Trade Trend

In 2023, Cuba's total export value is 1.59Billion USD, total import value is 4.20Billion USD, Deficit is -2.60Billion USD. In 2023，Cuba's top export products are None(557.04Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(352.34Million USD), Nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgy(139.30Million USD), top export destinations are Canada(585.61Million USD), China(358.66Million USD), Spain(126.68Million USD). In 2023, Cuba's top import products are Meat and edible offal of poultry; of the poultry of heading no. 0105, (i.e. fowls of the species Gallus domesticus), fresh, chilled or frozen(330.46Million USD), Commodities not specified according to kind(303.72Million USD), Rice(199.08Million USD), top import origins are Spain(943.70Million USD), China(503.78Million USD), United States(404.38Million USD).

Comparing to 2022, Cuba's total export value decreased -221.12Million USD(-12.18%) in 2023, this could result from its export decreases of products such as None(-163.98Million USD or -22.74%), Cane or beet sugar and chemically pure sucrose, in solid form(-62.20Million USD or -81.87%), Zinc ores and concentrates(-37.48Million USD or -26.21%) and export decreases to countries/economics such as Canada(-153.12Million USD or -20.73%), China(-92.98Million USD or -20.59%), Portugal(-30.52Million USD or -64.09%). Comparing to 2022, Cuba's total import value increased 293.02Million USD(7.50%) in 2023, this could result from its import increases of products such as Rice(104.46Million USD or 110.41%), Beer made from malt(74.40Million USD or 85.26%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(43.84Million USD or 214.26%), and its import increases from countries/economies such as Spain(126.39Million USD or 15.46%), China(91.44Million USD or 22.18%), India(58.96Million USD or 192.11%).

Cumulated to first 7 months of 2024, Cuba's total export value is 555.47Million USD, total import value is 1.49Billion USD, and tradedeficit is -933.48Million USD. Cumulated to first 7 months of 2024, Cuba's top export products are None(176.50Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(143.42Million USD), Zinc ores and concentrates(43.45Million USD), and top export destinations are Canada(183.14Million USD), China(115.82Million USD), Hong Kong CN(68.36Million USD). Cumulated to first 7 months of 2024, Cuba's top import products are None(176.50Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(143.42Million USD), Zinc ores and concentrates(43.45Million USD), and top import origins areSpain(300.83Million USD), United States(235.63Million USD), China(184.08Million USD).