2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

Bolivia-Cuba Trade: In 2022, Bolivia exported $212k to Cuba. The main products that Bolivia exported to Cuba were Knit Socks and Hosiery ($71.8k), Plastic Lids ($43.8k), and Textile Footwear ($21.2k). Over the past 5 years the exports of Bolivia to Cuba have decreased at an annualized rate of 36.2%, from $2M in 2017 to $212k in 2022.

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

Cuba-Bolivia Trade: In 2022, Cuba exported $2.58M to Bolivia. The main products that Cuba exported to Bolivia were Hard Liquor ($2.46M), Vaccines, blood, antisera, toxins and cultures ($123k), and Other Animals ($676). Over the past 5 years the exports of Cuba to Bolivia have increased at an annualized rate of 11%,  from $1.53M in 2017 to $2.58M in 2022.

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

Comparison In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85),  and 93 in total exports ($13.8B). 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, Bolivia exported $212k to Cuba. The main products exported from Bolivia to Cuba were Knit Socks and Hosiery ($71.8k), Plastic Lids ($43.8k), and Textile Footwear ($21.2k). During the last 5 years the exports of Bolivia to Cuba have decreased at an annualized rate of 36.2%, from $2M in 2017 to $212k in 2022.

In 2017, Cuba exported $2.58M to Bolivia. The main products exported from Cuba to Bolivia were Hard Liquor ($2.46M), Vaccines, blood, antisera, toxins and cultures ($123k), and Other Animals ($676). During the last 5 years the exports of Cuba to Bolivia have increased at an annualized rate of 11%, from $1.53M in 2022 to $2.58M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Cuba
Top Destination
China$426M

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

In 2022, countries that imported more from Bolivia than Cuba included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Cuba than Bolivia included Portugal ($43.3M), Switzerland ($41.4M), and Cyprus ($31.2M).

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

Comparative Advantage Bolivia - Cuba

Flow
Scale

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

During 2022, Bolivia had a large net trade with Cuba in the exports of Textiles ($125k), Plastics and Rubbers ($63.8k), and Footwear and Headwear ($22.1k).

During 2017, Cuba had a large net trade with Bolivia in the exports of Foodstuffs ($2.46M), Chemical Products ($123k), and Animal Products ($676).

Economic Complexity

Competitive Landscape

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

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

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