuba were Centrifuges ($8M), Machinery Having Individual Functions ($7.06M), and Washing and Bottling Machines ($6.47M). During the last 5 years the exports of Italy to Cuba have decreased at an annualized rate of 15.1%, from $400M in 2023 to $176M in 2018.

Exports from Cuba (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Cuba (Flag) (2023)

Latest Data

Trade between Cuba (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Cuba
Top DestinationChina$358M
Italy
Top DestinationGermany$71.4B

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

In 2023, no countries were registered that imported more from Cuba than from Italy.

In 2023, countries that imported more from Italy than Cuba included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

Difference in imports from Italy (Flag) and Cuba (Flag) (2023)

Comparative Advantage Cuba - Italy

Flow
Scale

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

During 2023, Cuba had a large net trade with Italy in the exports of Foodstuffs ($8.88M), Wood Products ($8.63M), and Vegetable Products ($2.07M).

During 2018, Italy had a large net trade with Cuba in the exports of Machines ($65M), Chemical Products ($24.6M), and Plastics and Rubbers ($19.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Cuba (Flag) and Italy (Flag) (2023)

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