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Cuba

Cuba ranked No. 128 in total trade value through August with a total of $243.26 million. Exports totaled $241.68 million and Imports totaled $1.58 million, a surplus of $240.1 million.

January – August 2019

Top Trading Ports

Total Trade: $243.26 million

RankPortTotal YTD
1Port of New Orleans $101,324,365
2Port of Jacksonville, Fla. $38,529,364
3Port of Mobile, Ala. $29,374,060
4Port of Wilmington, N.C. $19,410,748
5Port of Greater Baton Rouge, La. $17,174,909
6Port of Virginia $15,275,833
7Port Everglades, Fla. $10,695,898
8John F. Kennedy International Airport $7,251,227
9Port of Savannah, Ga. $1,218,905
10Philadelphia International Airport $1,128,386

U.S. trade with Cuba rose to $243.26 million through August

Cuba’s trade with the United States rose to $243.26 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.77 percent above its total trade during the same time period last year. U.S. exports to Cuba increased 12.47 percent while U.S. imports from Cuba rose 90.99 percent. The U.S. surplus with Cuba was $240.1 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New Orleans; No. 2 Port of Jacksonville, Fla.; No. 3 Port of Mobile, Ala.; No. 4 Port of Wilmington, N.C.; and No. 5 Port of Greater Baton Rouge, La.. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port of Jacksonville, Fla. No. 3 Port of Virginia No. 4 Port Everglades, Fla. and No. 5 Port of Mobile, Ala.. In the current time period, the top five accounted for 84.61 percent of Cuba’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans rose 38.6 percent to $101.32 million.
    Exports rose 38.59 percent to $101.32 million. Imports totaled $7,000.
  • Trade with No. 2 Port of Jacksonville, Fla. rose 1.18 percent to $38.53 million.
    Exports rose 1.18 percent to $38.53 million. There were no imports.
  • Trade with No. 3 Port of Mobile, Ala. rose 102.74 percent to $29.37 million.
    Exports rose 102.74 percent to $29.37 million. There were no imports.
  • Trade with No. 4 Port of Wilmington, N.C. rose 630.89 percent to $19.41 million.
    Exports rose 630.89 percent to $19.41 million. There were no imports.
  • Trade with No. 5 Port of Greater Baton Rouge, La. totaled $17.17 million.
    Exports totaled $17.17 million. There were no imports.

Cuba ranked No. 128 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 140.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Cuba by value through August were the categories of Chicken and other poultry; Soybean oilcake, other solid residue, not ground; Soybeans; Corn; and Phosphates, etc., respectively. They accounted for 89.46 percent of total exports to Cuba.

The value of the top five categories of U.S. imports from Cuba –– Paintings, drawings and other artwork; Original sculptures and statues; Wood charcoal; Original engravings, prints, lithographs; and Travel goods, including handbags, wallets, jewelry –– accounted for 100 percent of all inbound shipments.

Looking more closely at U.S. exports to Cuba:

  • Chicken and other poultry rose 38.55 percent compared to last year to $149.4 million.
  • Soybean oilcake, other solid residue, not ground totaled $32.85 million. The previous year, there were no exports in this category.
  • Soybeans fell 52.15 percent compared to last year to $15.28 million.
  • Corn fell 48.51 percent compared to last year to $9.86 million.
  • Phosphates, etc. rose 92.13 percent compared to last year to $8.83 million.

Looking more closely at U.S. imports from Cuba:

  • Paintings, drawings and other artwork rose 47.24 percent compared to last year to $1.14 million.
  • Original sculptures and statues rose 623.27 percent compared to last year to $385,140.
  • Wood charcoal totaled $30,545. The previous year, there were no imports in this category.
  • Original engravings, prints, lithographs totaled $24,243. The previous year, there were no imports in this category.
  • Travel goods, including handbags, wallets, jewelry totaled $553. The previous year, there were no imports in this category.

In the latest annual figures available, Cuba recorded $283.18 million in trade with the United States. At year’s end, its were New Orleans; Miami; Norfolk; Mobile; and Jacksonville/Tampa. Total U.S. exports to Cuba were $ 283.18 million and imports from Cuba were $0. The U.S. surplus with Cuba was $283.18 million.