2023
Flag  
GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC 
$6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

Colombia-Cuba Trade: In 2023, Colombia exported $52.9M to Cuba. The main products that Colombia exported to Cuba were Baked Goods ($4.58M), Soap ($4.45M), and Raw Sugar ($3.55M). Over the past 5 years the exports of Colombia to Cuba have decreased at an annualized rate of 5.29%, from $69.4M in 2018 to $52.9M in 2023.

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

Cuba-Colombia Trade: In 2023, Cuba exported $2.1M to Colombia. The main products that Cuba exported to Colombia were Vaccines, blood, antisera, toxins and cultures ($1.21M), Rolled Tobacco ($456k), and Hard Liquor ($382k). Over the past 5 years the exports of Cuba to Colombia have decreased at an annualized rate of 3.05%,  from $2.45M in 2018 to $2.1M in 2023.

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

Comparison: In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $52.9M to Cuba. The main products exported from Colombia to Cuba were Baked Goods ($4.58M), Soap ($4.45M), and Raw Sugar ($3.55M). During the last 5 years the exports of Colombia to Cuba have decreased at an annualized rate of 5.29%, from $69.4M in 2018 to $52.9M in 2023.

In 2018, Cuba exported $2.1M to Colombia. The main products exported from Cuba to Colombia were Vaccines, blood, antisera, toxins and cultures ($1.21M), Rolled Tobacco ($456k), and Hard Liquor ($382k). During the last 5 years the exports of Cuba to Colombia have decreased at an annualized rate of 3.05%, from $2.45M in 2023 to $2.1M in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Cuba (Flag)

Colombia Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$14.8B
Cuba
Top Destination
China$358M

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

In 2023, countries that imported more from Colombia than Cuba included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Cuba than Colombia included Cyprus ($42.5M), Macau ($29.2M), and Luxembourg ($7.92M).

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

Comparative Advantage Colombia - Cuba

Flow
Scale

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

During 2023, Colombia had a large net trade with Cuba in the exports of Foodstuffs ($15.6M), Chemical Products ($7.89M), and Vegetable Products ($5.35M).

During 2018, Cuba had a large net trade with Colombia in the exports of Chemical Products ($1.21M), Foodstuffs ($838k), and Plastics and Rubbers ($28k).

Economic Complexity

Competitive Landscape

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

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

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