Trade & investment · Latin America & Caribbean · Upper-middle income
Cuba: trade and investment
Exports is 42.5% (2024), 71st of 184 in the world and 8th of 27 in Latin America & Caribbean. Imports is 82.4% (2024), 19th of 184 in the world and 2nd of 27 in Latin America & Caribbean. Trade openness is 124.9% (2024), 38th of 184 in the world and 3rd of 27 in Latin America & Caribbean.
11 indicators
Trade & investment: Cuba in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ExportsExports of goods and services, % of GDP | 42.5%2024 | 71/184 | 8/27 | 14.1% | 22.6% | 8.2% | +20.4 ppsince 2014 | 26.1% | 25.9% | 29.5% | |
| ImportsImports of goods and services, % of GDP | 82.4%2024 | 19/184 | 2/27 | 16.9% | 17.7% | 7.5% | +65.2 ppsince 2014 | 26.4% | 23.8% | 28.5% | |
| Trade opennessTrade, % of GDP | 124.9%2024 | 38/184 | 3/27 | 31.1% | 40.3% | 15.7% | +85.6 ppsince 2014 | 49.1% | 48.9% | 68.5% | |
| Merchandise exportsMerchandise exports, current US$ | $1.6bn2025 | 150/206 | 23/39 | $1.7bn | $4.9bn | $1.7bn | −52%since 2015 | $1.7tn | $7.7tn | $26.4tn | |
| High-tech exportsHigh-technology exports, % of manufactured exports | 7.9%2022 | 80/170 | 15/32 | · | · | 9.8% | — | 13.1% | 23.2% | 24.7% | |
| Fuel exportsFuel exports, % of merchandise exports | 5.7%2021 | 70/172 | 11/32 | 3.1% | · | 10.3% | +5.7 ppsince 2006 | 8.8% | 5.2% | 9.5% | |
| Food exportsFood exports, % of merchandise exports | 30.7%2022 | 48/172 | 20/32 | 50.0% | · | 34.1% | +20.2 ppsince 2006 | 23.6% | 9.0% | 9.0% | |
| Average tariffApplied tariff rate, weighted mean, all products | 9.2%2022 | 45/184 | 12/35 | 8.4% | 8.9% | 8.8% | +1.0 ppsince 2012 | — | — | — | |
| FDI inflowsForeign direct investment, net inflows, % of GDP | 0.0%2020 | 179/197 | 36/38 | 0.0% | 0.0% | 0.0% | ±0.0 ppsince 2010 | 2.8% | 1.1% | 1.4% | |
| Tourist arrivalsInternational tourist arrivals | 1.1m2020 | 93/196 | 18/41 | 1.8m | 2.5m | 1.1m | −57%since 2010 | 202m | 573m | 2.4bn | |
| Tourism receiptsInternational tourism receipts, current US$ | $1.2bn2020 | 65/177 | 9/36 | $1.9bn | $2.4bn | $1.2bn | −52%since 2010 | $105bn | — | $1.9tn |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
neighbours
Cuba and its neighbours
Countries sharing a land border with Cuba. Latest values since 2005; the highest in each row is marked.
| Indicator | Cuba | United States | United Kingdom |
|---|---|---|---|
| Exports | 42.5%2024 | 11.0%2024 | 30.6%2025 |
| Imports | 82.4%2024 | 14.0%2024 | 31.9%2025 |
| Trade openness | 124.9%2024 | 25.0%2024 | 62.5%2025 |
| Merchandise exports | $1.6bn2025 | $2.2tn2025 | $556bn2025 |
| High-tech exports | 7.9%2022 | 24.3%2024 | 29.2%2024 |
| Fuel exports | 5.7%2021 | 17.3%2025 | 7.2%2025 |
| Food exports | 30.7%2022 | 9.0%2025 | 6.7%2025 |
| Average tariff | 9.2%2022 | 1.5%2022 | 1.0%2022 |
| FDI inflows | 0.0%2020 | 1.0%2025 | 0.9%2025 |