US trade with Cuba in the 2nd quarter of 2017
The report on US foreign trade in goods with Cuba in the 2nd quarter of 2017: exports, imports, balance, product types and groups, dynamics.
US Trade with Cuba
In the 2nd quarter of 2017, US trade with Cuba totaled $78.5 million, up 53.09% ($27.2 million) from the 2nd quarter of 2016.
US exports to Cuba in the 2nd quarter of 2017 totaled $78.5 million, up 53.09% ($27.2 million) from the 2nd quarter of 2016.
US imports from Cuba in the 2nd quarter of 2017 were $0.0 million, unchanged from the 2nd quarter of 2016.
US trade surplus with Cuba in the 2nd quarter of 2017 was $78.5 million, a 53.09% increase ($27.2 million) over the 2nd quarter of 2016.
Cuba was the US 128th largest trading partner in the 2nd quarter of 2017 (up from 138th in the 2nd quarter of 2016), accounting for 0.0080% of US total trade (up from 0.0055% in the 2nd quarter of 2016).
Cuba was the US 114th largest export market in the 2nd quarter of 2017 (up from 121st in the 2nd quarter of 2016), accounting for 0.0204% of US total exports (up from 0.0141% in the 2nd quarter of 2016).
There were no US imports from Cuba both in the 2nd quarter of 2017 and in the 2nd quarter of 2016.
US Exports to Cuba
The major share of US exports to Cuba in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 91.37% of US total exports to Cuba (89.58% in the 2nd quarter of 2016);
- Chemical products (HS codes 28-40) - 3.05% of US total exports to Cuba (5.72% in the 2nd quarter of 2016);
- Machinery, equipment and vehicles (HS codes 84-90) - 2.61% of US total exports to Cuba (2.66% in the 2nd quarter of 2016).
The largest gains in US exports to Cuba in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:
- Meat and edible meat offal (HS code 02) - an increase of $10.5 million;
- Cereals (HS code 10) - an increase of $8.4 million;
- Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder (HS code 12) - an increase of $6.6 million;
- Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $1.1 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) - an increase of $0.4 million;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $0.3 million.
The largest declines in US exports to Cuba in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:
- 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 $0.5 million;
- Cocoa and cocoa preparations (HS code 18) - a decrease of $0.5 million;
- Preparations of cereals, flour, starch or milk; bakers’ wares (HS code 19) - a decrease of $0.4 million.
| HS code |
Name of product group | Value of exports in Q2 2017 (USD thousand) |
Share in total export (%) |
Value of exports in Q2 2016 (USD thousand) |
Change in Q2 2017 over Q2 2016 (%) |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 35,467.3 | 45.17 | 24,927.6 | 42.28 |
| 10 | Cereals | 14,709.6 | 18.73 | 6,316.9 | 132.86 |
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 10,214.5 | 13.01 | 3,633.0 | 181.16 |
| 18 | Cocoa and cocoa preparations | 480.6 | 0.61 | 957.8 | -49.82 |
| 19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 653.2 | 0.83 | 1,087.3 | -39.93 |
| 22 | Beverages, spirits and vinegar | 210.6 | 0.27 | 164.6 | 27.91 |
| 23 | Residues and waste from the food industries; prepared animal feed | 10,000.8 | 12.74 | 8,854.4 | 12.95 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 2,391.4 | 3.05 | 2,915.0 | -17.96 |
| 30 | Pharmaceutical products | 0.0 | 0.00 | 13.6 | -100.00 |
| 36 | Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations | 0.0 | 0.00 | 2.7 | -100.00 |
| 39 | Plastics and articles thereof | 2.7 | 0.00 | 0.0 | ∞ |
| 44 | Wood and articles of wood; wood charcoal | 222.2 | 0.28 | 0.0 | ∞ |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 34.1 | 0.04 | 76.8 | -55.59 |
| 66 | Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof | 4.5 | 0.01 | 0.0 | ∞ |
| 76 | Aluminum and articles thereof | 5.2 | 0.01 | 0.0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 3.0 | 0.00 | 0.0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 124.4 | 0.16 | 323.2 | -61.53 |
| 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 | 429.5 | 0.55 | 0.0 | ∞ |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 29.1 | 0.04 | 0.0 | ∞ |
| 88 | Aircraft, spacecraft, and parts thereof | 137.7 | 0.18 | 0.0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,330.6 | 1.69 | 1,038.8 | 28.10 |
| 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 | 211.7 | 0.27 | 241.5 | -12.33 |
US Imports from Cuba
There were no US imports from Cuba in the 2nd quarter of 2017 as well as in the 2nd quarter of 2016.