Cuba recorded a trade deficit of 9112 CUC Million in 2018. Balance of Trade in Cuba averaged -4828.17 CUC Million from 1990 until 2018, reaching an all time high of -535.50 CUC Million in 1992 and a record low of -10570 CUC Million in 2008.

Balance of Trade in Cuba is expected to be -7980.00 CUC Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Balance of Trade is projected to trend around -9630.00 CUC Million in 2020, according to our econometric models.

Cuba Balance of Trade
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Cuba Trade Last Previous Highest Lowest Unit
Balance of Trade -9112.00 -7770.00 -535.50 -10570.00 CUC Million [+]
Current Account 1818.00 2325.00 3112.00 -2308.80 CUC Million [+]
Current Account to GDP 1.70 2.40 3.90 -3.80 percent [+]
Imports 11484.00 10172.00 14707.00 2008.20 CUC Million [+]
Exports 2373.00 2402.00 5870.00 1156.70 CUC Million [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 453374.00 390086.00 551371.00 104098.00 [+]
Crude Oil Production 50.00 50.00 57.90 22.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Cuba Balance of Trade

Cuba runs consistent trade deficits as a result of low productivity and dependence on food imports. Cuba mainly exports nickel, cane sugar, cigars, fuel, beverages, metallic ores, fish, cement, oil and thyroid extract. Cuba mainly imports food, cereals, fuel, diesel engines, vehicles, motor parts and vegetable oils. Cuba’s main trading partners are Venezuela, China, Canada, Spain, Brazil, the Netherlands, the United States, México, Italy, France, Germany and Russia. This page provides - Cuba Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-9112.00 -7770.00 -535.50 -10570.00 1990 - 2018 CUC Million Yearly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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