2023
Flag
 GDP
$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH
-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC
$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH
-9.52%CURRENT US$
Rnk 168 / 195

About

Cuba-Azerbaijan Trade: In 2023, Cuba exported $336k to Azerbaijan. The main products that Cuba exported to Azerbaijan were Rolled Tobacco ($334k) and Hard Liquor ($2.16k). Over the past 5 years the exports of Cuba to Azerbaijan have increased at an annualized rate of 21.5%, from $127k in 2018 to $336k in 2023.

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

Azerbaijan-Cuba Trade: In 2023, Azerbaijan exported $173k to Cuba. The main products that Azerbaijan exported to Cuba were N/A. Over the past 5 years the exports of Azerbaijan to Cuba have increased at an annualized rate of 105%,  from $4.79k in 2018 to $173k in 2023.

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

Comparison: In 2023,  Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $336k to Azerbaijan. The main products exported from Cuba to Azerbaijan were Rolled Tobacco ($334k) and Hard Liquor ($2.16k). During the last 5 years the exports of Cuba to Azerbaijan have increased at an annualized rate of 21.5%, from $127k in 2018 to $336k in 2023.

In 2017, Azerbaijan exported $173k to Cuba. There were not main exports from Azerbaijan to Cuba in 2017. During the last 5 years the exports of Azerbaijan to Cuba have increased at an annualized rate of 105%, from $4.79k in 2022 to $173k in 2017.

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

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

Latest Data

Trade between Cuba (Flag) and Azerbaijan (Flag)

Azerbaijan Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Azerbaijan
Top Destination
Italy$11.4B

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

In 2023, countries that imported more from Cuba than Azerbaijan included China ($358M), Macau ($29.2M), and Canada ($28.7M).

In 2023, countries that imported more from Azerbaijan than Cuba included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Cuba - Azerbaijan

Flow
Scale

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

During 2023, Cuba had a large net trade with Azerbaijan in the exports of Foodstuffs ($336k).

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

Economic Complexity

Competitive Landscape

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

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

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