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2022
Flag → Flag
Exports $31.5MRnk 161 / 217
2022
Flag → Flag
Top Product $15.6MRice
2022
Flag → Flag
Exports $3.78MRnk 34 / 123
2022
Flag → Flag
Top Product $2.29MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

India-Cuba Trade: In 2022, India exported $31.5M to Cuba. The main products that India exported to Cuba were Rice ($15.6M), Packaged Medicaments ($4.56M), and Other Heating Machinery ($1.21M). Over the past 5 years the exports of India to Cuba have decreased at an annualized rate of 14%, from $66.9M in 2017 to $31.5M in 2022.

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

Cuba-India Trade: In 2022, Cuba exported $3.78M to India. The main products that Cuba exported to India were Packaged Medicaments ($2.29M), Vaccines, blood, antisera, toxins and cultures ($599k), and Rolled Tobacco ($423k). Over the past 5 years the exports of Cuba to India have increased at an annualized rate of 15.5%,  from $1.84M in 2017 to $3.78M in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, India exported $797k and imported $87.4k from Cuba, resulting in a positive trade balance of $710k. Between July 2023 and July 2024 the exports of India have decreased by $-525k (-39.7%) from $1.32M to $797k, while imports increased by $48.7k (126%) from $38.7k to $87.4k.

Trade In July 2024, the top exports of India to Cuba were Rice(Other Than Basmoti) ($15.5M), Drug Formulations, Biologicals ($672k), Indl. Machnry For Dairy Etc ($366k), Motor Vehicle/Cars ($198k), and Cotton Fabrics, Madeups Etc. ($143k). In July 2024 the top imports of India from Cuba were Tobacco Manufactured ($195k), Lead And Products Made Of Led ($126k), and Alcoholic Beverages ($61.4k).

Growth In July 2024, the decrease in India's year-by-year exports to Cuba was explained primarily by an decrease in product exports in . In July 2024, the increase in India's year-by-year imports  from Cuba was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)$-525k(-39.7%)
IMPORT GROWTH (July 2023 - July 2024)$48.7k(126%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Cuba and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cuba and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $31.5M to Cuba. The main products exported from India to Cuba were Rice ($15.6M), Packaged Medicaments ($4.56M), and Other Heating Machinery ($1.21M). During the last 5 years the exports of India to Cuba have decreased at an annualized rate of 14%, from $66.9M in 2017 to $31.5M in 2022.

In 2017, Cuba exported $3.78M to India. The main products exported from Cuba to India were Packaged Medicaments ($2.29M), Vaccines, blood, antisera, toxins and cultures ($599k), and Rolled Tobacco ($423k). During the last 5 years the exports of Cuba to India have increased at an annualized rate of 15.5%, from $1.84M in 2022 to $3.78M in 2017.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from India than Cuba included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Cuba than India included Andorra ($4.23M) and Macau ($28.9M).

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

Comparative Advantage India - Cuba

Flow
Scale

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

During 2022, India had a large net trade with Cuba in the exports of Vegetable Products ($15.7M), Chemical Products ($8.49M), and Machines ($3.34M).

During 2017, Cuba had a large net trade with India in the exports of Chemical Products ($3.05M), Foodstuffs ($553k), and Metals ($156k).

Economic Complexity

Competitive Landscape

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

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

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