2022
Flag
 GDP
$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC
$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH
-9.24%CURRENT US$
Rnk 162 / 186

About

Cuba-Turkey Trade: In 2022, Cuba exported $12.6M to Turkey. The main products that Cuba exported to Turkey were Wood Charcoal ($4.77M), Rolled Tobacco ($4M), and Hard Liquor ($2.28M). Over the past 5 years the exports of Cuba to Turkey have increased at an annualized rate of 0.58%, from $12.3M in 2017 to $12.6M in 2022.

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

Turkey-Cuba Trade: In 2022, Turkey exported $37.2M to Cuba. The main products that Turkey exported to Cuba were Wheat Flours ($19.8M), Hot-Rolled Iron ($2.1M), and Barium Sulphate ($1.17M). Over the past 5 years the exports of Turkey to Cuba have increased at an annualized rate of 3.02%,  from $32M in 2017 to $37.2M in 2022.

In 2022, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cuba exported $12.6M to Turkey. The main products exported from Cuba to Turkey were Wood Charcoal ($4.77M), Rolled Tobacco ($4M), and Hard Liquor ($2.28M). During the last 5 years the exports of Cuba to Turkey have increased at an annualized rate of 0.58%, from $12.3M in 2017 to $12.6M in 2022.

In 2017, Turkey exported $37.2M to Cuba. The main products exported from Turkey to Cuba were Wheat Flours ($19.8M), Hot-Rolled Iron ($2.1M), and Barium Sulphate ($1.17M). During the last 5 years the exports of Turkey to Cuba have increased at an annualized rate of 3.02%, from $32M in 2022 to $37.2M in 2017.

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

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

Latest Data

Trade between Cuba (Flag) and Turkey (Flag)

Turkey Exports

Market Competitiveness

Color
Cuba
Top Destination
China$426M
Turkey
Top Destination
Germany$21.9B

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

In 2022, countries that imported more from Cuba than Turkey included Macau ($28.9M).

In 2022, countries that imported more from Turkey than Cuba included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Cuba - Turkey

Flow
Scale

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

During 2022, Cuba had a large net trade with Turkey in the exports of Foodstuffs ($6.31M), Wood Products ($4.77M), and Chemical Products ($951k).

During 2017, Turkey had a large net trade with Cuba in the exports of Vegetable Products ($20.1M), Metals ($6.73M), and Chemical Products ($3.06M).

Economic Complexity

Competitive Landscape

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

Product Space of Cuba (Flag) and Turkey (Flag) (2022)

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