Guyana-Cuba Bilateral Trade Analysis 2023
Complete trade statistics: $45.23M total volume •Guyana surplus: $45.23M
Guyana → Cuba
$45.23M
Exports (2023)
Cuba → Guyana
$0
Imports (2023)
Trade Balance
$45.23M
Surplus for Guyana
Total Trade
$45.23M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Guyana and Cuba. Green line shows exports from Guyana, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Guyana-Cuba commercial relationship and competitive positioning in global markets.
Guyana → Cuba Exports
Export Market Intelligence
🎯 Strategic Export Focus
Guyana's export portfolio to Cuba demonstrates strategic specialization, with cereals: rice, semi-milled or wholly milled, whether or not polished or glazed representing a key competitive advantage in this bilateral market.
Cuba → Guyana Imports
Import Dependency Profile
📦 Import Strategy Analysis
Guyana's import pattern from Cuba reveals significant dependencyin rum and other spirits obtained by distilling fermented sugar-cane products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Guyana demonstrates competitive strength in exportingcereals: rice, semi-milled or wholly milled, whether or not polished or glazed to Cuba, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $45.23M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Guyana-Cuba Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $45.23 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Guyana maintains a surplus of $45.23 million
- Export Focus: Guyana's primary exports include cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, sacks and bags: of a kind used for the packing of goods, of man-made textile materials, flexible intermediate bulk containers, freezers: of the chest type, not exceeding 800l capacity
- Import Dependencies: Key imports from Cuba include rum and other spirits obtained by distilling fermented sugar-cane products, engines: for marine propulsion, (other than outboard motors), spark-ignition reciprocating or rotary internal combustion piston engines, mammals: live, other than primates, whales, dolphins, porpoises (mammals of the order cetacea): manatees, dugongs (mammals of the order sirenia): seals, sea lions, walruses (mammals of the suborder pinnipedia), camels, other camelids, rabbits and hares
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 $45.23M 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 Guyana leveraging its comparative advantages in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed.
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
Guyana's specialization in cereals: rice, semi-milled or wholly milled, whether or not polished or glazedcomplements Cuba's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in rum and other spirits obtained by distilling fermented sugar-cane products.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $45.23M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $45.23M 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 $45.23 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed and rum and other spirits obtained by distilling fermented sugar-cane products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Guyana's trade surplus of $45.23 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 Guyana and Cuba represents a total trade volume of $45.23 million in 2023. This partnership demonstrates a favorable trade balance for Guyana, with exports exceeding importsby $45.23 million.
Export Strengths
Guyana's exports to Cuba total $45.23 million, with competitive advantages in cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, representing $45.19M or99.9% of bilateral exports.
Import Dependencies
Imports from Cuba amount to $0.00, highlighting economic interdependence in rum and other spirits obtained by distilling fermented sugar-cane products, with Rum and other spirits obtained by distilling fermented sugar-cane products comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Guyana'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 Guyana and Cuba in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023