2023
Flag  
GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC 
$3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Philippines-Cuba Trade: In 2023, Philippines exported $3.81M to Cuba. The main products that Philippines exported to Cuba were Raw Tobacco ($3.81M). Over the past 5 years the exports of Philippines to Cuba have decreased at an annualized rate of 8.27%, from $5.87M in 2018 to $3.81M in 2023.

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

Cuba-Philippines Trade: In 2023, Cuba exported $4.32M to Philippines. The main products that Cuba exported to Philippines were Raw Tobacco ($3.86M), Rolled Tobacco ($204k), and Vaccines, blood, antisera, toxins and cultures ($189k). Over the past 5 years the exports of Cuba to Philippines have decreased at an annualized rate of 8.98%,  from $6.91M in 2018 to $4.32M in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). 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
Value

In 2023, Philippines exported $3.81M to Cuba. The main products exported from Philippines to Cuba were Raw Tobacco ($3.81M). During the last 5 years the exports of Philippines to Cuba have decreased at an annualized rate of 8.27%, from $5.87M in 2018 to $3.81M in 2023.

In 2018, Cuba exported $4.32M to Philippines. The main products exported from Cuba to Philippines were Raw Tobacco ($3.86M), Rolled Tobacco ($204k), and Vaccines, blood, antisera, toxins and cultures ($189k). During the last 5 years the exports of Cuba to Philippines have decreased at an annualized rate of 8.98%, from $6.91M in 2023 to $4.32M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top Destination
China$19B
Cuba
Top Destination
China$358M

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

In 2023, countries that imported more from Philippines than Cuba included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

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

Comparative Advantage Philippines - Cuba

Flow
Scale

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

During 2023, Philippines had a large net trade with Cuba in the exports of Foodstuffs ($3.81M).

During 2018, Cuba had a large net trade with Philippines in the exports of Foodstuffs ($4.06M), Chemical Products ($210k), and Textiles ($26.9k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with