India (IND) and Cuba (CUB) Trade | The Observatory of Economic Complexity

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India-Cuba In 2022, India exported $31.5M to Cuba. The main products that India exported to Cuba are Rice ($15.6M), Packaged Medicaments ($4.56M), and Other Heating Machinery ($1.21M). During the last 27 years the exports of India to Cuba have increased at an annualized rate of 21.4%, from $169k in 1995 to $31.5M in 2022.

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

Cuba-India In 2022, Cuba exported $3.78M to India. The main products that Cuba exported to India were Packaged Medicaments ($2.29M), Vaccines, blood, antisera, toxins and cultures ($599k), and Rolled Tobacco ($423k). During the last 27 years the exports of Cuba to India have decreased at an annualized rate of 0.84%, from $4.75M in 1995 to $3.78M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

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Overview In January 2024, India exported $693k and imported $181k from Cuba, resulting in a positive trade balance of $512k. Between January 2023 and January 2024 the exports of India have decreased by $-16.4M (-95.9%) from $17.1M to $693k, while imports decreased by $-201k (-52.6%) from $382k to $181k.

Trade In January 2024, the top exports of India to Cuba were Rice(Other Than Basmoti) ($15.5M), Drug Formulations, Biologicals ($672k), Indl. Machnry For Dairy Etc ($366k), Motor Vehicle/Cars ($198k), and Cotton Fabrics, Madeups Etc. ($143k). In January 2024 the top imports of India from Cuba were Tobacco Manufactured ($195k), Lead And Products Made Of Led ($126k), and Alcoholic Beverages ($61.4k).

Growth In January 2024, the decrease in India's year-by-year exports to Cuba was explained primarily by an decrease in product exports in . In January 2024, the decrease in India's year-by-year imports from Cuba was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-16.4M(-95.9%)

IMPORT GROWTH (January 2023 - January 2024)$-201k(-52.6%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Cuba and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $31.5M to Cuba. The main products exported from India to Cuba were Rice ($15.6M), Packaged Medicaments ($4.56M), and Other Heating Machinery ($1.21M). During the last 27 years the exports of India to Cuba have increased at an annualized rate of 21.4%, from $169k in 1995 to $31.5M in 2022.

In 2022, Cuba exported $3.78M to India. The main products exported from Cuba to India were Packaged Medicaments ($2.29M), Vaccines, blood, antisera, toxins and cultures ($599k), and Rolled Tobacco ($423k). During the last 27 years the exports of Cuba to India have decreased at an annualized rate of 0.84%, from $4.75M in 1995 to $3.78M in 2022.

Exports from India () to Cuba () (2022)

Exports from Cuba () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Cuba
Top DestinationChina$426M

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

In 2021, countries that imported more from India than Cuba were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Cuba than India were Andorra ($4.23M) and Macau ($28.9M).

Difference in imports from Cuba () and India () (2022)

Comparative Advantage India - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Cuba in the exports of Vegetable Products ($15.7M), Chemical Products ($8.49M), and Machines ($3.34M).

During 2022, Cuba had a large net trade with India in the exports of Chemical Products ($3.05M), Foodstuffs ($553k), and Metals ($156k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Cuba () (2022)

Exports from Cuba () to India () (2022)

Market Competitiveness

Difference in imports from Cuba () and India () (2022)

Comparative Advantage India - Cuba

Economic Complexity

Competitive Landscape

Product Space of India () and Cuba () (2022)

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