Portugal-Cuba Bilateral Trade Analysis 2023
Complete trade statistics: $57.74M total volume •Portugal surplus: $23.57M
Portugal → Cuba
$40.65M
Exports (2023)
Cuba → Portugal
$17.08M
Imports (2023)
Trade Balance
$23.57M
Surplus for Portugal
Total Trade
$57.74M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Portugal and Cuba. Green line shows exports from Portugal, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Portugal-Cuba commercial relationship and competitive positioning in global markets.
Portugal → Cuba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Portugal's export portfolio to Cuba demonstrates strategic specialization, with glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods representing a key competitive advantage in this bilateral market.
Cuba → Portugal Imports
Import Dependency Profile
📦 Import Strategy Analysis
Portugal's import pattern from Cuba reveals significant dependencyin wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Portugal demonstrates competitive strength in exportingglass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods to Cuba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $57.74M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Portugal-Cuba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $57.74 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Portugal maintains a surplus of $23.57 million
- Export Focus: Portugal's primary exports include glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods, beer: made from malt, wheat or meslin flour
- Import Dependencies: Key imports from Cuba include wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, honey: natural
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 $57.74M 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 Portugal leveraging its comparative advantages in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods.
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
Portugal's specialization in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goodscomplements Cuba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $57.74M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $57.74M 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 $57.74 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods and wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Portugal's trade surplus of $23.57 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 Portugal and Cuba represents a total trade volume of $57.74 million in 2023. This partnership demonstrates a favorable trade balance for Portugal, with exports exceeding importsby $23.57 million.
Export Strengths
Portugal's exports to Cuba total $40.65 million, with competitive advantages in glass: carboys, bottles, flasks, jars, pots, phials and other containers of glass, (not ampoules), used for the conveyance or packing of goods, representing $7.09M or17.5% of bilateral exports.
Import Dependencies
Imports from Cuba amount to $17.08 million, highlighting economic interdependence in wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, with Wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated comprising79.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Portugal'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 Portugal and Cuba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023