Colombia-Cuba Bilateral Trade Analysis 2023
Complete trade statistics: $52.85M total volume •Colombia surplus: $52.85M
Colombia → Cuba
$52.85M
Exports (2023)
Cuba → Colombia
$0
Imports (2023)
Trade Balance
$52.85M
Surplus for Colombia
Total Trade
$52.85M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Colombia and Cuba. Green line shows exports from Colombia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Colombia-Cuba commercial relationship and competitive positioning in global markets.
Colombia → Cuba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Colombia's export portfolio to Cuba demonstrates strategic specialization, with soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products) representing a key competitive advantage in this bilateral market.
Cuba → Colombia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Colombia's import pattern from Cuba reveals significant dependencyin toxins, cultures of micro-organisms (excluding yeasts) and similar products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Colombia demonstrates competitive strength in exportingsoap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products) to Cuba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $52.85M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Colombia-Cuba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $52.85 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Colombia maintains a surplus of $52.85 million
- Export Focus: Colombia's primary exports include soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products), sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils
- Import Dependencies: Key imports from Cuba include toxins, cultures of micro-organisms (excluding yeasts) and similar products, 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 $52.85M 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 Colombia leveraging its comparative advantages in soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products).
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
Colombia's specialization in soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products)complements Cuba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in toxins, cultures of micro-organisms (excluding yeasts) and similar products.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $52.85M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $52.85M 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 $52.85 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products) and toxins, cultures of micro-organisms (excluding yeasts) and similar products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Colombia's trade surplus of $52.85 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 Colombia and Cuba represents a total trade volume of $52.85 million in 2023. This partnership demonstrates a favorable trade balance for Colombia, with exports exceeding importsby $52.85 million.
Export Strengths
Colombia's exports to Cuba total $52.85 million, with competitive advantages in soap and organic surface-active products: in the form of bars, cakes, moulded shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap or detergent, for toilet use (including medicated products), representing $3.60M or6.8% of bilateral exports.
Import Dependencies
Imports from Cuba amount to $0.00, highlighting economic interdependence in toxins, cultures of micro-organisms (excluding yeasts) and similar products, with Toxins, cultures of micro-organisms (excluding yeasts) and similar products comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Colombia'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 Colombia and Cuba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023