Cuba recorded a trade deficit of 9112 CUC Million in 2018. source: National Office of Statistics, Republic of Cuba

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. This page provides - Cuba Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Balance of Trade - values, historical data and charts - was last updated on January of 2021.

Balance of Trade in Cuba is expected to reach -9630.00 CUC Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Balance of Trade is projected to trend around -10600.00 CUC Million in 2021, according to our econometric models.

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Cuba Balance of Trade

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

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 1.40 2.50 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 [+]
Crude Oil Production 41.00 50.00 57.90 22.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Tourist Arrivals 993.00 1051.00 551371.00 993.00 [+]


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.