98.3% Increase In U.S. Exports To Cuba; Private Sector Accounting For Dynamic Purchases- US$6 Million In Vehicles; Machine Parts. Cuba Continues To Prohibit Foreign Investment/Financing In PYMEs
/ECONOMIC EYE ON CUBA©
May 2024
March 2024 Ag/Food Exports To Cuba Increase 98.3% - 1
49th Of 215 March 2024 U.S. Food/Ag Export Markets- 2
Year-To-Year Exports Increase 45.8% - 2
Cuba Ranked 49th Of 215 U.S. Ag/Food Export Markets - 2
March 2024 Healthcare Product Exports US$0.00 - 2
March 2024 Humanitarian Donations US$6,023,284.00 - 3
Obama Administration Initiatives Exports Continue To Increase - 3
U.S. Port Export Data- 19
MARCH 2024 FOOD/AG EXPORTS TO CUBA INCREASE 98.3% - Exports of food products and agricultural commodities from the United States to the Republic of Cuba in March 2024 were US$40,624,058.00 compared to US$20,475,934.00 in March 2023 and US$25,929,536.00 in March 2022.
Other exports in March 2024 included: Yogurt, Eggs, Apples, Spices, White Wheat, Rice, Corn, Olive Oil, Palm Oil, Herring, Beet Sugar, Artificial Honey, Cookies, Beer, Salt, Shampoo, Toothpaste, Soap, Tires, Paper Pulp, Razors, Vacuum Pumps, Machinery, and Vehicles (US$6,276,798.00).
Mach For Preparation Of Fruits, Nuts Or Vegetables US$22,897
Parts Of Mach & Equip F Make Print Blocks, Etc US$41,806
Mixing Or Kneading Mach, Nesoi, For Mineral Substn US$32,304
Crush,grind,screen,sift,emulsfyg,etc Mach, US$74,160
Machines And Mechanical Appliances, US$38,384
DC Generators, Not Exceeding 750 W, US$26,216
Electric Generating Sets Except Gas Turbines US$64,200
Electric Domestic Appliance Parts, Nesoi US$258,866
Electric Cooking Stoves, Ranges & Ovens, Domestic US$3,594
Elec Cooking Plates, Boil Rings, Grillers, roasters US$18,666
Radar Designed For Boat Or Ship Installation US$49,631
TV Recep App,color,inc Video Rcrdng/reprod App US$18,900
Relays Lt=60 V, & Contacts Lt 10 A, Nesoi US$14,126
Boards Etc 2 Ap Fr 8535&6 El Ctl/dst Lt1000v Nesoi US$3,995
Containers For One Or More Modes Of Transport US$290,350
Public-trnsprt Typ Pasgnr Veh, Only Electric Motor US$37,000
Pass Mtr Veh, Only Spark Ign Eng, Not Ov 1,000 cc US$11,920
Used Vehicles, Only Sk Ig (1500-3000 cc), Nesoi US$5,212,214, US$200,327
Pass Mtr Veh, Only Spark Ign, Gt 3000 cc, Used US$205,532, US$17,000
Passenger Motor Vehicles Only Electrc Motor, Nesoi US$21,400
Truck, Diesel Eng, Gvw (5 - 9 Metric Tons) US$15,000
Mot Veh For Trnsprt Of Goods, Gvw < 2.5 Met Tons US$88,280
Mot Veh For Trnsprt Of Goods, (2.5-5) Metric Tons US$32,000
Mot Veh For Trnsprt Of Goods, (5-9) Metric Tons US$23,100
Trucks Gvw Lt=5 Tons W/ Diesel Eng And Elec Motor US$37,500
Trucks Gvw Gt 20 Tons W/ Diesel Eng And Elec Motor US$123,300
Trucks/vehicles For The Transport Of Goods, Nesoi US$37,087
Special Purpose Vehicles, Nesoi US$118,671
Brakes And Servo-brakes,parts, Of 8701,8705 US$3,066
Non-driving Axles And Parts For Tractors US$2,620
Road Wheels And Prts For Veh Nesoi,of 8701,8705 US$17,960
Works Trucks, Exc Elec, Operator Ride,w/o Lift Eqp US$12,500
Trailers And Semi-trailers, US$10,000
The data 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.
The data represents the U.S. Dollar value of product exported from the United States to the Republic of Cuba under the TSREEA and CDA. The data does not include transportation charges, bank charges, or other costs associated with exports; the government of the Republic of Cuba reports unverifiable data that includes transportation charges, bank charges, and other costs.
January 2024 through March 2024 TSREEA exports were US$112,997,719.00 compared to January 2023 through March 2023 TSREEA exports of US$77,462,731.00.
Total TSREEA exports since first deliveries in December 2001 exceed US$7,359,331,112.00
LINK TO COMPLETE LIST OF PRODUCTS IN 2023 EXPORTED FROM THE UNITED STATES TO CUBA
LINKS TO RELATED ANALYSES
