Top Export Trading Partners of Cuba - Volza

Cuba's primary export trading partners in 2023 are China (30% of exports, $700 million), Spain (20%, $466 million), Canada (15%, $350 million), the Netherlands (10%, $233 million), and Russia (8%, $187 million).

Key exports include tobacco to China, nickel to Spain, pharmaceuticals to Canada, seafood to the Netherlands, and sugar to Russia. Trade agreements such as the Cuba-China Bilateral Trade Agreement and the Economic Partnership Agreement (EPA) with the European Union facilitate these exports through reduced trade barriers and improved trade terms.

Economically, Cuba showed a GDP growth of 2.1% and maintained an inflation rate of 5.5% in 2023, impacting export competitiveness. Strategic incentives, including government support for key industries like pharmaceuticals and mining, and logistical advantages, such as its strategic location in the Caribbean, promote a robust trade relationship, making Cuba a crucial export market for these partners. The country's focus on quality exports and diversification significantly influences its export landscape.