2020
Exports
$14World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2020
Imports
$84.7MWorld Rnk 33 / 212
Flag Rnk 4 / 1013
2023
ECONOMIC COMPLEXITY of Cuba
-0.42Rnk 82 / 132

About

Imports In 2023, Cuba imported $84.7M in Soybean Oil, becoming the 33rd largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 4th most imported product in Cuba. Cuba imports Soybean Oil primarily from: Brazil ($48.8M), Ecuador ($9.6M), Turkey ($7.8M), Argentina ($6.13M), and Dominican Republic ($5.35M).

The fastest growing import markets in Soybean Oil for Cuba between 2022 and 2023 were Ecuador ($9.6M), Turkey ($7.8M), and Spain ($4.29M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybean Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2020)$14
IMPORTS (2023)$84.7M
NET TRADE (2023)-$84.7M

In 2023, Cuba imported $84.7M in Soybean Oil, mainly from Brazil ($48.8M), Ecuador ($9.6M), Turkey ($7.8M), Argentina ($6.13M), and Dominican Republic ($5.35M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Cuba's main exporting competitors in Soybean Oil were:
In 2023, Cuba's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Soybean Oil’s highest export potential is N/A. With an export gap of N/A.   Soybean Oil’s highest import potential is N/A with an import gap of N/A.

See methodology.

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