2023
Flag  
GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 195
2023
Flag
GDP PC 
$84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Singapore-Cuba Trade: In 2023, Singapore exported $403k to Cuba. The main products that Singapore exported to Cuba were Nonaqueous Paints ($132k), Refined Petroleum ($132k), and Coconuts, Brazil Nuts, and Cashews ($96.8k). Over the past 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 37.4%, from $4.19M in 2018 to $403k in 2023.

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

Cuba-Singapore Trade: In 2023, Cuba exported $10.4M to Singapore. The main products that Cuba exported to Singapore were Rolled Tobacco ($8.25M), Hard Liquor ($896k), and Vaccines, blood, antisera, toxins and cultures ($830k). Over the past 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 33.8%,  from $81.6M in 2018 to $10.4M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). That same year, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Singapore exported $403k to Cuba. The main products exported from Singapore to Cuba were Nonaqueous Paints ($132k), Refined Petroleum ($132k), and Coconuts, Brazil Nuts, and Cashews ($96.8k). During the last 5 years the exports of Singapore to Cuba have decreased at an annualized rate of 37.4%, from $4.19M in 2018 to $403k in 2023.

In 2018, Cuba exported $10.4M to Singapore. The main products exported from Cuba to Singapore were Rolled Tobacco ($8.25M), Hard Liquor ($896k), and Vaccines, blood, antisera, toxins and cultures ($830k). During the last 5 years the exports of Cuba to Singapore have decreased at an annualized rate of 33.8%, from $81.6M in 2023 to $10.4M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Cuba (Flag)

Singapore Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$44.5B
Cuba
Top Destination
China$358M

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

In 2023, countries that imported more from Singapore than Cuba included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Cuba than Singapore included Cyprus ($42.5M) and Andorra ($3.77M).

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

Comparative Advantage Singapore - Cuba

Flow
Scale

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

During 2023, Singapore had a large net trade with Cuba in the exports of Chemical Products ($174k), Mineral Products ($132k), and Vegetable Products ($96.8k).

During 2018, Cuba had a large net trade with Singapore in the exports of Foodstuffs ($9.22M), Chemical Products ($830k), and Vegetable Products ($129k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with