2023
Flag
 GDP
$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH
23.1%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH
8.19%CURRENT US$
Rnk 141 / 195

About

Cuba-Ecuador Trade: In 2023, Cuba exported $869k to Ecuador. The main products that Cuba exported to Ecuador were Vaccines, blood, antisera, toxins and cultures ($634k), Hard Liquor ($227k), and Packaged Medicaments ($6.24k). Over the past 5 years the exports of Cuba to Ecuador have decreased at an annualized rate of 33.9%, from $6.9M in 2018 to $869k in 2023.

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

Ecuador-Cuba Trade: In 2023, Ecuador exported $17M to Cuba. The main products that Ecuador exported to Cuba were Soybean Oil ($9.6M), Soap ($1.88M), and Other Vegetable Oils ($1.31M). Over the past 5 years the exports of Ecuador to Cuba have decreased at an annualized rate of 5.34%,  from $22.3M in 2018 to $17M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $869k to Ecuador. The main products exported from Cuba to Ecuador were Vaccines, blood, antisera, toxins and cultures ($634k), Hard Liquor ($227k), and Packaged Medicaments ($6.24k). During the last 5 years the exports of Cuba to Ecuador have decreased at an annualized rate of 33.9%, from $6.9M in 2018 to $869k in 2023.

In 2018, Ecuador exported $17M to Cuba. The main products exported from Ecuador to Cuba were Soybean Oil ($9.6M), Soap ($1.88M), and Other Vegetable Oils ($1.31M). During the last 5 years the exports of Ecuador to Cuba have decreased at an annualized rate of 5.34%, from $22.3M in 2023 to $17M in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Ecuador (Flag)

Ecuador Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Ecuador
Top Destination
United States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Cuba included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Cuba - Ecuador

Flow
Scale

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

During 2023, Cuba had a large net trade with Ecuador in the exports of Chemical Products ($640k), Foodstuffs ($227k), and Animal Products ($1.39k).

During 2018, Ecuador had a large net trade with Cuba in the exports of Animal and Vegetable Bi-Products ($12.1M), Chemical Products ($1.88M), and Plastics and Rubbers ($980k).

Economic Complexity

Competitive Landscape

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

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

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