Cuba

Compare Cuba →

CU · CUB · BACI 192 · latest data 2024

Exports

$992M USD, nominal · 2024

= $992 M57.0% over 5 yrs (down)

Imports

$3.7B USD, nominal · 2024

= $3,736 M62.2% over 5 yrs (down)

Trade balancedeficit

−$2.7B USD, nominal · 2024

= −$2,744 M

Total trade

$4.7B USD, nominal · 2024

= $4,728 M61.2% over 5 yrs (down)

World position: #157 of 225 exporters · bottom half · #149 of 225 importers · bottom half · 2024
World export share since 1995: −0.0 pp

Trade timeline

Cuba's exports fell from $1.2B in 1995 to $992M in 2024; the 2024 balance was −$2.7B.

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Exports, imports, trade balance and total trade of Cuba per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$1,175 M	$2,100 M	−$925 M	$3,275 M
1996	$1,780 M	$2,715 M	−$935 M	$4,494 M
1997	$1,708 M	$2,482 M	−$775 M	$4,190 M
1998	$1,399 M	$2,656 M	−$1,257 M	$4,055 M
1999	$1,896 M	$4,500 M	−$2,604 M	$6,396 M
2000	$2,041 M	$4,800 M	−$2,759 M	$6,841 M
2001	$2,026 M	$4,772 M	−$2,746 M	$6,798 M
2002	$1,912 M	$4,208 M	−$2,295 M	$6,120 M
2003	$2,137 M	$4,759 M	−$2,622 M	$6,896 M
2004	$2,738 M	$5,820 M	−$3,082 M	$8,558 M
2005	$2,631 M	$8,045 M	−$5,414 M	$10,677 M
2006	$1,933 M	$7,588 M	−$5,654 M	$9,521 M
2007	$2,257 M	$6,476 M	−$4,219 M	$8,734 M
2008	$2,201 M	$8,580 M	−$6,379 M	$10,781 M
2009	$1,797 M	$5,001 M	−$3,204 M	$6,798 M
2010	$2,107 M	$5,697 M	−$3,591 M	$7,804 M
2011	$2,897 M	$6,340 M	−$3,443 M	$9,238 M
2012	$2,424 M	$6,597 M	−$4,172 M	$9,021 M
2013	$2,486 M	$7,254 M	−$4,768 M	$9,740 M
2014	$1,732 M	$6,061 M	−$4,328 M	$7,793 M
2015	$1,458 M	$7,029 M	−$5,571 M	$8,487 M
2016	$2,302 M	$10,322 M	−$8,021 M	$12,624 M
2017	$1,822 M	$10,382 M	−$8,560 M	$12,204 M
2018	$1,615 M	$11,637 M	−$10,023 M	$13,252 M
2019	$2,307 M	$9,882 M	−$7,576 M	$12,189 M
2020	$2,129 M	$7,234 M	−$5,105 M	$9,362 M
2021	$2,309 M	$8,291 M	−$5,982 M	$10,600 M
2022	$1,397 M	$6,274 M	−$4,877 M	$7,672 M
2023	$1,054 M	$3,967 M	−$2,913 M	$5,021 M
2024	$992 M	$3,736 M	−$2,744 M	$4,728 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.0% in 2024; export rank #107 → #157.

