Cuba (CUB) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Cuba-Thailand Trade: In 2022, Cuba exported $2.5M to Thailand. The main products that Cuba exported to Thailand were Vaccines, blood, antisera, toxins and cultures ($1.11M), Rolled Tobacco ($889k), and Scrap Iron ($415k). Over the past 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 6.11%, from $3.43M in 2017 to $2.5M in 2022.

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

Thailand-Cuba Trade: In 2022, Thailand exported $2.03M to Cuba. The main products that Thailand exported to Cuba were Rubber Tires ($450k), Plastic Lids ($392k), and Processed Fish ($376k). Over the past 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 33.8%, from $16M in 2017 to $2.03M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cuba exported $2.5M to Thailand. The main products exported from Cuba to Thailand were Vaccines, blood, antisera, toxins and cultures ($1.11M), Rolled Tobacco ($889k), and Scrap Iron ($415k). During the last 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 6.11%, from $3.43M in 2017 to $2.5M in 2022.

In 2017, Thailand exported $2.03M to Cuba. The main products exported from Thailand to Cuba were Rubber Tires ($450k), Plastic Lids ($392k), and Processed Fish ($376k). During the last 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 33.8%, from $16M in 2022 to $2.03M in 2017.

Exports from Cuba () to Thailand () (2022)

Exports from Thailand () to Cuba () (2022)

Latest Data

Trade between Cuba () and Thailand ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cuba
Top DestinationChina$426M

Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Cuba included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand () and Cuba () (2022)

Comparative Advantage Cuba - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cuba had a large net trade with Thailand in the exports of Chemical Products ($1.11M), Foodstuffs ($973k), and Metals ($415k).

During 2017, Thailand had a large net trade with Cuba in the exports of Plastics and Rubbers ($861k), Foodstuffs ($377k), and Chemical Products ($268k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cuba () to Thailand () (2022)

Exports from Thailand () to Cuba () (2022)

Latest Data

Trade between Cuba () and Thailand ()

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Cuba () (2022)

Comparative Advantage Cuba - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cuba () and Thailand () (2022)

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