U.S. Ag/Food Exports To Cuba Decrease 52% In August; Decline 49.4% Year-To-Year
/ECONOMIC EYE ON CUBA©
October 2020
August 2020 Food/Ag Exports To Cuba Decrease 52%- 1
58th Of 224 August U.S. Food/Ag Export Markets- 2
Year-To-Year Exports Decrease 49.4%- 2
Cuba Ranks 59th Of 224 Ag/Food Export Markets- 2
August 2020 Healthcare Product Exports US$204,486.00- 2
August 2020 Humanitarian Donations US$352,821.00- 3
Obama Administration Initiatives Exports Continue- 3
U.S. Port Export Data- 16
AUGUST 2020 FOOD/AG EXPORTS TO CUBA DECREASE 52%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba in August 2020 were US$15,099,435.00 compared to US$31,724,133.00 in August 2019 and US$15,322,008.00 in August 2018.
Agricultural commodity and food product exports from the United States to the Republic of Cuba thus far in 2020 are US$110,144,983.00 compared to US$217,838,615.00 in 2019, representing a decrease of 49.4%.
Since December 2001, agricultural commodity and food product exports from the United States to the Republic of Cuba is US$6,243,017,679.00.
This report contains information on exports from the United States to the Republic of Cuba- 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.
