Top Cuba Trading Partners

Top US Trading Partners

Cuba’s trade rose to $164,898,229 through March

Cuba’s trade with the United States rose to $164,898,229 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 77.36 percent above its total trade during the same time period last year. Cuba’s exports increased 77.28 percent while imports dropped 0.00 percent. The U.S. surplus with Cuba was $164,739,839.

Through March, Cuba’s top U.S. Customs districts for total imports and exports were No. 1 New Orleans, No. 2 Miami, No. 3 Jacksonville/Tampa, No. 4 Norfolk and No. 5 Mobile compared to last year when the top spots were held by No. 1 New Orleans, No. 2 Norfolk, No. 3 Miami, No. 4 Houston and No. 5 Mobile. In the current time period, the top five accounted for 0.11 percent of Cuba’s U.S. trade.. That compares to -43.55 percent for the nation’s top five Customs districts during the same time period.

Taking a closer look at the leading U.S. gateways for U.S. trade with Cuba,:

• Trade with No. 1 New Orleans rose 96.13 percent to $85,799,736.
  Exports rose 96.13 percent to $85,799,736. Imports fell to $0.
• Trade with No. 2 Miami rose 61.83 percent to $25,269,337.
  Exports rose 61.83 percent to $25,269,337. Imports fell to $0.
• Trade with No. 3 Jacksonville/tampa rose 672,376.22 percent to $20,221,360.
  Exports rose 672,376.22 percent to $20,221,360. Imports fell to $0.
• Trade with No. 4 Norfolk fell -15.72 percent to $19,975,493.
  Exports fell -15.72 percent to $19,975,493. Imports fell to $0.
• Trade with No. 5 Mobile rose 336.23 percent to $13,445,358.
  Exports rose 336.23 percent to $13,445,358. Imports fell to $0.

Through March, 6 Customs districts posted trade surpluses with Cuba while 1 had deficits. That compares with 7 surpluses and deficits for the same period one year ago. The top surplus was with New Orleans at $85,799,736, the largest deficit was with Detroit at $-79,195.

Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.

The top five U.S. exports to Cuba by value through March were corn; poultry, fresh, chilled or frozen; soybeans, whether broken or not; sugar and starch residues; and pork meat, fresh, frozen or chilled, respectively. They accounted for 89.98 percent of total exports to Cuba.

The value of the top five U.S. imports from Cuba -- paintings, drawings and other artwork; ; ; ; and -- accounted for 100.00 percent of all inbound shipments.

Looking more closely at U.S. exports to Cuba:

• Corn rose 102.53 percent compared to last year to $72,202,743.
• Poultry, fresh, chilled or frozen rose 391.49 percent compared to last year to $46,715,244.
• Soybeans, whether broken or not rose 0.63 percent compared to last year to $19,975,493.
• Sugar and starch residues fell -2.24 percent compared to last year to $5,291,984.
• Pork meat, fresh, frozen or chilled rose 63.82 percent compared to last year to $4,125,991.

Looking more closely at U.S. imports from Cuba

• Paintings, drawings and other artwork rose compared to last year to $79,195.
• fell compared to last year to $0.
• fell compared to last year to $0.
• fell compared to last year to $0.
• fell compared to last year to $0.

In the latest annual figures available, Cuba recorded $92,971,822 in trade with the United States. At year’s end, its top five Customs districts were New Orleans, Miami, Norfolk, Mobile and Jacksonville/Tampa. Total U.S. exports to Cuba were $352,018,018 and imports from Cuba were $5,625. The U.S. surplus with Cuba was $352,012,393.