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Cuba Trade Summary

2016

Cuba exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR CUBA 2016

Overall Exports and Imports for Cuba 2016

Exports and imports of Cuba in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,156 million.
  • The total value of imports (CIF) was 10,270 million.
  • At the HS6 digit level, 1,042 products were exported to 116 countries and 3,669 products were imported from 132 countries.

Cuba top 5 Export and Import partners 2016

Top five countries to which Cuba exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Cuba exports to Venezuela worth US$ 364 million, with a partner share of 16.86 percent.
  2. Cuba exports to Canada worth US$ 331 million, with a partner share of 15.37 percent.
  3. Cuba exports to China worth US$ 258 million, with a partner share of 11.95 percent.
  4. Cuba exports to Spain worth US$ 183 million, with a partner share of 8.49 percent.
  5. Cuba exports to Netherlands worth US$ 94 million, with a partner share of 4.34 percent.

Top five countries from which Cuba imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Cuba imports from China worth US$ 2,328 million, with a partner share of 22.67 percent.
  2. Cuba imports from Venezuela worth US$ 1,583 million, with a partner share of 15.41 percent.
  3. Cuba imports from Spain worth US$ 1,134 million, with a partner share of 11.04 percent.
  4. Cuba imports from Brazil worth US$ 441 million, with a partner share of 4.30 percent.
  5. Cuba imports from Mexico worth US$ 422 million, with a partner share of 4.11 percent.

Cuba Top 5 Productsexports imports at HS 6 digit level 2016

The top five exported HS 6 digit level products to world by Cuba along with trade value are:

  1. Cuba exported Nickel oxide sinters and other intermediate pro , worth 458,277.77 (US$ Thousands).
  2. Cuba exported Raw cane sugar, in solid form , worth 346,053.52 (US$ Thousands).
  3. Cuba exported Cigars, cheroots and cigarillos containing toba , worth 217,829.99 (US$ Thousands).
  4. Cuba exported Other medicaments of mixed or unmixed products, , worth 217,219.84 (US$ Thousands).
  5. Cuba exported Antisera and other blood fractions , worth 115,233.11 (US$ Thousands).

The top five imported HS 6 digit level products from world by Cuba along with trade value are

  1. Cuba imported Petroleum oils, etc, (excl. crude); preparation , worth 1,180,722.48 (US$ Thousands).
  2. Cuba imported Petroleum oils and oils obtained from bituminou , worth 739,345.25 (US$ Thousands).
  3. Cuba imported Frozen cuts and offal of chicken (excl. livers) , worth 226,407.96 (US$ Thousands).
  4. Cuba imported Broken rice , worth 214,222.92 (US$ Thousands).
  5. Cuba imported Spelt, common wheat and meslin , worth 198,924.80 (US$ Thousands).

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Cuba in 2016 are below

  • The maximum rate of tariff in percentage on any product was 30 percent.
  • The simple average tariff across all products was 10.17 percent.
  • The trade weighted average tariff was 8.02 .
  • The total duty free imports in thousands of US dollars were 1,295,054.58 and duty free tariff line items share was 12.37 percent.

Development Indicators 2016

Key Development Indicators of Cuba in 2016 are below

  • Cuba GDP in current US dollar was 91,370 million.
  • GNI per capita, Atlas method (current US$) was 7,480.00 .
  • Cuba Trade balance: as % of GDP was 2.70.
  • Trade balance in current US$ was 2,464.00 million.
  • Trade as percentage of GDP was 27.27 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2016

Trade Indicators for Cuba in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 1.83.
  • World Growth in percentage was -1.35 and Cuba Country Growth was -9.40 .