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Cuba

Cuba ranked No. 143 in total trade value through October with a total of $241.27 million. Exports totaled $240.43 million and Imports totaled $832,550, a surplus of $239.6 million.

January – October 2018

Top Trading Ports

Total Trade: $241.27 million

RankPortTotal YTD
1Port of New Orleans $80,951,955
2Port of Jacksonville, Fla. $43,579,663
3Port of Virginia $31,926,080
4Port Everglades, Fla. $29,712,788
5Port of Mobile, Ala. $18,371,386
6Miami International Airport $13,685,407
7Port of Wilmington, N.C. $7,340,862
8Port of Southern Louisiana, Gramercy, St. James Parish $4,865,768
9Brownsville International Bridges $4,451,921
10John F. Kennedy International Airport $2,520,879

U.S. trade with Cuba rose to $241.27 million through October

Cuba’s trade with the United States rose to $241.27 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.8 percent below its total trade during the same time period last year. Cuba’s exports decreased 1.14 percent while imports fell 0 percent. The U.S. surplus with Cuba was $239.6 million.

Through October, 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 Virginia; No. 4 Port Everglades, Fla.; and No. 5 Port of Mobile, Ala.. During the same period the previous year, the top five were No. 1 Port of New Orleans No. 2 Port Everglades, Fla. No. 3 Port of Virginia No. 4 Port of Mobile, Ala. and No. 5 Port of Greater Baton Rouge, La.. In the current time period, the top five accounted for 84.78 percent of Cuba’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 5.55 percent to $80.95 million.
    Exports fell 5.55 percent to $80.95 million. There were no imports.
  • Trade with No. 2 Port of Jacksonville, Fla. rose 16274 percent to $43.58 million.
    Exports rose 16274 percent to $43.58 million. There were no imports.
  • Trade with No. 3 Port of Virginia fell 15.73 percent to $31.93 million.
    Exports fell 15.73 percent to $31.93 million. There were no imports.
  • Trade with No. 4 Port Everglades, Fla. fell 46.92 percent to $29.71 million.
    Exports fell 46.92 percent to $29.71 million. There were no imports.
  • Trade with No. 5 Port of Mobile, Ala. fell 40.35 percent to $18.37 million.
    Exports fell 40.35 percent to $18.37 million. There were no imports.

Cuba ranked No. 143 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 133.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Cuba by value through October were the categories of Poultry, fresh, chilled or frozen; Soybeans; Corn; Steam turbines, parts; and Civilian aircraft, parts, respectively. They accounted for 87.01 percent of total exports to Cuba.

The value of the top five categories of U.S. imports from Cuba –– Paintings, drawings and other artwork; and Original sculptures and statues –– accounted for 100 percent of all inbound shipments.

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

  • Poultry, fresh, chilled or frozen fell 5.13 percent compared to last year to $129.75 million.
  • Soybeans fell 15.73 percent compared to last year to $31.93 million.
  • Corn fell 43.3 percent compared to last year to $19.14 million.
  • Steam turbines, parts totaled $15.67 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts rose 327.06 percent compared to last year to $12.72 million.

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

  • Paintings, drawings and other artwork totaled $779,300. The previous year, there were no imports in this category.
  • Original sculptures and statues totaled $53,250. 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.