2023
Flag
 GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC
$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

Cuba-Colombia Trade: In 2023, Cuba exported $2.1M to Colombia. The main products that Cuba exported to Colombia were Vaccines, blood, antisera, toxins and cultures ($1.21M), Rolled Tobacco ($456k), and Hard Liquor ($382k). Over the past 5 years the exports of Cuba to Colombia have decreased at an annualized rate of 3.05%, from $2.45M in 2018 to $2.1M in 2023.

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

Colombia-Cuba Trade: In 2023, Colombia exported $52.9M to Cuba. The main products that Colombia exported to Cuba were Baked Goods ($4.58M), Soap ($4.45M), and Raw Sugar ($3.55M). Over the past 5 years the exports of Colombia to Cuba have decreased at an annualized rate of 5.29%,  from $69.4M in 2018 to $52.9M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $2.1M to Colombia. The main products exported from Cuba to Colombia were Vaccines, blood, antisera, toxins and cultures ($1.21M), Rolled Tobacco ($456k), and Hard Liquor ($382k). During the last 5 years the exports of Cuba to Colombia have decreased at an annualized rate of 3.05%, from $2.45M in 2018 to $2.1M in 2023.

In 2018, Colombia exported $52.9M to Cuba. The main products exported from Colombia to Cuba were Baked Goods ($4.58M), Soap ($4.45M), and Raw Sugar ($3.55M). During the last 5 years the exports of Colombia to Cuba have decreased at an annualized rate of 5.29%, from $69.4M in 2023 to $52.9M in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Colombia (Flag)

Colombia Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Colombia
Top Destination
United States$14.8B

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

In 2023, countries that imported more from Cuba than Colombia included Cyprus ($42.5M), Macau ($29.2M), and Luxembourg ($7.92M).

In 2023, countries that imported more from Colombia than Cuba included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Cuba - Colombia

Flow
Scale

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

During 2023, Cuba had a large net trade with Colombia in the exports of Chemical Products ($1.21M), Foodstuffs ($838k), and Plastics and Rubbers ($28k).

During 2018, Colombia had a large net trade with Cuba in the exports of Foodstuffs ($15.6M), Chemical Products ($7.89M), and Vegetable Products ($5.35M).

Economic Complexity

Competitive Landscape

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

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

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