Electrical machinery, equipment: -US$492.2 million (Down by -16.8% since 2017) Cuba exports for 2018 was $14.51B, a 3% increase from 2017. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Cuba is the 89th, largest importing economy in the world. Corporate solution including all features. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. The Observatory of Economic Complexity.

The Trading Economics Application Programming Interface (API) provides direct access to our data. Then you will be able to mark statistics as favourites and use personal statistics alerts. Our Standards: The Thomson Reuters Trust Principles. Our website uses cookies to improve your online experience. Direct access to our calendar releases and historical data. The treatment of exports and imports in the SNA is generally identical with that in the balance of payments accounts as described in the Balance of Payments Manual. Please contact us to get started with full access to dossiers, forecasts, studies and international data.

Details may not equal totals due to rounding. Please check your download folder. Cuba’s economic transition is creating a lot of interest from suppliers and exporters eager to capitalize on a recently opened society. However, the most important variable for Cuban business partners is financing.

Cuba exports for 2015 was $14.94B, a 16.12% decline from 2014. You can change your personal cookie settings through your internet browser settings. Within each sector, the responsible ministry assigns their allocation to import firms and state-owned enterprises according to government priorities and sector needs.

2 Min Read . The island nation’s large modernization needs in infrastructure, stagnating investment rates, low agricultural output, a lack of internal supply in consumer segments and a booming tourism industry create a wide variety of export opportunities in virtually all sectors of the economy.

Cuba mainly exports nickel, cane sugar, cigars, fuel, beverages, metallic ores, fish, cement, oil and thyroid extract. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Cuban nickel is considered to be Class II with an average 90 percent nickel content. Below are exports from Cuba that result in negative net exports or product trade balance deficits. As a result, your business partner has to be a public entity, either in the form of a fully state owned enterprise (empresas estatales, SOE) or a joint venture (empresas mixtas) between a Cuban SOE and a foreign company. Publish your articles and forecasts in our website. Product Registration with Cuba’s Registry of Suppliers (Cartera de Proveedores y Clientes) GRAVITON | Insights from Apple's Financial Statements, RIWI | Chinese More Optimistic About Financial Futures Than are Americans, National Accounts » GDP by Expenditure, at current prices - US Dollars. (September 2, 2019). The Observatory of Economic Complexity. The description is composed by our digital data assistant. The report Saturday evening from eastern Moa, Holguin province, where state monopoly Cubaniquel owns one plant and is joint venture partner with Canadian mining company Sherritt International in another, said both were on track to meet the goal of 54,500 tonnes. These are the only counterparts mandated to sign contracts and will be the Cuban counterpart liable to contractual obligations. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. These negative net exports reveal product categories where foreign spending on home country Cuba’s goods trail Cuban importer spending on foreign products.

“The Pedro Soto Alba plant plans to produce 36,000 tonnes ... and at Che Guevara 19,500 tonnes,” said the report, which focused on efforts to lower costs in the face of low prices.

Chart. Exporting to Cuba in 2017. The impact of Cuba’s sharp economic contraction occurred in the second half of 2016 after the cash-strapped government slashed imports, investment and fuel in response to lower exports and a drop in the highly subsidized oil deliveries from Venezuela.

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