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World export and import share in percent, and world ranks, of Cuba per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.02%	0.04%	#107	#92
1996	0.03%	0.05%	#98	#90
1997	0.03%	0.04%	#101	#99
1998	0.03%	0.05%	#105	#96
1999	0.03%	0.08%	#97	#75
2000	0.03%	0.07%	#105	#78
2001	0.03%	0.08%	#107	#82
2002	0.03%	0.06%	#108	#86
2003	0.03%	0.06%	#110	#85
2004	0.03%	0.06%	#108	#86
2005	0.03%	0.08%	#114	#85
2006	0.02%	0.06%	#128	#91
2007	0.02%	0.05%	#125	#102
2008	0.01%	0.05%	#134	#105
2009	0.01%	0.04%	#132	#120
2010	0.01%	0.04%	#130	#114
2011	0.02%	0.04%	#131	#126
2012	0.01%	0.04%	#136	#129
2013	0.01%	0.04%	#139	#123
2014	0.01%	0.03%	#146	#131
2015	0.01%	0.04%	#147	#121
2016	0.01%	0.07%	#134	#94
2017	0.01%	0.06%	#142	#99
2018	0.01%	0.06%	#145	#99
2019	0.01%	0.05%	#138	#106
2020	0.01%	0.04%	#138	#114
2021	0.01%	0.04%	#142	#118
2022	0.01%	0.03%	#154	#136
2023	0.00%	0.02%	#158	#150
2024	0.00%	0.02%	#157	#149

30 rows

Trading partners

Spain was Cuba's top trading partner in 2024, at 20.0% of total trade; the top five partners covered 60.9%.

Year

Top partner share: 20.0%
Top-5 share: 60.9%
Partners: 124
Partner HHI (0–1): 0.103

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China $270M

Spain $109M

Germany $68M

Macao $57M

Switzerland $50M

Netherlands $39M

Belgium $26M

Canada $21M

Türkiye $16M

Italy $16M

United States $5M

Dominican Rep. $5M

Brazil $3M

Colombia $2M

Mexico $0M

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Top partners of Cuba in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Spain	$109 M	$835 M	$944 M	−$727 M
#2	China	$270 M	$644 M	$914 M	−$374 M
#3	United States	$5 M	$519 M	$524 M	−$514 M
#4	Brazil	$3 M	$277 M	$280 M	−$274 M
#5	Italy	$16 M	$201 M	$217 M	−$185 M
#6	Canada	$21 M	$194 M	$215 M	−$174 M
#7	Netherlands	$39 M	$145 M	$184 M	−$106 M
#8	Germany	$68 M	$110 M	$178 M	−$42 M
#9	Türkiye	$16 M	$123 M	$139 M	−$107 M
#10	Dominican Rep.	$5 M	$81 M	$86 M	−$77 M
#11	Belgium	$26 M	$50 M	$76 M	−$25 M
#12	Mexico	$0 M	$64 M	$64 M	−$64 M
#13	Colombia	$2 M	$59 M	$60 M	−$57 M
#14	Switzerland	$50 M	$8 M	$58 M	$42 M
#15	Macao	$57 M	$0 M	$57 M	$57 M

15 rows

Products & sectors

Product composition of Cuba's trade in 2024.

Year

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Concentration & risk

Cuba's export partners concentrated over 1995–2024 — HHI 0.099 → 0.107, a moderately concentrated export base across 118 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Cuba per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.099	0.100	80	66
1996	0.103	0.095	90	74
1997	0.107	0.095	96	71
1998	0.142	0.103	104	81
1999	0.093	0.073	132	140
2000	0.107	0.080	155	148
2001	0.125	0.088	154	162
2002	0.106	0.079	149	150
2003	0.123	0.070	153	157
2004	0.144	0.078	153	144
2005	0.135	0.089	151	149
2006	0.127	0.075	151	158
2007	0.259	0.079	146	108
2008	0.187	0.074	137	101
2009	0.139	0.086	144	106
2010	0.159	0.081	143	106
2011	0.139	0.077	142	107
2012	0.112	0.083	141	112
2013	0.085	0.083	145	110
2014	0.061	0.080	139	101
2015	0.075	0.115	146	103
2016	0.073	0.099	162	139
2017	0.078	0.082	162	150
2018	0.151	0.093	157	147
2019	0.133	0.074	152	148
2020	0.127	0.069	151	136
2021	0.146	0.068	151	152
2022	0.205	0.074	148	144
2023	0.145	0.104	121	100
2024	0.107	0.115	118	97

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