Cuba (CUB) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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Cuba-Venezuela Trade: In 2022, Cuba exported $26.9M to Venezuela. The main products that Cuba exported to Venezuela were N/A. Over the past 5 years the exports of Cuba to Venezuela have decreased at an annualized rate of 12.2%, from $51.4M in 2017 to $26.9M in 2022.

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

Venezuela-Cuba Trade: In 2022, Venezuela exported $161M to Cuba. The main products that Venezuela exported to Cuba were N/A. Over the past 5 years the exports of Venezuela to Cuba have decreased at an annualized rate of 38.1%, from $1.77B in 2017 to $161M in 2022.

In 2022, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cuba exported $26.9M to Venezuela. There were not main exports from Cuba to Venezuela in 2022. During the last 5 years the exports of Cuba to Venezuela have decreased at an annualized rate of 12.2%, from $51.4M in 2017 to $26.9M in 2022.

In 2017, Venezuela exported $161M to Cuba. There were not main exports from Venezuela to Cuba in 2017. During the last 5 years the exports of Venezuela to Cuba have decreased at an annualized rate of 38.1%, from $1.77B in 2022 to $161M in 2017.

Exports from Cuba () to Venezuela () (2022)

Exports from Venezuela () to Cuba () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cuba
Top DestinationChina$358M

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Cuba than Venezuela included Germany ($68.1M), Switzerland ($48.2M), and Cyprus ($42.5M).

In 2023, countries that imported more from Venezuela than Cuba included United States ($3.81B), Spain ($670M), and Brazil ($468M).

Difference in imports from Venezuela () and Cuba () (2023)

Comparative Advantage Cuba - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cuba had a large net trade with Venezuela in the exports of .

During 2017, Venezuela had a large net trade with Cuba in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cuba () to Venezuela () (2022)

Exports from Venezuela () to Cuba () (2022)

Market Competitiveness

Difference in imports from Venezuela () and Cuba () (2023)

Comparative Advantage Cuba - Venezuela

Economic Complexity

Competitive Landscape

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

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