The most valuable Cuban exports include cobalt, gold and nickel. Natural honey also appears among Cuba’s highest value exports.
The following list shows on which product categories Cuban exporters generated the most revenue. Unlike most information currently available on the web, the items below are detailed at the 4-digit tariff code level. This can help entrepreneurs identify more precisely which products for which Cuba enjoys strong demand and competitive advantages compared with other nations. Innovation can transform these insights into lucrative business opportunities.
Cuba ranks way down the list of the world’s major exporting countries, coming in around 120th place.
Most Valuable Cuban Export Products
Below are the 20 most valuable export products delivered from Cuban exporters in 2015. Shown within brackets is the 4-digit harmonized tariff system code for each item.
- Unused stamps (current or new issue): US$970.7 million (up from nil in 2011)
- Sugar (cane or beet): $418.9 million (down -7.6%)
- Cigars/cigarellos, cigarettes: $227.4 million (down -17.4%)
- Processed petroleum oils: $159 million (down -50.3%)
- Alcohol (including spirits, liqueurs): $101.2 million (down -25.8%)
- Nickel matte, oxide sinters: $89.7 million (down -84 %)
- Nickel (unwrought): $84.6 million (down -51.8%)
- Crustaceans (including lobsters): $61.1 million (down -8.3%)
- Dried organs, heparin: $46.7 million (down -17.9%)
- Wood charcoal: $43.8 million (up 170 %)
- Iron or non-alloy steel products (semi-finished): $37.9 million (down -43.7%)
- Blood fractions (including antisera): $30.6 million (down -51.8%)
- Copper waste, scrap: $26.6 million (up 17 %)
- Natural honey: $20.5 million (up 24.7%)
- Ethyl alcohol: $12.3 million (down -0.2%)
- Aluminum waste, scrap: $12.3 million (down -29 %)
- Other diagnostic/lab reagents: $8.9 million (down -28.5%)
- Medication mixes in dosage: $8.1 million (down -97.2%)
- Cobalt: $6.5 million (up 131.4%)
- Gold (unwrought): $6.4 million (down -41.1%)
Among these product categories, unused stamps posted the greatest increase in Cuban export sales.
In second place were exported wood charcoal which grew 170% over the same 5-year period.
Cuban exports of cobalt also showed a respectable gain in 2015 up 131.4% from 2011, followed by export sales of natural honey up 24.7%.
See also Cuba’s Top 10 Exports, Russia’s Top Import Partners and Sugar Exports by Country
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on November 14, 2016
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed on November 14, 2016
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on November 14, 2016