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2022
Flag → Flag
Exports $812MRnk 53 / 218
2022
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Top Product $27.2MPig Meat
2022
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Exports $139MRnk 2 / 123
2022
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Top Product $42.7MHard Liquor
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Cuba In 2022, Spain exported $812M to Cuba. The main products that Spain exported to Cuba are Pig Meat ($27.2M), Beer ($21M), and Other Prepared Meat ($18.9M). During the last 27 years the exports of Spain to Cuba have increased at an annualized rate of 2.7%, from $395M in 1995 to $812M in 2022.

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

Cuba-Spain In 2022, Cuba exported $139M to Spain. The main products that Cuba exported to Spain were Hard Liquor ($42.7M), Crustaceans ($28.7M), and Rolled Tobacco ($26.9M). During the last 27 years the exports of Cuba to Spain have increased at an annualized rate of 1.5%, from $92.7M in 1995 to $139M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8),  and 20 in total exports ($394B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €59.2M and imported €9.22M from Cuba, resulting in a positive trade balance of €50M. Between January 2023 and January 2024 the exports of Spain have decreased by €-6.13M (-9.38%) from €65.3M to €59.2M, while imports decreased by €-483k (-4.98%) from €9.7M to €9.22M.

Trade In January 2024, the top exports of Spain to Cuba were Valves (€3.09M), Beer (€2.97M), Computers (€2.74M), Pig Meat (€2.68M), and Excavation Machinery (€1.6M). In January 2024 the top imports of Spain from Cuba were Hard Liquor (€4.57M), Rolled Tobacco (€2.02M), Wood Charcoal (€803k), Scrap Copper (€798k), and Honey (€459k).

Origins In January 2024 the exports of Spain were mainly from Barcelona (€14.3M), Madrid (€11.9M), Valencia (€8.89M), Vizcaya (€3.06M), and Guipúzcoa (€2.86M), while imports destinations were mainly Valencia (€4.2M), Vizcaya (€1.31M), La Rioja (€1.06M), Pontevedra (€620k), and Cádiz (€589k).

Growth In January 2024, the decrease in Spain's year-by-year exports to Cuba was explained primarily by an decrease in product exports in Other Prepared Meat (€-2.29M or -66.1%), Cold-Rolled Iron (€-1.58M or -100%), and Nonaqueous Paints (€-989k or -89.5%). In January 2024, the decrease in Spain's year-by-year imports  from Cuba was explained primarily by an decrease in product imports  in Wood Charcoal (€-256k or -24.1%), Fruit Juice (€-11.5k or -94.3%), and Commodities not elsewhere specified (€-8.07k or -32%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-6.13M(-9.38%)
IMPORT GROWTH (January 2023 - January 2024)€-483k(-4.98%)
MAIN EXPORTER (January 2024)Barcelona€14.3M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Cuba and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $812M to Cuba. The main products exported from Spain to Cuba were Pig Meat ($27.2M), Beer ($21M), and Other Prepared Meat ($18.9M). During the last 27 years the exports of Spain to Cuba have increased at an annualized rate of 2.7%, from $395M in 1995 to $812M in 2022.

In 2022, Cuba exported $139M to Spain. The main products exported from Cuba to Spain were Hard Liquor ($42.7M), Crustaceans ($28.7M), and Rolled Tobacco ($26.9M). During the last 27 years the exports of Cuba to Spain have increased at an annualized rate of 1.5%, from $92.7M in 1995 to $139M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Cuba
Top DestinationChina$426M

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

In 2021, countries that imported more from Spain than Cuba were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2019, no countries were registered that imported more from Cuba than from Spain.

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

Comparative Advantage Spain - Cuba

Flow
Scale

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

During 2022, Spain had a large net trade with Cuba in the exports of Machines ($219M), Foodstuffs ($116M), and Metals ($107M).

During 2022, Cuba had a large net trade with Spain in the exports of Foodstuffs ($70.4M), Animal Products ($30.3M), and Metals ($25.1M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Cuba. Similarly, the more yellow a dot/product is, the more Cuba has comparative advantage over Spain.

Product Space of Spain (Flag) and Cuba (Flag) (2022)

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