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2023
Flag → Flag
Exports $2.75MRnk 39 / 121
2023
Flag → Flag
Exports $4.15MRnk 179 / 216
2023
Flag → Flag
Top Product $1.52MProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Cuba-Thailand Trade: In 2023, Cuba exported $2.75M to Thailand. The main products that Cuba exported to Thailand were N/A. Over the past 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 10.4%, from $4.75M in 2018 to $2.75M in 2023.

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

Thailand-Cuba Trade: In 2023, Thailand exported $4.15M to Cuba. The main products that Thailand exported to Cuba were Processed Fish ($1.52M), Rubber Tires ($1.08M), and Plastic Lids ($794k). Over the past 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 29.7%,  from $24.1M in 2018 to $4.15M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $2.75M to Thailand. There were not main exports from Cuba to Thailand in 2023. During the last 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 10.4%, from $4.75M in 2018 to $2.75M in 2023.

In 2018, Thailand exported $4.15M to Cuba. The main products exported from Thailand to Cuba were Processed Fish ($1.52M), Rubber Tires ($1.08M), and Plastic Lids ($794k). During the last 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 29.7%, from $24.1M in 2023 to $4.15M in 2018.

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

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

Latest Data

Trade between Cuba (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Cuba
Top DestinationChina$358M
Thailand
Top DestinationUnited States$58.5B

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 2023, countries that imported more from Cuba than Thailand included Cyprus ($42.5M).

In 2023, countries that imported more from Thailand than Cuba included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Cuba - Thailand

Flow
Scale

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

During 2023, Cuba had a large net trade with Thailand in the exports of Foodstuffs ($1.42M), Chemical Products ($1.02M), and Metals ($301k).

During 2018, Thailand had a large net trade with Cuba in the exports of Plastics and Rubbers ($2.02M), Foodstuffs ($1.6M), and Chemical Products ($217k).

Economic Complexity

Competitive Landscape

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.

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

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