Initiatives
On July 20, 2015, Cuba and the United States reopened their respective embassies and reestablished diplomatic relations. However, the U.S. trade embargo with Cuba remains in place and most transactions between the United States and Cuba continue to be prohibited.
Since 2000, certain U.S. exports of agricultural goods and medical devices have been permitted. Other items authorized for export more recently include certain building materials for private residential construction, goods and services for use by private sector Cuban entrepreneurs, and agricultural equipment for small farmers.
Regarding imports from Cuba, importation of certain goods and services produced by independent Cuban entrepreneurs is allowed. More information on permitted imports is available here.
U.S.-Cuba Trade Facts
Cuba is currently our 141th largest goods trading partner with $247 million in total (two way) goods trade during 2016. Goods exports totaled $247 million. The U.S. goods trade surplus with Cuba was $247 million in 2016.
Data on U.S. FDI in Cuba are unavailable. No data on Cuba's FDI in the U.S. are available.
Exports
- Cuba was the United States' 127th largest goods export market in 2015.
- U.S. goods exports to Cuba in 2015 were $180 million, down 40% ($119 million) from 2014 and down 51% from 2005.
- The top export categories (2-digit HS) in 2015 were: meat ($78 million), food waste, animal feed ($44 million), miscellaneous grain, seeds, fruit ($22 million), miscellaneous chemical products ($13 million), and inorganic chemicals ($9 million).
- U.S. exports of agricultural products to Cuba totaled $150 million in 2015. Leading categories include: poultry ($78 million), soybean meal ($55 million), soybeans ($10 million), corn ($5 million), and dairy products ($412 thousand).
Imports
- There were no goods imported from Cuba in 2015.
Trade Balance
- The U.S. goods trade surplus with Cuba was $180 million in 2015, a 39.7% decrease ($119 million) over 2014.
Investment
- Data on U.S. FDI in Cuba are unavailable.
- No data on Cuba's FDI in the U.S. are available.
Further Information
Further information on commerce, travel, and more is available at the following links:
Office of Foreign Assets Control Sanctions Page
