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Cuba

Cuba ranked No. 125 in total trade value through February with a total of $63.21 million. Exports totaled $62.7 million and Imports totaled $503,387, a surplus of $62.2 million.

January – February 2019

Top Trading Ports

Total Trade: $63.21 million

RankPortTotal YTD
1Port of New Orleans $20,172,377
2Port of Jacksonville, Fla. $12,393,315
3Port of Greater Baton Rouge, La. $8,644,046
4Port of Virginia $6,356,387
5Port of Mobile, Ala. $5,840,650
6Port of Wilmington, N.C. $4,062,628
7John F. Kennedy International Airport $2,634,003
8Port Everglades, Fla. $2,594,982
9Port of Long Beach $219,714
10Port Miami $86,023

U.S. trade with Cuba rose to $63.21 million through February

Cuba’s trade with the United States rose to $63.21 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.04 percent above its total trade during the same time period last year. Cuba’s exports increased 4.2 percent while imports fell 0 percent. The U.S. surplus with Cuba was $62.2 million.

Through February, 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 Greater Baton Rouge, La.; No. 4 Port of Virginia; 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 Miami International Airport No. 3 Port of Jacksonville, Fla. No. 4 Port Everglades, Fla. and No. 5 Port of Virginia. In the current time period, the top five accounted for 84.5 percent of Cuba’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New Orleans fell 15.33 percent to $20.17 million.
    Exports fell 15.33 percent to $20.17 million. There were no imports.
  • Trade with No. 2 Port of Jacksonville, Fla. rose 36.39 percent to $12.39 million.
    Exports rose 36.39 percent to $12.39 million. There were no imports.
  • Trade with No. 3 Port of Greater Baton Rouge, La. totaled $8.64 million.
    Exports totaled $8.64 million. There were no imports.
  • Trade with No. 4 Port of Virginia rose 44.76 percent to $6.36 million.
    Exports rose 44.76 percent to $6.36 million. There were no imports.
  • Trade with No. 5 Port of Mobile, Ala. rose 104.55 percent to $5.84 million.
    Exports rose 104.55 percent to $5.84 million. There were no imports.

Cuba ranked No. 125 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 128.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Cuba by value through February were the categories of Poultry, fresh, chilled or frozen; Soybean oilcake, other solid residue, not ground; Steam turbines, parts; Soybeans; and Corn, respectively. They accounted for 88.1 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; and Original engravings, prints, lithographs –– accounted for 100 percent of all inbound shipments.

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

  • Poultry, fresh, chilled or frozen rose 4.12 percent compared to last year to $28.69 million.
  • Soybean oilcake, other solid residue, not ground totaled $8.64 million. The previous year, there were no exports in this category.
  • Steam turbines, parts totaled $6.68 million. The previous year, there were no exports in this category.
  • Soybeans rose 44.76 percent compared to last year to $6.36 million.
  • Corn fell 48.16 percent compared to last year to $4.87 million.

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

  • Paintings, drawings and other artwork totaled $368,507. The previous year, there were no imports in this category.
  • Original sculptures and statues totaled $116,880. The previous year, there were no imports in this category.
  • Original engravings, prints, lithographs totaled $18,000. 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.