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2023
Flag → Flag
Exports $938MRnk 51 / 220
2023
Flag → Flag
Top Product $58.1MBeer
2023
Flag → Flag
Exports $129MRnk 2 / 121
2023
Flag → Flag
Top Product $46.1MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Spain-Cuba Trade: In 2023, Spain exported $938M to Cuba. The main products that Spain exported to Cuba were Beer ($58.1M), Other Prepared Meat ($25.4M), and Insulated Wire ($24.1M). Over the past 5 years the exports of Spain to Cuba have decreased at an annualized rate of 5.26%, from $1.23B in 2018 to $938M in 2023.

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

Cuba-Spain Trade: In 2023, Cuba exported $129M to Spain. The main products that Cuba exported to Spain were Hard Liquor ($46.1M), Rolled Tobacco ($33.7M), and Wood Charcoal ($15.7M). Over the past 5 years the exports of Cuba to Spain have decreased at an annualized rate of 6.11%,  from $177M in 2018 to $129M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €50.9M and imported €9.85M from Cuba, resulting in a positive trade balance of €41M. Between November 2023 and November 2024 the exports of Spain have decreased by €-35.4M (-41%) from €86.3M to €50.9M, while imports decreased by €-1.59M (-13.9%) from €11.4M to €9.85M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€12.3M), Madrid (€10.4M), Valencia (€6.2M), Zaragoza (€2.33M), and Guipúzcoa (€2.29M), while imports destinations were mainly Valencia (€2.37M), La Rioja (€2.02M), Pontevedra (€1.95M), Vizcaya (€906k), and Valladolid (€732k).

Growth In November 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 November 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

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-35.4M(-41%)
IMPORT GROWTH (November 2023 - November 2024)€-1.59M(-13.9%)
MAIN EXPORTER (November 2024)Barcelona€12.3M

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 2023, Spain exported $938M to Cuba. The main products exported from Spain to Cuba were Beer ($58.1M), Other Prepared Meat ($25.4M), and Insulated Wire ($24.1M). During the last 5 years the exports of Spain to Cuba have decreased at an annualized rate of 5.26%, from $1.23B in 2018 to $938M in 2023.

In 2018, Cuba exported $129M to Spain. The main products exported from Cuba to Spain were Hard Liquor ($46.1M), Rolled Tobacco ($33.7M), and Wood Charcoal ($15.7M). During the last 5 years the exports of Cuba to Spain have decreased at an annualized rate of 6.11%, from $177M in 2023 to $129M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Cuba
Top DestinationChina$358M

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 2023, countries that imported more from Spain than Cuba included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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

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 2023, Spain had a large net trade with Cuba in the exports of Machines ($240M), Foodstuffs ($194M), and Metals ($87.2M).

During 2018, Cuba had a large net trade with Spain in the exports of Foodstuffs ($80.8M), Metals ($21.3M), and Wood Products ($15.8M).

Economic Complexity

Competitive Landscape

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

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

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