2022
Flag
 GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 186

About

Cuba-Singapore Trade: In 2022, Cuba exported $7.58M to Singapore. The main products that Cuba exported to Singapore were Rolled Tobacco ($4.35M), Scrap Iron ($1.36M), and Vaccines, blood, antisera, toxins and cultures ($1.17M). Over the past 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 41.6%, from $112M in 2017 to $7.58M in 2022.

In 2022, Cuba did not export any services to Singapore.

Singapore-Cuba Trade: In 2022, Singapore exported $642k to Cuba. The main products that Singapore exported to Cuba were Rubber Apparel ($341k), Uncoated Paper ($78.8k), and Low-voltage Protection Equipment ($74.3k). Over the past 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 30.7%,  from $4.02M in 2017 to $642k in 2022.

In 2022, Singapore did not export any services to Cuba.

Comparison In 2022,  Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index. That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cuba exported $7.58M to Singapore. The main products exported from Cuba to Singapore were Rolled Tobacco ($4.35M), Scrap Iron ($1.36M), and Vaccines, blood, antisera, toxins and cultures ($1.17M). During the last 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 41.6%, from $112M in 2017 to $7.58M in 2022.

In 2017, Singapore exported $642k to Cuba. The main products exported from Singapore to Cuba were Rubber Apparel ($341k), Uncoated Paper ($78.8k), and Low-voltage Protection Equipment ($74.3k). During the last 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 30.7%, from $4.02M in 2022 to $642k in 2017.

Exports from Cuba (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Cuba (Flag) (2022)

Latest Data

Trade between Cuba (Flag) and Singapore (Flag)

Singapore Exports

Market Competitiveness

Color
Cuba
Top Destination
China$426M
Singapore
Top Destination
Hong Kong$51.6B

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 2022, countries that imported more from Cuba than Singapore included Andorra ($4.23M).

In 2022, countries that imported more from Singapore than Cuba included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Cuba (Flag) (2022)

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 2022, Cuba had a large net trade with Singapore in the exports of Foodstuffs ($5.03M), Metals ($1.36M), and Chemical Products ($1.17M).

During 2017, Singapore had a large net trade with Cuba in the exports of Plastics and Rubbers ($342k), Machines ($199k), and Paper Goods ($78.8k).

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) (2022)

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