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Cuba Trade Summary

2017

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 2017

Overall Exports and Imports for Cuba 2017

Exports and imports of Cuba in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,344 million.
  • The total value of imports (CIF) was 10,172 million.
  • At the HS6 digit level, 636 products were exported to 118 countries and 3,624 products were imported from 148 countries.

Cuba top 5 Export and Import partners 2017

Top five countries to which Cuba exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Cuba exports to Canada worth US$ 467 million, with a partner share of 19.91 percent.
  2. Cuba exports to China worth US$ 364 million, with a partner share of 15.53 percent.
  3. Cuba exports to Venezuela worth US$ 318 million, with a partner share of 13.56 percent.
  4. Cuba exports to Spain worth US$ 207 million, with a partner share of 8.84 percent.
  5. Cuba exports to Netherlands worth US$ 92 million, with a partner share of 3.91 percent.

Top five countries from which Cuba imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Cuba imports from Venezuela worth US$ 1,774 million, with a partner share of 17.44 percent.
  2. Cuba imports from China worth US$ 1,659 million, with a partner share of 16.31 percent.
  3. Cuba imports from Spain worth US$ 1,102 million, with a partner share of 10.83 percent.
  4. Cuba imports from Mexico worth US$ 446 million, with a partner share of 4.38 percent.
  5. Cuba imports from Brazil worth US$ 424 million, with a partner share of 4.17 percent.

Cuba Top 5 Productsexports imports at HS 6 digit level 2017

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

  1. Cuba exported Raw cane sugar, in solid form , worth 467,480.95 (US$ Thousands).
  2. Cuba exported Cigars, cheroots and cigarillos containing toba , worth 230,144.90 (US$ Thousands).
  3. Cuba exported Rum and tafia , worth 147,336.89 (US$ Thousands).
  4. Cuba exported Petroleum oils and oils obtained from bituminou , worth 58,631.27 (US$ Thousands).
  5. Cuba exported Frozen rock lobster and other sea crawfish , worth 53,604.93 (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 1,291,607.32 (US$ Thousands).
  2. Cuba imported Petroleum oils and oils obtained from bituminou , worth 1,126,551.28 (US$ Thousands).
  3. Cuba imported Frozen cuts and offal of chicken (excl. livers) , worth 275,160.78 (US$ Thousands).
  4. Cuba imported Broken rice , worth 209,382.44 (US$ Thousands).
  5. Cuba imported Maize (excl. seed) , worth 204,632.06 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Cuba in 2017 are below

  • The maximum rate of tariff in percentage on any product was 30 percent.
  • The simple average tariff across all products was 9.95 percent.
  • The trade weighted average tariff was 7.15 .
  • The total duty free imports in thousands of US dollars were 1,248,038.10 and duty free tariff line items share was 13.79 percent.

Development Indicators 2017

Key Development Indicators of Cuba in 2017 are below

  • Cuba GDP in current US dollar was 96,851 million.
  • GNI per capita, Atlas method (current US$) was 7,950.00 .
  • Cuba Trade balance: as % of GDP was 2.88.
  • Trade balance in current US$ was 2,789.00 million.
  • Trade as percentage of GDP was 26.22 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2017

Trade Indicators for Cuba in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 1.85.
  • World Growth in percentage was 5.17 and Cuba Country Growth was 12.29 .