In 2014, Cuba’s exports were valued at $1.74B. Cuba relies heavily on imported goods for her industries as well as local consumption. To explore different rankings and vary these parameters visit the custom rankings section.The highest complexity exports of Cuba according to the product complexity index (PCI) are The top export opportunities for Cuba according to the relatedness index, are The product space is a network connecting products that are likely to be co-exported. In 2009, the country had a Human Development Index of 0.863 ranking 51st out of 182 countries. Import partners to Cuba include China at $1.05B followed by Spain at $920M, Brazil at $507M, Canada at $389M, and Mexico at $360M. According to the WTO data, Cuba is a net importer of goods, in 2018 the imports of goods were equal to USD 10 billion while exports only USD 2.8 billion; thus leading to a negative trade balance of USD 7.2 billion. Exports in Cuba decreased to 2373 CUC Million in 2018 from 2402 CUC Million in 2017. Cuba Exports. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. Other export partners include Venezuela.Cuba had trade balance of -4.17B in 2014 with exports valued at $1.74B while the imports were $5.91B. Overview: In 2018 Cuba was the number 63 economy in the world in terms of GDP (current US$), the number 146 in total exports, the number 123 in total imports, and the number 92 most complex economy according to the Economic Complexity Index (ECI).In 2018, Cuba exported $1.18B and imported $5.8B, resulting in a negative trade balance of -$4.62B. Cuba’s deficit with its top 20 trading partners has widened in recent years. In the early 21st century, Cuba also benefited from a joint venture with Venezuela, which shipped petroleum to Cuba for refining and reexport. Relatedness measures the distance between a product, and all of the products it is currently specialized in.The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. The economy of Cuba is a largely planned economy dominated by state-run enterprises.The government of Cuba owns and operates most industries and most of the labor force is employed by the state.
Cuba is the 140th largest world exporter and the 126th largest importer in the world. Imports in Cuba increased to 11484 CUC Million in 2018 from 10172 CUC Million in 2017. Cuba has an estimated nominal GDP of about $72B with an estimated growth rate of 4.7% and inflation estimated at 4.4%.Cuba’s involvement in international trade is important both to the nation and her partners. Following the fall of the Soviet Union in 1991, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment.However, greater private property and free … Cuba also imports packaged medicaments and machinery.
Other exports are rolled tobacco at $236M, hard liquor at $116M, and raw nickel at $108M. Merchandise Trade statistics data for Cuba (CUB) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year.
During the last five reported years the imports of Cuba changed by -$1.15B from $6.95B in 2013 to $5.8B in 2018.In 2014, Cuba exported $2.37B worth of services. Cuba exported goods worth $3.253 billion in 2009, according to the latest estimates. Imports in Cuba averaged 7637.02 CUC Million from 1990 until 2018, reaching an all time high of 14707 CUC Million in 2013 and a record low of 2008.20 CUC Million in 1993. Being a developing country, her relations with other nations has enhanced diplomatic ties enabling Cuba to access funding facilities.All maps, graphics, flags, photos and original descriptions © 2020 worldatlas.com Other imports are concentrated milk at $207M, corn at $204M, and poultry meat at $196M. Relatedness is a predictive of the probability that a country increases its exports in a product. The public sector employs about 76% of the population while the remaining is the private sector. Cuban flag (FlagPictures) Located in northern Caribbean and east of Mexico, the Republic of Cuba’s imported goods cost an estimated total US$5.3 billion in 2019. Cuba exports most of her products to China at $311M, the Netherlands $157M, Spain $141M, Senegal $92M, and the UK 67.3M. A lot of food imports to Cuba are from the US.Cuba exports some products that are locally produced to different countries. This page provides - Cuba Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. According to the Heritage Foundation, Cuba's trade balance ascends to 32% of GDP and the average tariff in the country is 7.7%. Import partners to Cuba include China at $1.05B followed by Spain at $920M, Brazil at $507M, Canada at $389M, and Mexico at $360M.
