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2022
Flag → Flag
Exports $21.3MRnk 9 / 123
2022
Flag → Flag
Top Product $5.3MCrude Petroleum
2022
Flag → Flag
Exports $169MRnk 106 / 221
2022
Flag → Flag
Top Product $11.1MOther Plastic Products
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Cuba-Italy Trade: In 2022, Cuba exported $21.3M to Italy. The main products that Cuba exported to Italy were Crude Petroleum ($5.3M), Wood Charcoal ($4.94M), and Rolled Tobacco ($3.91M). Over the past 5 years the exports of Cuba to Italy have decreased at an annualized rate of 0.81%, from $22.2M in 2017 to $21.3M in 2022.

In 2022, Cuba did not export any services to Italy.

Italy-Cuba Trade: In 2022, Italy exported $169M to Cuba. The main products that Italy exported to Cuba were Other Plastic Products ($11.1M), Kaolin Coated Paper ($5.39M), and Electrical Control Boards ($5.16M). Over the past 5 years the exports of Italy to Cuba have decreased at an annualized rate of 14.6%,  from $372M in 2017 to $169M in 2022.

In 2022, Italy did not export any services to Cuba.

Comparison In 2022,  Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cuba exported $21.3M to Italy. The main products exported from Cuba to Italy were Crude Petroleum ($5.3M), Wood Charcoal ($4.94M), and Rolled Tobacco ($3.91M). During the last 5 years the exports of Cuba to Italy have decreased at an annualized rate of 0.81%, from $22.2M in 2017 to $21.3M in 2022.

In 2017, Italy exported $169M to Cuba. The main products exported from Italy to Cuba were Other Plastic Products ($11.1M), Kaolin Coated Paper ($5.39M), and Electrical Control Boards ($5.16M). During the last 5 years the exports of Italy to Cuba have decreased at an annualized rate of 14.6%, from $372M in 2022 to $169M in 2017.

Exports from Cuba (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Cuba (Flag) (2022)

Latest Data

Trade between Cuba (Flag) and Italy (Flag)

Italy Exports

Market Competitiveness

Color
Cuba
Top DestinationChina$426M
Italy
Top DestinationGermany$78.5B

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 2022, no countries were registered that imported more from Cuba than from Italy.

In 2022, countries that imported more from Italy than Cuba included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Cuba (Flag) (2022)

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 2022, Cuba had a large net trade with Italy in the exports of Foodstuffs ($7.78M), Mineral Products ($5.3M), and Wood Products ($4.95M).

During 2017, Italy had a large net trade with Cuba in the exports of Machines ($57.9M), Plastics and Rubbers ($27.9M), and Chemical Products ($21.9M).

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) (2022)

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