2023
Flag
 GDP
$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH
27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC
$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH
26.1%CURRENT US$
Rnk 84 / 195

About

Cuba-Portugal Trade: In 2023, Cuba exported $17.1M to Portugal. The main products that Cuba exported to Portugal were Wood Charcoal ($13.5M), Rolled Tobacco ($2.68M), and Honey ($710k). Over the past 5 years the exports of Cuba to Portugal have decreased at an annualized rate of 19.7%, from $51.1M in 2018 to $17.1M in 2023.

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

Portugal-Cuba Trade: In 2023, Portugal exported $40.7M to Cuba. The main products that Portugal exported to Cuba were Glass Bottles ($7.09M), Beer ($2.71M), and Wheat Flours ($2.63M). Over the past 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 10.5%,  from $71M in 2018 to $40.7M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $17.1M to Portugal. The main products exported from Cuba to Portugal were Wood Charcoal ($13.5M), Rolled Tobacco ($2.68M), and Honey ($710k). During the last 5 years the exports of Cuba to Portugal have decreased at an annualized rate of 19.7%, from $51.1M in 2018 to $17.1M in 2023.

In 2018, Portugal exported $40.7M to Cuba. The main products exported from Portugal to Cuba were Glass Bottles ($7.09M), Beer ($2.71M), and Wheat Flours ($2.63M). During the last 5 years the exports of Portugal to Cuba have decreased at an annualized rate of 10.5%, from $71M in 2023 to $40.7M in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Portugal (Flag)

Portugal Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Portugal
Top Destination
Spain$17.7B

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

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

In 2023, countries that imported more from Portugal than Cuba included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Cuba - Portugal

Flow
Scale

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

During 2023, Cuba had a large net trade with Portugal in the exports of Wood Products ($13.5M), Foodstuffs ($2.68M), and Animal Products ($710k).

During 2018, Portugal had a large net trade with Cuba in the exports of Stone And Glass ($8.56M), Machines ($6.44M), and Foodstuffs ($5.23M).

Economic Complexity

Competitive Landscape

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

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

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