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Cuba Trade Summary

2019

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 2019

Overall Exports and Imports for Cuba 2019

Exports and imports of Cuba in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,062 million.
  • The total value of imports (CIF) was 9,901 million.
  • At the HS6 digit level, 630 products were exported to 108 countries and 3,582 products were imported from 142 countries.

Cuba top 5 Export and Import partners 2019

Top five countries to which Cuba exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Cuba exports to Canada worth US$ 456 million, with a partner share of 22.12 percent.
  2. Cuba exports to China worth US$ 443 million, with a partner share of 21.46 percent.
  3. Cuba exports to Venezuela worth US$ 261 million, with a partner share of 12.67 percent.
  4. Cuba exports to Spain worth US$ 231 million, with a partner share of 11.21 percent.
  5. Cuba exports to Netherlands worth US$ 140 million, with a partner share of 6.79 percent.

Top five countries from which Cuba imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Cuba imports from Venezuela worth US$ 1,771 million, with a partner share of 17.88 percent.
  2. Cuba imports from China worth US$ 1,228 million, with a partner share of 12.41 percent.
  3. Cuba imports from Spain worth US$ 1,115 million, with a partner share of 11.27 percent.
  4. Cuba imports from Russian Federation worth US$ 528 million, with a partner share of 5.34 percent.
  5. Cuba imports from Mexico worth US$ 451 million, with a partner share of 4.55 percent.

Cuba Top 5 Productsexports imports at HS 6 digit level 2019

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 600,545.70 (US$ Thousands).
  2. Cuba exported Cigars, cheroots and cigarillos containing toba , worth 258,676.57 (US$ Thousands).
  3. Cuba exported Raw cane sugar, in solid form , worth 207,796.53 (US$ Thousands).
  4. Cuba exported Other medicaments of mixed or unmixed products, , worth 190,559.67 (US$ Thousands).
  5. Cuba exported Rum and tafia , worth 164,474.89 (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 1,412,694.12 (US$ Thousands).
  2. Cuba imported Petroleum oils and oils obtained from bituminou , worth 1,073,169.76 (US$ Thousands).
  3. Cuba imported Frozen cuts and offal of chicken (excl. livers) , worth 312,060.65 (US$ Thousands).
  4. Cuba imported Maize (excl. seed) , worth 198,683.59 (US$ Thousands).
  5. Cuba imported Broken rice , worth 189,603.05 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Cuba in 2019 are below

  • The maximum rate of tariff in percentage on any product was 30 percent.
  • The simple average tariff across all products was 10.52 percent.
  • The trade weighted average tariff was 8.54 .
  • The total duty free imports in thousands of US dollars were 850,021.27 and duty free tariff line items share was 9.78 percent.

Development Indicators 2019

Key Development Indicators of Cuba in 2019 are below

  • Cuba GDP in current US dollar was 103,428 million.
  • GNI per capita, Atlas method (current US$) was 8,920.00 .
  • Cuba Trade balance: as % of GDP was 1.61.
  • Trade balance in current US$ was 1,661.00 million.
  • Trade as percentage of GDP was 22.82 .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 2019

Trade Indicators for Cuba in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.15.
  • Index of export market penetration was 1.80.
  • World Growth in percentage was -1.26 and Cuba Country Growth was -3.40 .