Thailand (THA) and Cuba (CUB) Trade | The Observatory of Economic Complexity

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Thailand-Cuba Trade: In 2022, Thailand exported $2.03M to Cuba. The main products that Thailand exported to Cuba were Rubber Tires ($450k), Plastic Lids ($392k), and Processed Fish ($376k). Over the past 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 33.8%, from $16M in 2017 to $2.03M in 2022.

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

Cuba-Thailand Trade: In 2022, Cuba exported $2.5M to Thailand. The main products that Cuba exported to Thailand were Vaccines, blood, antisera, toxins and cultures ($1.11M), Rolled Tobacco ($889k), and Scrap Iron ($415k). Over the past 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 6.11%, from $3.43M in 2017 to $2.5M in 2022.

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

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $2.03M to Cuba. The main products exported from Thailand to Cuba were Rubber Tires ($450k), Plastic Lids ($392k), and Processed Fish ($376k). During the last 5 years the exports of Thailand to Cuba have decreased at an annualized rate of 33.8%, from $16M in 2017 to $2.03M in 2022.

In 2017, Cuba exported $2.5M to Thailand. The main products exported from Cuba to Thailand were Vaccines, blood, antisera, toxins and cultures ($1.11M), Rolled Tobacco ($889k), and Scrap Iron ($415k). During the last 5 years the exports of Cuba to Thailand have decreased at an annualized rate of 6.11%, from $3.43M in 2022 to $2.5M in 2017.

Exports from Thailand () to Cuba () (2022)

Exports from Cuba () to Thailand () (2022)

Latest Data

Trade between Thailand () and Cuba ()

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from Thailand than Cuba included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Cuba than Thailand included Andorra ($4.23M).

Difference in imports from Cuba () and Thailand () (2022)

Comparative Advantage Thailand - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Cuba in the exports of Plastics and Rubbers ($861k), Foodstuffs ($377k), and Chemical Products ($268k).

During 2017, Cuba had a large net trade with Thailand in the exports of Chemical Products ($1.11M), Foodstuffs ($973k), and Metals ($415k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Thailand () to Cuba () (2022)

Exports from Cuba () to Thailand () (2022)

Latest Data

Trade between Thailand () and Cuba ()

Thailand Exports

Market Competitiveness

Difference in imports from Cuba () and Thailand () (2022)

Comparative Advantage Thailand - Cuba

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Cuba () (2022)

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