What are some imports of Cuba?
Economy of Cuba
| Statistics | |
|---|---|
| Imports | $11.06 billion (2017 est.) |
| Import goods | Petroleum, food, machinery and equipment, chemicals |
| Main import partners | China 22% Spain 14% Russia 5% Brazil 5% Mexico 4.9% Italy 4.8% United States 4.5% (2017) |
| FDI stock | NA Abroad: $4.138 billion (2006 est.) |
What product is Cuba famous for?
Cigars are a famous Cuban product worldwide and almost the whole production is exported. The center of Cuban tobacco production is the Pinar del Río Province. Tobacco is the third largest source of hard currency for Cuba.
How much does Cuba import and export?
Imports of goods and services (current US$) In 2018, Cuba exported $14.5 billion and imported $12.6 billion, resulting in a positive trade balance of $1.9 billion. In 2006, Cuba’s largest export sector was Miscellaneous, with 66.82% of total exports. Cuba exported 1,148 different products in 2006.
What are the main imports and exports of Cuba?
Cuba’s main imports include wheat which makes up 3.96% of the total exports at $234M, followed by refined petroleum which accounts for 3.87% of the total imports at $228M.
Where does Cuba get most of its money from?
Cuba exports most of her products to China at $311M, the Netherlands $157M, Spain $141M, Senegal $92M, and the UK 67.3M. Other export partners include Venezuela.
How is the Cuban economy dependent on imports?
The Cuban economy is significantly dependent upon imported goods. More than 80 percent of the food consumed in Cuba is imported. Cuba’s trade deficit with the majority of its trading partners is widening as the country increases the amount of goods imported without simultaneously increasing the amount of exports.
Who are the major trade partners of Cuba?
The most common import partners for Cuba are Spain ($1.01B), China ($790M), Italy ($327M), Canada ($285M), and Russia ($285M). In 2014, Cuba exported $2.37B worth of services. The top services exported by Cuba in 2014 were Travel ($2.37B). Cuba did not import services in the same year.