International Trade in Cuba

International Trade in Cuba

The Cuban economy continues to suffer from the consequences of the collapse of the Soviet bloc in 1991, as well as from the trade boycott imposed by the United States. In addition, despite its isolation, Cuba (already weakened by the passing of the hurricanes) was strongly affected by the... Read more

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Market Analyses About Cuba (5)

Import and Export Services in Cuba (34)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Cuba

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Atlantica Translation Company

    Atlantica Translation Company

    Translation Services, Cuba

    Professional Translation Services English to Russian, Russian to English: — marketing translation — technical...

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Overview About International Trade in Cuba

Main Industry Sectors

The main sector of activity in Cuba is the services sector which represents almost three fourths of the GDP and employs 60% of the active population. The importance of this sector is strongly related to the development of tourism.

Industry represents about a fourth of the GDP and employs 20% of the population. It is concentrated in agricultural products and the production of cement and agricultural machinery. Cuba also has significant mining resources. The export of nickel represents the main source of income into the country. Cuba also has other minerals such as gold and copper and is conducting prospective activities concerning hydrocarbon.

Agriculture represents about 4% of the GDP and employs 20% of the population. Its main productions are sugar and sugar cane (12.5 billion tons of sugar cane are produced every year), they take one third of the cultivated land.  This sector suffered heavily from the hurricanes that hit the island in 2008.

 

Economic Overview

The Cuban economy continues to suffer from the consequences of the collapse of the Soviet bloc in 1991, as well as from the trade boycott imposed by the United States. In addition, despite its isolation, Cub...

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