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2022
Flag → Flag
Exports $1.45MRnk 151 / 209
2022
Flag → Flag
Top Product $1.41MOther Precious Metal Products
2022
Flag → Flag
Exports $3.03MRnk 36 / 123
2022
Flag → Flag
Top Product $1.63MPlatinum
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Cuba Trade: In 2022, Norway exported $1.45M to Cuba. The main products that Norway exported to Cuba were Other Precious Metal Products ($1.41M), Interchangeable Tool Parts ($31.8k), and Buses ($5.72k). Over the past 5 years the exports of Norway to Cuba have decreased at an annualized rate of 14.1%, from $3.11M in 2017 to $1.45M in 2022.

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

Cuba-Norway Trade: In 2022, Cuba exported $3.03M to Norway. The main products that Cuba exported to Norway were Platinum ($1.63M), Rolled Tobacco ($1.02M), and Hard Liquor ($260k). Over the past 5 years the exports of Cuba to Norway have increased at an annualized rate of 6.7%,  from $2.19M in 2017 to $3.03M in 2022.

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

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK90k and imported NOK983k from Cuba, resulting in a negative trade balance of NOK893k. Between October 2023 and October 2024 the exports of Norway have increased by NOK86k (2.15k%) from NOK4k to NOK90k, while imports decreased by NOK-184k (-15.8%) from NOK1.17M to NOK983k.

Trade In October 2024, the top exports of Norway to Cuba were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In October 2024 the top imports of Norway from Cuba were Tobacco and tobacco manufactures (NOK826k), Beverages (NOK36k), Miscellaneous manufactured articles, n.e.s. (NOK9k), Articles of apparel and clothing accessories (NOK6k), and Live animals other than animals of... (NOK0).

Growth In October 2024, the increase in Norway's year-by-year exports to Cuba was explained primarily by an increase in product exports in . In October 2024, the decrease in Norway's year-by-year imports  from Cuba was explained primarily by an decrease in product imports  in Non-ferrous metals (NOK-15.7M or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK86k(2.15k%)
IMPORT GROWTH (October 2023 - October 2024)NOK-184k(-15.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Cuba and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.45M to Cuba. The main products exported from Norway to Cuba were Other Precious Metal Products ($1.41M), Interchangeable Tool Parts ($31.8k), and Buses ($5.72k). During the last 5 years the exports of Norway to Cuba have decreased at an annualized rate of 14.1%, from $3.11M in 2017 to $1.45M in 2022.

In 2017, Cuba exported $3.03M to Norway. The main products exported from Cuba to Norway were Platinum ($1.63M), Rolled Tobacco ($1.02M), and Hard Liquor ($260k). During the last 5 years the exports of Cuba to Norway have increased at an annualized rate of 6.7%, from $2.19M in 2022 to $3.03M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from Norway than Cuba included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Cuba than Norway included Macau ($28.9M) and Andorra ($4.23M).

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

Comparative Advantage Norway - Cuba

Flow
Scale

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

During 2022, Norway had a large net trade with Cuba in the exports of Precious Metals ($1.41M), Metals ($31.8k), and Transportation ($5.72k).

During 2017, Cuba had a large net trade with Norway in the exports of Precious Metals ($1.63M), Foodstuffs ($1.33M), and Plastics and Rubbers ($56.1k).

Economic Complexity

Competitive Landscape

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

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

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