2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Cuba-Singapore Trade: In 2023, Cuba exported $10.4M to Singapore. The main products that Cuba exported to Singapore were Rolled Tobacco ($8.25M), Hard Liquor ($896k), and Vaccines, blood, antisera, toxins and cultures ($830k). Over the past 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 33.8%, from $81.6M in 2018 to $10.4M in 2023.

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

Singapore-Cuba Trade: In 2023, Singapore exported $403k to Cuba. The main products that Singapore exported to Cuba were Nonaqueous Paints ($132k), Refined Petroleum ($132k), and Coconuts, Brazil Nuts, and Cashews ($96.8k). Over the past 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 37.4%,  from $4.19M in 2018 to $403k in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $10.4M to Singapore. The main products exported from Cuba to Singapore were Rolled Tobacco ($8.25M), Hard Liquor ($896k), and Vaccines, blood, antisera, toxins and cultures ($830k). During the last 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 33.8%, from $81.6M in 2018 to $10.4M in 2023.

In 2018, Singapore exported $403k to Cuba. The main products exported from Singapore to Cuba were Nonaqueous Paints ($132k), Refined Petroleum ($132k), and Coconuts, Brazil Nuts, and Cashews ($96.8k). During the last 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 37.4%, from $4.19M in 2023 to $403k in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Singapore
Top Destination
Hong Kong$44.5B

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

In 2023, countries that imported more from Cuba than Singapore included Cyprus ($42.5M) and Andorra ($3.77M).

In 2023, countries that imported more from Singapore than Cuba included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Cuba - Singapore

Flow
Scale

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

During 2023, Cuba had a large net trade with Singapore in the exports of Foodstuffs ($9.22M), Chemical Products ($830k), and Vegetable Products ($129k).

During 2018, Singapore had a large net trade with Cuba in the exports of Chemical Products ($174k), Mineral Products ($132k), and Vegetable Products ($96.8k).

Economic Complexity

Competitive Landscape

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

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

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