Cuba-Greece Bilateral Trade Analysis 2023
Complete trade statistics: $14.08M total volume •Cuba surplus: $14.08M
Cuba → Greece
$14.08M
Exports (2023)
Greece → Cuba
$0
Imports (2023)
Trade Balance
$14.08M
Surplus for Cuba
Total Trade
$14.08M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cuba and Greece. Green line shows exports from Cuba, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Cuba-Greece commercial relationship and competitive positioning in global markets.
Cuba → Greece Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cuba's export portfolio to Greece demonstrates strategic specialization, with wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated representing a key competitive advantage in this bilateral market.
Greece → Cuba Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cuba's import pattern from Greece reveals significant dependencyin engines: parts for internal combustion piston engines (excluding spark-ignition), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cuba demonstrates competitive strength in exportingwood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated to Greece, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $14.08M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cuba-Greece Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $14.08 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Cuba maintains a surplus of $14.08 million
- Export Focus: Cuba's primary exports include wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, rum and other spirits obtained by distilling fermented sugar-cane products, vodka
- Import Dependencies: Key imports from Greece include engines: parts for internal combustion piston engines (excluding spark-ignition), lubricating oil additives: containing petroleum oils or oils obtained from bituminous minerals, food preparations: pasta, uncooked (excluding that containing eggs), not stuffed or otherwise prepared
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $14.08M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Cuba leveraging its comparative advantages in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Cuba's specialization in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomeratedcomplements Greece's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in engines: parts for internal combustion piston engines (excluding spark-ignition).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $14.08M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $14.08M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $14.08 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated and engines: parts for internal combustion piston engines (excluding spark-ignition) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cuba's trade surplus of $14.08 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Cuba and Greece represents a total trade volume of $14.08 million in 2023. This partnership demonstrates a favorable trade balance for Cuba, with exports exceeding importsby $14.08 million.
Export Strengths
Cuba's exports to Greece total $14.08 million, with competitive advantages in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, representing $12.85M or91.3% of bilateral exports.
Import Dependencies
Imports from Greece amount to $0.00, highlighting economic interdependence in engines: parts for internal combustion piston engines (excluding spark-ignition), with Engines: parts for internal combustion piston engines (excluding spark-ignition) comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Cuba's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Cuba and Greece in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023