2023
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GDP
$885BCURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 125 / 195
2023
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GDP PC 
$99,565CURRENT US$
Rnk 5 / 195
2013-2023
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GDP PC GROWTH
14%CURRENT US$
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About

Switzerland-Cuba Trade: In 2023, Switzerland exported $6.72M to Cuba. The main products that Switzerland exported to Cuba were Paper Containers ($2.41M), Base Metal Watches ($1.43M), and Vacuum Cleaners ($316k). Over the past 5 years the exports of Switzerland to Cuba have decreased at an annualized rate of 24.9%, from $28.1M in 2018 to $6.72M in 2023.

In 2023, Switzerland did not export any services to Cuba.

Cuba-Switzerland Trade: In 2023, Cuba exported $48.2M to Switzerland. The main products that Cuba exported to Switzerland were Rolled Tobacco ($42.5M), Hard Liquor ($2.11M), and Precious Stones ($1.74M). Over the past 5 years the exports of Cuba to Switzerland have increased at an annualized rate of 4.83%,  from $38.1M in 2018 to $48.2M in 2023.

In 2023, Cuba did not export any services to Switzerland.

Comparison: In 2023,  Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Switzerland exported $6.72M to Cuba. The main products exported from Switzerland to Cuba were Paper Containers ($2.41M), Base Metal Watches ($1.43M), and Vacuum Cleaners ($316k). During the last 5 years the exports of Switzerland to Cuba have decreased at an annualized rate of 24.9%, from $28.1M in 2018 to $6.72M in 2023.

In 2018, Cuba exported $48.2M to Switzerland. The main products exported from Cuba to Switzerland were Rolled Tobacco ($42.5M), Hard Liquor ($2.11M), and Precious Stones ($1.74M). During the last 5 years the exports of Cuba to Switzerland have increased at an annualized rate of 4.83%, from $38.1M in 2023 to $48.2M in 2018.

Exports from Switzerland (Flag) to Cuba (Flag) (2023)

Exports from Cuba (Flag) to Switzerland (Flag) (2023)

Latest Data

Trade between Switzerland (Flag) and Cuba (Flag)

Switzerland Exports

Market Competitiveness

Color
Switzerland
Top Destination
Germany$53.8B
Cuba
Top Destination
China$358M

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

In 2023, countries that imported more from Switzerland than Cuba included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, no countries were registered that imported more from Cuba than from Switzerland.

Difference in imports from Cuba (Flag) and Switzerland (Flag) (2023)

Comparative Advantage Switzerland - Cuba

Flow
Scale

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

During 2023, Switzerland had a large net trade with Cuba in the exports of Paper Goods ($2.41M), Instruments ($1.99M), and Machines ($1.27M).

During 2018, Cuba had a large net trade with Switzerland in the exports of Foodstuffs ($44.7M), Precious Metals ($1.74M), and Animal Products ($782k).

Economic Complexity

Competitive Landscape

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

Product Space of Switzerland (Flag) and Cuba (Flag) (2023)

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