Top Import Trading Partners of Cuba - Volza

Cuba's primary import trading partners in 2023 include China (25% of imports, $1.25 billion), Spain (20%, $1 billion), Russia (15%, $750 million), Brazil (10%, $500 million), and Mexico (8%, $400 million).

Key imports from these countries include machinery, electronics, foodstuffs, chemicals, and fuels. Trade agreements such as the Cuba-China Bilateral Trade Agreement and regional agreements within the ALBA-TCP (Bolivarian Alliance for the Peoples of Our America) facilitate smoother trade flows.

Cuba's economic indicators include a GDP growth rate of 2.1% and an inflation rate of 5.5%, impacting its import dynamics and trade policies. Strategic tariffs, government incentives for key sectors, and logistical advantages, including modern port facilities, support a balanced trade relationship, making Cuba a vital import market for these partners. The country’s focus on diversifying import sources and improving infrastructure significantly influences its import landscape.