US Food/Ag Exports Increase 47% For Month; Up 17% For Year- 1st Year-To-Year Increase Since 2011/2012
/ECONOMIC EYE ON CUBA©
November 2016
American Airlines Continues To Import Equipment- 1
September Food/Ag Exports Increased 47%- 1
16% Increase For First Nine Months Of 2016- 2
First Yearly Increase Expected Since 2011/2012- 2
Healthcare Product Exports- 2
Humanitarian Donations- 2
Obama Administration Initiatives Product Exports- 3
U.S. Port Export Data- 13
SEPTEMBER FOOD/AG EXPORTS INCREASED 47%- Exports of food products & agricultural commodities from the United States to the Republic of Cuba in September 2016 were US$32,349,488.00 compared to US$22,020,796.00 in September 2015 and US$15,469,734.00 in September 2014.
Total exports under provisions of the Trade Sanctions Reform and Export Enhancement Act (TSREEA) in 2016: US$169,482,206.00 and in 2015: US$170,551,329.00
NOTE: An outbreak of Avian Flu had restricted United States poultry exports to the Republic of Cuba in 2015. In June 2015, July 2015, and September 2015, Republic of Cuba government-operated Empresa Cubana Importadora Alimentos (Alimport), under the auspice of the Ministry of Foreign Trade of Cuba (MINCEX), used a credit facility to purchase frozen poultry from Brazil. Poultry prices were high in 2014, low in 2015 and are expected to remain low throughout 2016. Alimport is expected to purchase between 8,400 metric tons and 12,000 metric tons of frozen poultry per month from United States-based companies in 2016.
