Flag Czechia / Cuba Flag

Exports FlagFlag  (2018): $33.1M, Rnk 88 / 201

Top Product FlagFlag (2018): $6.16M, Malt

Exports FlagFlag (2018): $12.8M, Rnk 16 / 114

Top Product FlagFlag (2018): $5.76M, Hard Liquor

Economic Complexity of Flag (2018): ECI 1.6, Rnk 8 / 137

Economic Complexity of Flag (2018): ECI -0.54, Rnk 92 / 137

GDP Flag (2018): $245B, CURRENT US$
Rnk 44 / 196

GDP GROWTH Flag (2008-2018): 4.03%, CURRENT US$
Rnk 159 / 196

GDP Flag (2018): $100B, CURRENT US$
Rnk 63 / 196

GDP GROWTH Flag (2008-2018): 64.5%, CURRENT US$
Rnk 64 / 196

GDP PC Flag (2018): $23,079, CURRENT US$
Rnk 45 / 196

GDP PC GROWTH Flag (2008-2018): 1.67%, CURRENT US$
Rnk 140 / 196

GDP PC Flag (2018): $8,822, CURRENT US$
Rnk 84 / 196

GDP PC GROWTH Flag (2008-2018): 63%, CURRENT US$
Rnk 34 / 196

Czechia-Cuba: In 2018, Czechia exported $33.1M to Cuba. The main products exported from Czechia to Cuba were Malt ($6.16M), Concentrated Milk ($3.38M), and Electrical Transformers ($2.77M). During the last 23 years the exports of Czechia to Cuba have increased at an annualized rate of 9.26%, from $4.32M in 1995 to $33.1M in 2018.

Cuba-Czechia: In 2018, Cuba exported $12.8M to Czechia. The main products exported from Cuba to Czechia were Hard Liquor ($5.76M), Raw Sugar ($5.48M), and Rolled Tobacco ($1.16M). During the last 23 years the exports of Cuba to Czechia have increased at an annualized rate of 14.2%, from $604k in 1995 to $12.8M in 2018.

Comparison: In 2018, Czechia ranked 8 in the Economic Complexity Index (ECI 1.6), and 27 in total exports ($200B). That same year, Cuba ranked 92 in the Economic Complexity Index (ECI -0.54), and 146 in total exports ($1.18B). In terms of GDP Per Capita, Czechia was ranked 45 with a GDP Per Capita of $23,079, and Cuba was ranked 84 with a GDP Per Capita of $8,822.

Bilateral Trade by Products

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Depth
Value

In 2018, Czechia exported $33.1M to Cuba. The main products exported from Czechia to Cuba were Malt ($6.16M), Concentrated Milk ($3.38M), and Electrical Transformers ($2.77M). During the last 23 years the exports of Czechia to Cuba have increased at an annualized rate of 9.26%, from $4.32M in 1995 to $33.1M in 2018.

In 2018, Cuba exported $12.8M to Czechia. The main products exported from Cuba to Czechia were Hard Liquor ($5.76M), Raw Sugar ($5.48M), and Rolled Tobacco ($1.16M). During the last 23 years the exports of Cuba to Czechia have increased at an annualized rate of 14.2%, from $604k in 1995 to $12.8M in 2018.

Market Competitiveness

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Measure

Czechia
Top Destination
: Germany, $63.7B

Cuba
Top Destination
: China, $446M

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

In 2018, countries that imported more from Czechia than Cuba were Germany ($63.7B), Slovakia ($14.3B), and Poland ($11.9B).

In 2018, countries that imported more from Cuba than Czechia were Andorra ($3.69M) and Guyana ($1.72M).

Comparative Advantage Czechia - Cuba

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Depth

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

During 2018, Czechia had a large net trade with Cuba in the exports of Machines ($13.2M), Vegetable Products ($6.16M), and Transportation ($3.56M).

During 2018, Cuba had a large net trade with Czechia in the exports of Foodstuffs ($12.4M), Vegetable Products ($140k), and Chemical Products ($107k).

Tariff Section

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This sections shows import tariffs for products traded between Czechia and Cuba (using the HS6 product classification and the last year reported).

In 2017, the products from Czechia that paid the highest import tariffs to enter Cuba were Sugar beet (178%) and Whey (173%).

In 2017, the products from Cuba that paid the highest import tariffs to enter Czechia were Rock lobster and other sea crawfish, frozen (30%) and Crustaceans: frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water (30%).

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*The tariffs present between Czechia and Cuba are:
122: EU preferential tariff for sugar producing countries
125: General duty rate
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Czechia and Cuba. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Czechia has comparative advantage over Cuba. Similarly, the more red a dot/product is, the more Cuba has comparative advantage over Czechia.