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Pricing

2022
Flag → Flag
Exports $812MRnk 53 / 218
2022
Flag → Flag
Top Product $27.2MPig Meat
2022
Flag → Flag
Exports $139MRnk 2 / 123
2022
Flag → Flag
Top Product $42.7MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Spain-Cuba Trade: In 2022, Spain exported $812M to Cuba. The main products that Spain exported to Cuba were Pig Meat ($27.2M), Beer ($21M), and Other Prepared Meat ($18.9M). Over the past 5 years the exports of Spain to Cuba have decreased at an annualized rate of 5.65%, from $1.09B in 2017 to $812M in 2022.

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

Cuba-Spain Trade: 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). Over the past 5 years the exports of Cuba to Spain have decreased at an annualized rate of 9%,  from $244M in 2017 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 0.81),  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

July, 2024

About

Overview In July 2024, Spain exported €69.9M and imported €9.94M from Cuba, resulting in a positive trade balance of €60M. Between July 2023 and July 2024 the exports of Spain have decreased by €-16.9M (-19.5%) from €86.8M to €69.9M, while imports increased by €705k (7.63%) from €9.24M to €9.94M.

Trade In July 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 July 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 July 2024 the exports of Spain were mainly from Madrid (€15M), Barcelona (€12.6M), Valencia (€7.02M), Zaragoza (€5.52M), and Guipúzcoa (€4.19M), while imports destinations were mainly Valencia (€2.84M), La Rioja (€1.77M), Vizcaya (€1.56M), Barcelona (€894k), and Valladolid (€782k).

Growth In July 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 July 2024, the increase in Spain's year-by-year imports  from Cuba was explained primarily by an increase in product imports  in Hard Liquor (€379k or 9.05%), Honey (€304k or 197%), and Rolled Tobacco (€237k or 13.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-16.9M(-19.5%)
IMPORT GROWTH (July 2023 - July 2024)€705k(7.63%)
MAIN EXPORTER (July 2024)Madrid€15M

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.

Explore Cuba and Spain Data

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Historical Data

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 2022, countries that imported more from Spain than Cuba included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

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) (NaN)

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