2023
Flag
 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

Cuba-Romania Trade: In 2023, Cuba exported $395k to Romania. The main products that Cuba exported to Romania were Wood Charcoal ($390k), Raw Tobacco ($3.24k), and Unpackaged Medicaments ($1.01k). Over the past 5 years the exports of Cuba to Romania have increased at an annualized rate of 23.5%, from $137k in 2018 to $395k in 2023.

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

Romania-Cuba Trade: In 2023, Romania exported $118k to Cuba. The main products that Romania exported to Cuba were Other Edible Preparations ($79.2k), Dried Legumes ($6.93k), and Processed Fish ($5.96k). Over the past 5 years the exports of Romania to Cuba have decreased at an annualized rate of 47.7%,  from $3.01M in 2018 to $118k in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $395k to Romania. The main products exported from Cuba to Romania were Wood Charcoal ($390k), Raw Tobacco ($3.24k), and Unpackaged Medicaments ($1.01k). During the last 5 years the exports of Cuba to Romania have increased at an annualized rate of 23.5%, from $137k in 2018 to $395k in 2023.

In 2018, Romania exported $118k to Cuba. The main products exported from Romania to Cuba were Other Edible Preparations ($79.2k), Dried Legumes ($6.93k), and Processed Fish ($5.96k). During the last 5 years the exports of Romania to Cuba have decreased at an annualized rate of 47.7%, from $3.01M in 2023 to $118k in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Romania (Flag)

Romania Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Romania
Top Destination
Germany$19.9B

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

In 2023, countries that imported more from Cuba than Romania included Macau ($29.2M), Honduras ($6.08M), and Panama ($1.79M).

In 2023, countries that imported more from Romania than Cuba included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Cuba - Romania

Flow
Scale

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

During 2023, Cuba had a large net trade with Romania in the exports of Wood Products ($390k), Foodstuffs ($3.29k), and Chemical Products ($1.05k).

During 2018, Romania had a large net trade with Cuba in the exports of Foodstuffs ($93.7k), Vegetable Products ($12.6k), and Chemical Products ($8.11k).

Economic Complexity

Competitive Landscape

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

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

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