2023
Flag
 GDP
$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
Flag
GDP GROWTH
51.4%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC
$8,639CURRENT US$
Rnk 91 / 196
2013-2023
Flag
GDP PC GROWTH
71.6%CURRENT US$
Rnk 23 / 195

About

Cuba-Bosnia and Herzegovina Trade: In 2023, Cuba exported $58.9k to Bosnia and Herzegovina. The main products that Cuba exported to Bosnia and Herzegovina were Hard Liquor ($36.7k), Rolled Tobacco ($14k), and Wood Charcoal ($5.57k). Over the past 5 years the exports of Cuba to Bosnia and Herzegovina have decreased at an annualized rate of 18.1%, from $160k in 2018 to $58.9k in 2023.

In 2023, Cuba did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Cuba Trade: In 2023, Bosnia and Herzegovina exported $16.2k to Cuba. The main products that Bosnia and Herzegovina exported to Cuba were Other Rubber Products ($16.2k). Over the past 5 years the exports of Bosnia and Herzegovina to Cuba have decreased at an annualized rate of 4.74%,  from $20.6k in 2018 to $16.2k in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Cuba.

Comparison: In 2023,  Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B). That same year, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $58.9k to Bosnia and Herzegovina. The main products exported from Cuba to Bosnia and Herzegovina were Hard Liquor ($36.7k), Rolled Tobacco ($14k), and Wood Charcoal ($5.57k). During the last 5 years the exports of Cuba to Bosnia and Herzegovina have decreased at an annualized rate of 18.1%, from $160k in 2018 to $58.9k in 2023.

In 2018, Bosnia and Herzegovina exported $16.2k to Cuba. The main products exported from Bosnia and Herzegovina to Cuba were Other Rubber Products ($16.2k). During the last 5 years the exports of Bosnia and Herzegovina to Cuba have decreased at an annualized rate of 4.74%, from $20.6k in 2023 to $16.2k in 2018.

Exports from Cuba (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Cuba (Flag) (2023)

Latest Data

Trade between Cuba (Flag) and Bosnia and Herzegovina (Flag)

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Bosnia and Herzegovina
Top Destination
Germany$1.48B

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

In 2023, countries that imported more from Cuba than Bosnia and Herzegovina included China ($358M), Spain ($129M), and Hong Kong ($43.7M).

In 2023, countries that imported more from Bosnia and Herzegovina than Cuba included Germany ($1.48B), Croatia ($1.39B), and Serbia ($1.18B).

Difference in imports from Bosnia and Herzegovina (Flag) and Cuba (Flag) (2023)

Comparative Advantage Cuba - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Cuba had a large net trade with Bosnia and Herzegovina in the exports of Foodstuffs ($53.3k), Wood Products ($5.57k), and Chemical Products ($11).

During 2018, Bosnia and Herzegovina had a large net trade with Cuba in the exports of Plastics and Rubbers ($16.2k).

Economic Complexity

Competitive Landscape

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

Product Space of Cuba (Flag) and Bosnia and Herzegovina (Flag) (2023)

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