[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · CUB · 2024
Cuba trade profile
In 2024, Cuba recorded $1.7B in merchandise exports and $5.2B in imports, producing a $3.5B trade deficit. Exports changed -1.7% from the previous year, while imports changed -19.6%.[1]
Exports
$1.7B
-1.7%
Imports
$5.2B
-19.6%
Trade balance
-$3.5B
deficit
Active partners
270
1 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$756.7M
HS 75 · HS chapter
9 active HS6 lines · 122 export partners
2$271.1M
HS 24 · HS chapter
10 active HS6 lines · 106 export partners
3$149.7M
HS 22 · HS chapter
24 active HS6 lines · 107 export partners
4$147.2M
HS 26 · HS chapter
20 active HS6 lines · 7 export partners
5$59.8M
HS 30 · Pharmaceutical products
41 active HS6 lines · 43 export partners
6$54.7M
HS 03 · HS chapter
122 active HS6 lines · 34 export partners
7$54.2M
HS 17 · HS chapter
17 active HS6 lines · 121 export partners
8$35.0M
HS 44 · HS chapter
74 active HS6 lines · 50 export partners
Leading export markets
Destinations rank bilateral export flows from Cuba; growth describes each corridor rather than the whole economy.
1$439.4M
Canada
Annual change -9.5% · 3-year CAGR -9.2%
2$262.8M
China
Annual change -17.1% · 3-year CAGR -13.7%
3$187.6M
Spain
Annual change +3.1% · 3-year CAGR 10.2%
4$68.0M
Switzerland
Annual change +28.1% · 3-year CAGR 30.5%
5$56.1M
Germany
Annual change -8.3% · 3-year CAGR 4.9%
6$52.8M
Belgium
Annual change +10.9% · 3-year CAGR 4.0%
7$52.4M
Cyprus
Annual change +27.7% · 3-year CAGR 49.4%
8$45.6M
Macau
Annual change +21.5% · 3-year CAGR 51.2%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.