In 2020 Cuba was the number 151 economy in the world in terms of total exports and the number 149 in total imports. The communist regime has been incapable of assuring a developement of the Cuban economy. The American Embargo does not prevent Cuba from trading or doing business with any country in the world at preferential rates.
TOP EXPORT (2020): Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes, $267M
TOP DESTINATION (2020): China, $675M
In 2020, Cuba exported a total of $1.15B, making it the number 151 exporter in the world. During the last five reported years the exports of Cuba have changed by -$238M from $1.39B in 2015 to $1.15B in 2020.
The most recent exports are led by :
The most common destination for the exports of Cuba are China ($441M), Spain ($108M), India ($61.5M), Singapore ($50.2M), and Germany ($49.8M).
The top exports of Cuba are :
Exporting mostly to China ($441M), Spain ($108M), India ($61.5M), Singapore ($50.2M), and Germany ($49.8M).
The top imports of Cuba are :
Importing mostly from Spain ($675M), China ($483M), Italy ($211M), Brazil ($209M), and Canada ($197M).
Most Specialized Products by RCA Index
Cuba has a high level of specialization in :
Specialization is measured using RCA, an index that takes the ratio between Cuba observed and expected exports in each product.
Data from BACI HS6 REV. 1992 (1995 - 2020).
Most Complex Products by PCI
The highest complexity exports of Cuba according to the product complexity index (PCI) are :
PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Data from BACI HS6 REV. 1992 (1995 - 2020),. and OEC Economic Complexity Indicators.
Export Opportunities by Relatedness
The top export opportunities for Cuba according to the relatedness index are:
Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Cuba is not specialized in.
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