Canada-Cuba Bilateral Trade Analysis 2023
Complete trade statistics: $248.85M total volume •Canada surplus: $191.54M
Canada → Cuba
$220.20M
Exports (2023)
Cuba → Canada
$28.66M
Imports (2023)
Trade Balance
$191.54M
Surplus for Canada
Total Trade
$248.85M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Canada and Cuba. Green line shows exports from Canada, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Canada-Cuba commercial relationship and competitive positioning in global markets.
Canada → Cuba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Canada's export portfolio to Cuba demonstrates strategic specialization, with vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried representing a key competitive advantage in this bilateral market.
Cuba → Canada Imports
Import Dependency Profile
📦 Import Strategy Analysis
Canada's import pattern from Cuba reveals significant dependencyin fish: live, eels (anguilla spp.), highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Canada demonstrates competitive strength in exportingvegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried to Cuba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $248.85M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Canada-Cuba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $248.85 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Canada maintains a surplus of $191.54 million
- Export Focus: Canada's primary exports include vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried, cereals: wheat and meslin, other than durum wheat, other than seed, sulphur of all kinds: other than sublimed, precipitated and colloidal sulphur
- Import Dependencies: Key imports from Cuba include fish: live, eels (anguilla spp.), cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, rum and other spirits obtained by distilling fermented sugar-cane products
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $248.85M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Canada leveraging its comparative advantages in vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Canada's specialization in vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, driedcomplements Cuba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fish: live, eels (anguilla spp.).
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $248.85M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $248.85M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $248.85 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried and fish: live, eels (anguilla spp.) demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Canada's trade surplus of $191.54 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Canada and Cuba represents a total trade volume of $248.85 million in 2023. This partnership demonstrates a favorable trade balance for Canada, with exports exceeding importsby $191.54 million.
Export Strengths
Canada's exports to Cuba total $220.20 million, with competitive advantages in vegetables, leguminous: peas (pisum sativum), shelled, whether or not skinned or split, dried, representing $22.86M or10.4% of bilateral exports.
Import Dependencies
Imports from Cuba amount to $28.66 million, highlighting economic interdependence in fish: live, eels (anguilla spp.), with Fish: live, eels (Anguilla spp.) comprising53.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Canada's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Canada and Cuba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023