U.S. Ag/Food Exports To Cuba Decrease 48.9% In 2020 Compared To 2019; July 2020 Down 58.9%
/ECONOMIC EYE ON CUBA©
September 2020
July 2020 Food/Ag Exports To Cuba Decrease 58.9%- 1
60th In July 2020 Of 223 U.S. Food/Ag Export Markets- 2
Year-To-Year Exports Decrease 48.9%- 2
Cuba Ranks 60th Of 223 Ag/Food Export Markets- 2
July 2020 Healthcare Product Exports US$0.00- 2
July 2020 Humanitarian Donations US$1,397,125.00- 3
Obama Administration Initiatives Exports Continue- 3
U.S. Port Export Data- 16
JULY 2020 FOOD/AG EXPORTS TO CUBA DECREASE 58.9%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba in July 2020 were US$12,809,286.00 compared to US$31,176,621.00 in July 2019 and US$15,569,938.00 in July 2018.
Agricultural commodity and food product exports from the United States to the Republic of Cuba thus far in 2020 are US$95,045,548.00 compared to US$186,114,476.00 in 2019, representing a decrease of 48.9%.
Since December 2001, agricultural commodity and food product exports from the United States to the Republic of Cuba is US$6,227,918,244.00.
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.