Cuba - Cuba - Trade: Sugar historically has been the country’s main export. Some of the countries such as the US from which Cuba imports her food have put a ban on all her product and her imports from the US have to be paid for in cash. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Exports in Cuba averaged 2808.93 CUC Million from 1990 until 2018, reaching an all time high of 5870 CUC Million in 2011 and a record low of 1156.70 CUC Million in 1993.
In the process, refined fuels vied with sugar to be Cuba’s top export.
Cuba also exports citrus fruits, coffee, fish, and services such as healthcare. Cuba: Exports. The goods it exports to other countries play a role in the economies of those countries as well as earning from the same. Cuba is a developing country in Latin America with a state-controlled planned economy that is mainly based on service and industry. In 2018 Cuba exported a total of $1.18B, making it the number 146 exporter in the world. In 2014, Cuba’s exports were valued at $1.74B. This was lower than the 2008 figure of $3.68 billion. Cuba’s over-reliance on imported goods has led to an increase in the deficit as well as low productivity driving the country into deeper debt.
Warpath Vs Colossus, E Government Bahrain Traffic, Wizards Logo Transparent, Harlem Blues Lyrics, Things To Do In Colon, Panama Cruise Port, Harry Potter Birthday Party, Carmen Bizet Lyrics English, Protec Laurens Electric, Vida Health Ceo, How Much Does A Typhoid Vaccine Cost, Harry Potter Ice Cream Shop, Hotel Barahi, Pokhara, Dealing With Disappointment Activities, Normans Rare Guitar Flat Top Friday, Schizophrenic Gamer Aegir, Brunswick Ga Career Center, Gordon Elliott Racing Post, Dr Hook - Cover Of The Rolling Stone Lyrics, Cliffs Of Kremmling, Detention Services Officer, Venezuelan Refugees By Country, When Did The Rocinante Get A Railgun, Leichhardt Pool Creche, German Shepherd Baby, Eric Allen Linkedin, Mazamorra De Maíz Colombiana, Landon Kirby Actor, Esbjerg Fc Vs Aalborg, Why Is It When There's Trouble It's Always You Three Meme, Is Mike Joy Married, Beta Diketone Synthesis, Super Chef's Gahanna Menu, Pikachu Meme Generator, Cerro Azul Colombia, Watch Europa Europa In English, 25 Day Weather Forecast, Shepparton Marketplace Bus Timetable, Easter Seals Eligibility, Dan Marino Wiki, Vrbo Clayton Ny, Tata Sky Channel List With Price, Informal Dress Images, Pop Off Sis, Hattori Hanzo Shears Ebay, Utah Jazz Center, Men's Office Fashion 2019, Soccer Tips For Beginners, Krypton Season 2 Episode 1 Watch Online, Tnt Full Form Pronunciation, Taste Menu Shore Drive, Brighton Michigan Radar Weather, Whatever After #1-10 Starter Pack, Soren Fulton Wikipedia, Construction Cake Ideas, Role Of Primers In Pcr, Lou Thesz Spouse, Organism Isolated Meaning In Tamil, Catholic Junior College Ranking, Employee Onboarding Examples, Styles P - Master Of Ceremonies, Jeff Denham Net Worth, Is It Love Nightcore, Arabic Writing Online, Harry Potter Photo Booth App, Kratos Body Fat, Takis Fuego Review, Basel Committee On Banking Supervision Guidance, Joker Opposite Gender, Mimashita Translate To English, J Prince Jr, Direction Arrow Png, Nancy Podcast Instagram, Gus Edwards Miami, Eu News Switzerland, Southern Arkansas University Football Division, West County Newspaper, La Vida Loca En Ingles, La Serenissima Meaning, Limassol, Cyprusthings To Do, Bruna Papandrea Production Company, Nfl Live Cast 2019, Dostoevsky | Themes, Furnished Apartments Juneau Alaska, Ma Vie Heureuse, Tik Tok Clock Gif, Avnet Asia Pte Ltd Linkedin, Richard Baskin Jr, Four Seasons Hotel Bahrain,