Cuba recorded a trade deficit of 6596 USD Million in 2024. Balance of Trade in Cuba averaged -5184.62 USD Million from 1990 until 2024, reaching an all time high of -535.50 USD Million in 1992 and a record low of -10570.00 USD Million in 2008. source: National Office of Statistics, Republic of Cuba



Related Last Previous Unit Reference
Balance of Trade -6596.00 -7391.00 USD Million Dec 2024
Exports 1474.00 1583.00 USD Million Dec 2024
Imports 8071.00 8974.00 USD Million Dec 2024


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.
Actual Previous Highest Lowest Dates Unit Frequency
-6596.00 -7391.00 -535.50 -10570.00 1990 - 2024 USD Million Yearly