US trade with Cuba in the 1st quarter of 2017

Published or Updated: Jul 24, 2017

The report on US foreign trade in goods with Cuba in the 1st quarter of 2017: exports, imports, balance, product types and groups, dynamics.

US Trade with Cuba

In the 1st quarter of 2017, US trade with Cuba totaled $64.7 million, up 22.33% ($11.8 million) from the 1st quarter of 2016.

US exports to Cuba in the 1st quarter of 2017 totaled $64.7 million, up 22.33% ($11.8 million) from the 1st quarter of 2016.

US imports from Cuba in the 1st quarter of 2017 were $0.0 million, unchanged from the 1st quarter of 2016.

US trade surplus with Cuba in the 1st quarter of 2017 was $64.7 million, a 22.33% increase ($11.8 million) over the 1st quarter of 2016.

Cuba was the US 134th largest trading partner in the 1st quarter of 2017 (down from 131st in the 1st quarter of 2016), accounting for 0.0069% of US total trade (up from 0.0060% in the 1st quarter of 2016).

Cuba was the US 112th largest export market in the 1st quarter of 2017 (up from 114th in the 1st quarter of 2016), accounting for 0.0174% of US total exports (up from 0.0152% in the 1st quarter of 2016).

There were no US imports from Cuba both in the 1st quarter of 2017 and in the 1st quarter of 2016.

US Exports to Cuba

The major share of US exports to Cuba in the 1st quarter of 2017 (and in the 1st quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 88.53% of US total exports to Cuba (89.91% in the 1st quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 7.13% of US total exports to Cuba (2.14% in the 1st quarter of 2016);
  • Chemical products (HS codes 28-40) - 2.45% of US total exports to Cuba (6.50% in the 1st quarter of 2016).

The largest gains in US exports to Cuba in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Meat and edible meat offal (HS code 02) - an increase of $14.3 million;
  • Cereals (HS code 10) - an increase of $10.3 million;
  • Aircraft, spacecraft, and parts thereof (HS code 88) - an increase of $2.8 million;
  • Pharmaceutical products (HS code 30) - an increase of $1.6 million;
  • Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $1.6 million;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $1.0 million;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $0.7 million;
  • Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - an increase of $0.6 million;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $0.4 million.

The largest declines in US exports to Cuba in the 1st quarter of 2017 over the 1st quarter of 2016 were recorded for the following product groups:

  • Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $17.7 million;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $2.9 million;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $0.8 million;
  • Miscellaneous chemical products (HS code 38) - a decrease of $0.4 million.
US exports to Cuba in the 1st quarter of 2017 by product groups
HS
code
Name of product group Value
of exports
in Q1 2017
(USD thousand)
Share
in total export
(%)
Value
of exports
in Q1 2016
(USD thousand)
Change
in Q1 2017
over Q1 2016
(%)
02 Meat and edible meat offal 31,929.1 49.32 17,602.881.39
04 Dairy produce; birds eggs; natural honey; edible products of animal origin, not elsewhere specified or included 8.1 0.01 0.0
08 Edible fruit and nuts; peel of citrus fruit or melons 4.4 0.01 0.0
10 Cereals 14,714.0 22.73 4,462.4229.73
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 8,493.5 13.12 6,922.322.70
18 Cocoa and cocoa preparations 940.8 1.45 267.1252.18
19 Preparations of cereals, flour, starch or milk; bakers’ wares 988.5 1.53 403.6144.94
21 Miscellaneous edible preparations 0.0 0.00 129.6-100.00
22 Beverages, spirits and vinegar 174.4 0.27 0.0
23 Residues and waste from the food industries; prepared animal feed 60.8 0.09 17,797.4-99.66
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0.0 0.00 20.5-100.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0.0 0.00 2,910.4-100.00
30 Pharmaceutical products 1,588.4 2.45 0.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.0 0.00 2.6-100.00
38 Miscellaneous chemical products 0.0 0.00 428.8-100.00
39 Plastics and articles thereof 0.0 0.00 65.7-100.00
40 Rubber and articles thereof 0.0 0.00 32.5-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 16.5 0.03 0.0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.00 40.7-100.00
57 Carpets and other textile floor coverings 0.0 0.00 3.7-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0.0 0.00 11.0-100.00
73 Articles of iron or steel 15.8 0.02 0.0
76 Aluminum and articles thereof 60.8 0.09 0.0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 2.8 0.00 0.0
83 Miscellaneous articles of base metal 4.3 0.01 4.30.42
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 435.8 0.67 20.02,074.09
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 261.1 0.40 1,090.0-76.05
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 37.8 0.06 0.0
88 Aircraft, spacecraft, and parts thereof 2,841.8 4.39 0.0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 1,041.6 1.61 20.15,071.97
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 23.2 0.04 0.0

US Imports from Cuba

There were no US imports from Cuba in the 1st quarter of 2017 as well as in the 1st quarter of 2016.

Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce