U.S. Exports To Cuba Decline 25.3% In May 2020; Decrease 44.3% Year-To-Year
/ECONOMIC EYE ON CUBA©
July 2020
May 2020 Food/Ag Exports To Cuba Decrease 25.3%- 1
52nd In May 2020 Of 223 U.S. Food/Ag Export Markets- 2
Year-To-Year Exports Decrease 44.3%- 2
Cuba Ranks 60th Of 223 Ag/Food Export Markets- 2
May 2020 Healthcare Product Exports US$0.00- 2
May 2020 Humanitarian Donations US$98,433.00- 3
Obama Administration Initiatives Exports Continue To Increase- 3
U.S. Port Export Data- 16
MAY 2020 FOOD/AG EXPORTS TO CUBA DECREASE 25.3%- Exports of food products and agricultural commodities from the United States to the Republic of Cuba in May 2020 were US$20,650,953.00 compared to US$27,657,054.00 in May 2019 and US$29,169,203.00 in May 2018.
Exports in May 2020 include chicken legs, chicken leg quarters, chicken meat, soybeans, calcium phosphate, woodpulp, and kraftliner.
Total 2020 exports to the Republic of Cuba are US$75,728,924.00 compared to the same period in 2019 of US$136,122,190.00 representing a decrease of 44.3%.
Thus far for 2020, the Republic of Cuba ranks 60th of 223 agricultural commodity and food product export markets for the United States.
TSREEA exports reported since December 2001 are US$6,209,601,620.00
The report contains information on exports from the United States to the Republic of Cuba- products within the Trade Sanctions Reform and Export Enhancement Act (TSREEA) of 2000, Cuban Democracy Act (CDA) of 1992, and regulations implemented (1992 to present) for other products by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury and Bureau of Industry and Security (BIS) of the United States Department of Commerce.
The TSREEA re-authorized the direct commercial (on a cash basis) export of food products (including branded food products) and agricultural commodities from the United States to the Republic of Cuba, irrespective of purpose. The TSREEA does not include healthcare products, which remain authorized and regulated by the CDA.
The data represents the U.S. Dollar value of product exported from the United States to the Republic of Cuba under the TSREEA. The data does not include transportation charges, bank charges, or other costs associated with exports; the government of the Republic of Cuba reports unverifiable data that includes transportation charges, bank charges, and other costs.
