2023
Exports
$16.1MWorld Rnk 99 / 225
Flag Rnk 8 / 81
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$61.7MWorld Rnk 154 / 226
Flag Rnk 18 / 96
2023
ECONOMIC COMPLEXITY of Cuba
-0.42Rnk 82 / 132

About

Exports In 2023, Cuba exported $16.1M in Pharmaceutical products, making it the 99th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 8th most exported product in Cuba. The main destination of Pharmaceutical products exports from Cuba are: India ($1.76M), Dominican Republic ($1.68M), Panama ($1.57M), Argentina ($1.5M), and Colombia ($1.21M).

The fastest growing export markets for Pharmaceutical products of Cuba between 2022 and 2023 were Guatemala ($741k), Ecuador ($563k), and Costa Rica ($301k).

Imports In 2023, Cuba imported $61.7M in Pharmaceutical products, becoming the 154th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 18th most imported product in Cuba. Cuba imports Pharmaceutical products primarily from: Costa Rica ($27.1M), Canada ($6.33M), China ($6.23M), India ($4.7M), and Germany ($2.94M).

The fastest growing import markets in Pharmaceutical products for Cuba between 2022 and 2023 were Costa Rica ($5.48M), Brazil ($1.9M), and Italy ($1.27M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$16.1M
IMPORTS (2023)$61.7M
NET TRADE (2023)-$45.7M

In 2023, Cuba exported $16.1M in Pharmaceutical products. The main destinations of Cuba exports on Pharmaceutical products were India ($1.76M), Dominican Republic ($1.68M), Panama ($1.57M), Argentina ($1.5M), and Colombia ($1.21M).

In 2023, Cuba imported $61.7M in Pharmaceutical products, mainly from Costa Rica ($27.1M), Canada ($6.33M), China ($6.23M), India ($4.7M), and Germany ($2.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Cuba WERE (2022 - 2023):
Guatemala$741k (231%)
Ecuador$563k (729%)
Costa Rica$301k (1.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Cuba WERE (2022 - 2023):
Iran-$11.6M (-100%)
India-$1.13M (-39%)
Niger-$552k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Cuba's main exporting competitors in Pharmaceutical products were:
In 2023, Cuba's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Pharmaceutical products’s highest export potential is N/A. With an export gap of N/A.   Pharmaceutical products’s highest import potential is N/A with an import gap of N/A.

See methodology.

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