Mexico (MEX) and Cuba (CUB) Trade | The Observatory of Economic Complexity

About

Mexico-Cuba Trade: In 2023, Mexico exported $109M to Cuba. The main products that Mexico exported to Cuba were Wheat Flours ($15.8M), Sausages ($10.3M), and Other Vegetable Oils ($8.8M). Over the past 5 years the exports of Mexico to Cuba have decreased at an annualized rate of 26.7%, from $514M in 2018 to $109M in 2023.

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

Cuba-Mexico Trade: In 2023, Cuba exported $12.5M to Mexico. The main products that Cuba exported to Mexico were N/A. Over the past 5 years the exports of Cuba to Mexico have increased at an annualized rate of 2.31%, from $11.1M in 2018 to $12.5M in 2023.

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

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $109M to Cuba. The main products exported from Mexico to Cuba were Wheat Flours ($15.8M), Sausages ($10.3M), and Other Vegetable Oils ($8.8M). During the last 5 years the exports of Mexico to Cuba have decreased at an annualized rate of 26.7%, from $514M in 2018 to $109M in 2023.

In 2017, Cuba exported $12.5M to Mexico. There were not main exports from Cuba to Mexico in 2017. During the last 5 years the exports of Cuba to Mexico have increased at an annualized rate of 2.31%, from $11.1M in 2022 to $12.5M in 2017.

Exports from Mexico () to Cuba () (2023)

Exports from Cuba () to Mexico () (2023)

Latest Data

Trade between Mexico () and Cuba ()

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from Mexico than Cuba included United States ($456B), Canada ($33B), and China ($15B).

In 2023, countries that imported more from Cuba than Mexico included Cyprus ($42.5M), Macau ($29.2M), and Andorra ($3.77M).

Difference in imports from Cuba () and Mexico () (2023)

Comparative Advantage Mexico - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Mexico had a large net trade with Cuba in the exports of Foodstuffs ($27.9M), Chemical Products ($25.1M), and Vegetable Products ($21.5M).

During 2017, Cuba had a large net trade with Mexico in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Cuba () (2023)

Exports from Cuba () to Mexico () (2023)

Latest Data

Trade between Mexico () and Cuba ()

Mexico Exports

Market Competitiveness

Difference in imports from Cuba () and Mexico () (2023)

Comparative Advantage Mexico - Cuba

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Cuba () (2023)

Keep Exploring