2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%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.

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 Destination
Germany$78.1B
Cuba
Top Destination
China$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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