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2022
Flag → Flag
Exports $48.8MRnk 188 / 0
2022
Flag → Flag
Exports $7.03MRnk 94 / 0
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

South Korea-Cuba Trade: In 2022, South Korea exported $48.8M to Cuba. The main products that South Korea exported to Cuba were N/A. Over the past 5 years the exports of South Korea to Cuba have decreased at an annualized rate of 15.5%, from $113M in 2017 to $48.8M in 2022.

In 2022, South Korea did not export any services to Cuba.

Cuba-South Korea Trade: In 2022, Cuba exported $7.03M to South Korea. The main products that Cuba exported to South Korea were N/A. Over the past 5 years the exports of Cuba to South Korea have increased at an annualized rate of 11.1%,  from $4.15M in 2017 to $7.03M in 2022.

In 2022, Cuba did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $2.03M and imported $610k from Cuba, resulting in a positive trade balance of $1.42M. Between December 2023 and December 2024 the exports of South Korea have increased by $467k (30%) from $1.56M to $2.03M, while imports increased by $364k (148%) from $246k to $610k.

Trade In December 2024, the top exports of South Korea to Cuba were Cars, tractors, trucks & parts thereof. ($493k), Machinery, mechanical appliances, & parts ($132k), Organic chemicals ($96k), Books, newspapers, & other prints ($44k), and Tobacco & substitutes ($0). In December 2024 the top imports of South Korea from Cuba were Tobacco & substitutes ($1.17M), Copper articles ($522k), Chemical products n.e.s. ($44k), Aluminum articles ($37k), and Knitted clothing accesories ($1k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Cuba was explained primarily by an increase in product exports in Cars, tractors, trucks & parts thereof. ($489k or 12.2k%) and Machinery, mechanical appliances, & parts ($130k or 6.5k%). In December 2024, the increase in South Korea's year-by-year imports  from Cuba was explained primarily by an increase in product imports  in Copper articles ($181k or 53.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$467k(30%)
IMPORT GROWTH (December 2023 - December 2024)$364k(148%)

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

To check Cuba and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cuba and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $48.8M to Cuba. There were not main exports from South Korea to Cuba in 2022. During the last 5 years the exports of South Korea to Cuba have decreased at an annualized rate of 15.5%, from $113M in 2017 to $48.8M in 2022.

In 2017, Cuba exported $7.03M to South Korea. There were not main exports from Cuba to South Korea in 2017. During the last 5 years the exports of Cuba to South Korea have increased at an annualized rate of 11.1%, from $4.15M in 2022 to $7.03M in 2017.

Exports from South Korea (Flag) to Cuba (Flag) (2022)

Exports from Cuba (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from South Korea than Cuba included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Cuba than South Korea included Liberia ($147).

Difference in imports from Cuba (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Cuba

Flow
Scale

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

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

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

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Cuba (Flag) (2022)

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