2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Cuba-Norway Trade: In 2023, Cuba exported $1.46M to Norway. The main products that Cuba exported to Norway were Rolled Tobacco ($1.11M), Hard Liquor ($324k), and Large Construction Vehicles ($21.7k). Over the past 5 years the exports of Cuba to Norway have decreased at an annualized rate of 3.46%, from $1.75M in 2018 to $1.46M in 2023.

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

Norway-Cuba Trade: In 2023, Norway exported $397k to Cuba. The main products that Norway exported to Cuba were Surveying Equipment ($296k), Air Pumps ($49.8k), and Thermostats ($19.1k). Over the past 5 years the exports of Norway to Cuba have decreased at an annualized rate of 51.2%,  from $14.4M in 2018 to $397k in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $1.46M to Norway. The main products exported from Cuba to Norway were Rolled Tobacco ($1.11M), Hard Liquor ($324k), and Large Construction Vehicles ($21.7k). During the last 5 years the exports of Cuba to Norway have decreased at an annualized rate of 3.46%, from $1.75M in 2018 to $1.46M in 2023.

In 2018, Norway exported $397k to Cuba. The main products exported from Norway to Cuba were Surveying Equipment ($296k), Air Pumps ($49.8k), and Thermostats ($19.1k). During the last 5 years the exports of Norway to Cuba have decreased at an annualized rate of 51.2%, from $14.4M in 2023 to $397k in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Norway (Flag)

Norway Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Cuba than Norway included Macau ($29.2M), Andorra ($3.77M), and Cape Verde ($499k).

In 2023, countries that imported more from Norway than Cuba included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Cuba - Norway

Flow
Scale

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

During 2023, Cuba had a large net trade with Norway in the exports of Foodstuffs ($1.44M), Machines ($22.2k), and Textiles ($1.53k).

During 2018, Norway had a large net trade with Cuba in the exports of Instruments ($315k), Machines ($60.4k), and Animal Products ($6.06k).

Economic Complexity

Competitive Landscape

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

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

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