U.S. Ag/Food Exports To Cuba Collapse 61.8% In October 2019; Remain Up 21.2% Year-To-Year

ECONOMIC EYE ON CUBA©

December 2019

October 2019 Food/Ag Exports To Cuba Decrease 61.8%- 1

111th In October 2019 Of 222 U.S. Food/Ag Export Markets- 2

Year-To-Year Exports Increase 21.2%; Cuba Ranks 58th- 2

October 2019 Healthcare Product Exports US$0.00- 2

October 2019 Humanitarian Donations US$338,917.00- 3

 RIMCO (Caterpillar Distributor) Exports Railway Fixtures- 3

Obama Administration Initiatives Exports Continue To Increase- 3

U.S. Port Export Data- 16

OCTOBER 2019 FOOD/AG EXPORTS TO CUBA DECREASE 61.8%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba in October 2019 were US$3,704,369.00 compared to US$9,698,149.00 in October 2018 and US$21,436,667.00 in October 2017.

United States exports from January 2019 through October 2019 were US$250,322,837.00 compared to US$206,438,247.00 from January 2018 through October 2018, representing an increase of 21.2%.

The exports from the United States to the Republic of Cuba are products within the Trade Sanctions Reform and Export Enhancement Act (TSREEA) of 2000, Cuban Democracy Act (CDA) of 1992, and regulations implemented (1992 to present) for other products by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury and Bureau of Industry and Security (BIS) of the United States Department of Commerce.

The TSREEA re-authorized the direct commercial (on a cash basis) export of food products (including branded food products) and agricultural commodities from the United States to the Republic of Cuba, irrespective of purpose. The TSREEA does not include healthcare products, which remain authorized and regulated by the CDA.

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