• Cuba

    Cuba

  • Development Challenges
    Despite the government announces to advance towards market socialism, Cuba remains a planned economy that has shown a modest growth in recent years. The country, with an economy based on tourism and the nickel sector, imports most of its food products, which the government distributes through rationing policies. Cuba is investing in human development capacities and the health sector. Its population benefit from low housing and transportation costs, free education, universal health care, and food. The pharmaceutical and biotechnology industries are emerging as prominent sectors. Besides these advances, this island still faces development challenges including:
    • Poverty and inequality
    • Vulnerability to natural disasters
    • Unemployment
    • Good governance
    • Informal economy 
    • Low productivity 
    • Overreliance on imports

    Key Trade Issues

    • Attract foreign investment
    • Further regional and international integration
    • Diversify and liberalise progressively the economy
    • Review export strategies
    • Havana Club Cuban rum trademark dispute
    • Key player to conclude Doha Round due to its unique position within WTO

     Government Priorities

    • Reduce the public service and promote self-employment
    • Regional and international integration within Rio Group, ALBA, ASEC and CARIFORUM
    • Continue the “missions” of Cuban doctors in other countries as aid, as well as to obtain favourable economic terms of trade
    • Create incentives to promote farming
    • Progressive convergence towards unification of its two currencies (CUC and CUP)
    • Upgrade public transportation systems and infrastructure 
       

     

Trade and Tariff Graphs

Graphs of the country’s export markets, its export performance in a key sector and tariffs exporters of a sample product face.
Trademap sample Trademap sample: The map uses color codes to illustrate the relative size of different markets in the overall exports of the country shown in pink.
Trademap sample Trademap sample: The vertical axis shows import values by key importing countries, while the horizontal axis shows export values by the country for the same sector. I.e. the country has gained market share in the case of an importing country at the bottom right of chart and lost market share for countries top left. The size of circles is proportional to market size.
Market access map sample Market access map sample: The world map shows trade values and tariff levels for a key export product by importing countries. Color codes indicate protection levels. Red circles denote trade volumes.

Trade and Investment Data

Detailed data on the country’s export performance, key imports and foreign investment, grouped by product and service categories (HS and BOP).

Trade Information Sources

A listing of country specific print and online publications on trade related topics. Includes information from both ITC and external sources.

Trade Contacts

The most important trade contacts, including importers’ and exporters’ associations, trade support institutions, trade promotion organizations and institutions providing business development assistance.