U.S. Ag/Food Exports To Cuba Decrease 45.2% In February 2020; A 44.5% Year-To-Year
/ECONOMIC EYE ON CUBA©
April 2020
February 2020 Food/Ag Exports To Cuba Decrease 45.2%- 1
61st In February 2020 Of 212 U.S. Food/Ag Export Markets- 2
Cuba Ranks 59th Of 212 Ag/Food Export Markets- 2
February 2020 Healthcare Product Exports US$189,397.00- 2
February 2020 Humanitarian Donations US$389,429.00- 3
Obama Administration Initiatives Exports Continue To Increase- 3
US$1.5 Million In Tractors Exported To Cuba- 3
U.S. Port Export Data- 16
FEBRUARY 2020 FOOD/AG EXPORTS TO CUBA DECREASE 45.2%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba in February 2020 were US$14,809,161.00 compared to US$27,048,523.00 in February 2019 and US$26,122,933.00 in February 2018.
Total 2020 exports to the Republic of Cuba are US$28,230,821.00 compared to same period in 2019 total exports of US$50,933,209.00 representing a decrease of 44.5%.
Thus far for 2020, the Republic of Cuba ranks 59th of 212 agricultural commodity and food product export markets for the United States.
The 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.
