2023
Flag
 GDP
$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH
97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC
$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH
67.3%CURRENT US$
Rnk 27 / 195

About

Cuba-Guatemala Trade: In 2023, Cuba exported $1.44M to Guatemala. The main products that Cuba exported to Guatemala were Packaged Medicaments ($1.05M), Rolled Tobacco ($285k), and Hard Liquor ($56.9k). Over the past 5 years the exports of Cuba to Guatemala have increased at an annualized rate of 15.2%, from $709k in 2018 to $1.44M in 2023.

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

Guatemala-Cuba Trade: In 2023, Guatemala exported $8.46M to Cuba. The main products that Guatemala exported to Cuba were Baked Goods ($1.81M), Other Organic Compounds ($1.12M), and Other Vinyl Polymers ($749k). Over the past 5 years the exports of Guatemala to Cuba have decreased at an annualized rate of 28.2%,  from $44.4M in 2018 to $8.46M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $1.44M to Guatemala. The main products exported from Cuba to Guatemala were Packaged Medicaments ($1.05M), Rolled Tobacco ($285k), and Hard Liquor ($56.9k). During the last 5 years the exports of Cuba to Guatemala have increased at an annualized rate of 15.2%, from $709k in 2018 to $1.44M in 2023.

In 2018, Guatemala exported $8.46M to Cuba. The main products exported from Guatemala to Cuba were Baked Goods ($1.81M), Other Organic Compounds ($1.12M), and Other Vinyl Polymers ($749k). During the last 5 years the exports of Guatemala to Cuba have decreased at an annualized rate of 28.2%, from $44.4M in 2023 to $8.46M in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Guatemala (Flag)

Guatemala Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Guatemala
Top Destination
United States$5.16B

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

In 2023, countries that imported more from Cuba than Guatemala included China ($358M), Cyprus ($42.5M), and Hong Kong ($43.7M).

In 2023, countries that imported more from Guatemala than Cuba included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

Comparative Advantage Cuba - Guatemala

Flow
Scale

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

During 2023, Cuba had a large net trade with Guatemala in the exports of Chemical Products ($1.06M), Foodstuffs ($342k), and Mineral Products ($20.7k).

During 2018, Guatemala had a large net trade with Cuba in the exports of Foodstuffs ($3.12M), Chemical Products ($2.78M), and Plastics and Rubbers ($983k).

Economic Complexity

Competitive Landscape

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

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

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