Cuba (CUB) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Cuba-South Korea Trade: In 2022, Cuba exported $7.03M to South Korea. The main products that Cuba exported to South Korea were N/A. Over the past 5 years the exports of Cuba to South Korea have increased at an annualized rate of 11.1%, from $4.15M in 2017 to $7.03M in 2022.

In 2022, Cuba did not export any services to South Korea.

South Korea-Cuba Trade: In 2022, South Korea exported $48.8M to Cuba. The main products that South Korea exported to Cuba were N/A. Over the past 5 years the exports of South Korea to Cuba have decreased at an annualized rate of 15.5%, from $113M in 2017 to $48.8M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cuba exported $7.03M to South Korea. There were not main exports from Cuba to South Korea in 2022. During the last 5 years the exports of Cuba to South Korea have increased at an annualized rate of 11.1%, from $4.15M in 2017 to $7.03M in 2022.

In 2017, South Korea exported $48.8M to Cuba. There were not main exports from South Korea to Cuba in 2017. During the last 5 years the exports of South Korea to Cuba have decreased at an annualized rate of 15.5%, from $113M in 2022 to $48.8M in 2017.

Exports from Cuba () to South Korea () (2022)

Exports from South Korea () to Cuba () (2022)

Latest Data

Trade between Cuba () and South Korea ()

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cuba
Top DestinationChina$358M

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Cuba than South Korea included Liberia ($147).

In 2023, countries that imported more from South Korea than Cuba included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Cuba () (2023)

Comparative Advantage Cuba - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cuba had a large net trade with South Korea in the exports of .

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

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cuba () to South Korea () (2022)

Exports from South Korea () to Cuba () (2022)

Latest Data

Trade between Cuba () and South Korea ()

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Cuba () (2023)

Comparative Advantage Cuba - South Korea

Economic Complexity

Competitive Landscape

Product Space of Cuba () and South Korea () (2022)

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