Cuba-Cyprus Bilateral Trade Analysis 2023
Complete trade statistics: $42.51M total volume •Cuba surplus: $42.51M
Cuba → Cyprus
$42.51M
Exports (2023)
Cyprus → Cuba
$0
Imports (2023)
Trade Balance
$42.51M
Surplus for Cuba
Total Trade
$42.51M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Cuba and Cyprus. Green line shows exports from Cuba, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Cuba-Cyprus commercial relationship and competitive positioning in global markets.
Cuba → Cyprus Exports
Export Market Intelligence
🎯 Strategic Export Focus
Cuba's export portfolio to Cyprus demonstrates strategic specialization, with cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto representing a key competitive advantage in this bilateral market.
Cyprus → Cuba Imports
Import Dependency Profile
📦 Import Strategy Analysis
Cuba's import pattern from Cyprus reveals significant dependencyin juice: pineapple, of a brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Cuba demonstrates competitive strength in exportingcigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto to Cyprus, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $42.51M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Cuba-Cyprus Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $42.51 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Cuba maintains a surplus of $42.51 million
- Export Focus: Cuba's primary exports include cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, wood: charcoal of wood other than bamboo (including shell or nut charcoal), whether or not agglomerated, paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906
- Import Dependencies: Key imports from Cyprus include juice: pineapple, of a brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter, juice: orange, not frozen, of a brix value not exceeding 20, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter, juice: tomato, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter
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 $42.51M 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 Cuba leveraging its comparative advantages in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto.
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
Cuba's specialization in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment theretocomplements Cyprus's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in juice: pineapple, of a brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $42.51M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $42.51M 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 $42.51 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto and juice: pineapple, of a brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Cuba's trade surplus of $42.51 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 Cuba and Cyprus represents a total trade volume of $42.51 million in 2023. This partnership demonstrates a favorable trade balance for Cuba, with exports exceeding importsby $42.51 million.
Export Strengths
Cuba's exports to Cyprus total $42.51 million, with competitive advantages in cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto, representing $41.49M or97.6% of bilateral exports.
Import Dependencies
Imports from Cyprus amount to $0.00, highlighting economic interdependence in juice: pineapple, of a brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter, with Juice: pineapple, of a Brix value not exceeding 20, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Cuba'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 Cuba and Cyprus in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023