Flag Russia / Cuba Flag

Exports FlagFlag  (2018): $370M, Rnk 81 / 187

Top Product FlagFlag (2018): $56.5M, Soybean Oil

Exports FlagFlag (2018): $15.2M, Rnk 15 / 114

Top Product FlagFlag (2018): $4.57M, Rolled Tobacco

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

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

Russia-Cuba: In 2018, Russia exported $370M to Cuba. The main products exported from Russia to Cuba were Soybean Oil ($56.5M), Crude Petroleum ($55.8M), and Delivery Trucks ($39.3M). During the last 22 years the exports of Russia to Cuba have decreased at an annualized rate of 0.84%, from $446M in 1996 to $370M in 2018. In 2018, Russia exported services to Cuba worth $10M, with Other business services ($6.9M), Insurance services ($2.4M), and Transportation ($400k) being the largest in terms of value.

Cuba-Russia: In 2018, Cuba exported $15.2M to Russia. The main products exported from Cuba to Russia were Rolled Tobacco ($4.57M), Gold ($4.55M), and Hard Liquor ($3.73M). During the last 22 years the exports of Cuba to Russia have decreased at an annualized rate of 13.4%, from $363M in 1996 to $15.2M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Cuba ranked 92 in the Economic Complexity Index (ECI -0.54), and 146 in total exports ($1.18B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $370M to Cuba. The main products exported from Russia to Cuba were Soybean Oil ($56.5M), Crude Petroleum ($55.8M), and Delivery Trucks ($39.3M). During the last 22 years the exports of Russia to Cuba have decreased at an annualized rate of 0.84%, from $446M in 1996 to $370M in 2018.

In 2018, Cuba exported $15.2M to Russia. The main products exported from Cuba to Russia were Rolled Tobacco ($4.57M), Gold ($4.55M), and Hard Liquor ($3.73M). During the last 22 years the exports of Cuba to Russia have decreased at an annualized rate of 13.4%, from $363M in 1996 to $15.2M in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Cuba
Top Destination
: China, $446M

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

In 2018, countries that imported more from Russia than Cuba were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Cuba than Russia were Andorra ($3.69M), Barbados ($237k), and Antigua and Barbuda ($20.8k).

Comparative Advantage Russia - Cuba

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Depth

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

During 2018, Russia had a large net trade with Cuba in the exports of Transportation ($116M), Machines ($78.1M), and Mineral Products ($58.8M).

During 2018, Cuba had a large net trade with Russia in the exports of Foodstuffs ($8.3M), Precious Metals ($4.55M), and Animal Products ($1.82M).

Tariff Section

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

In 2018, the products from Russia that paid the highest import tariffs to enter Cuba were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2017, the products from Cuba that paid the highest import tariffs to enter Russia 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 Russia and Cuba are:
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between Russia 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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Bilateral Service Trade

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In 2018, Russia exported services to Cuba worth $10M, with Other business services ($6.9M), Insurance services ($2.4M), and Transportation ($400k) being the largest in terms of value.

Service trade data is presented based on availability.

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 Russia has comparative advantage over Cuba. Similarly, the more red a dot/product is, the more Cuba has comparative advantage over Russia.