Cuba: Exports of goods and services (constant 2015 US$)

Key figures

What the numbers say

In 2024, Cuba's exports of goods and services (constant 2015 US$) fell 0.2% on 2023 (from US$7.35 billion to US$7.33 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.8% and a typical year strayed about 13% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 47.5% in 2005 and the biggest yearly fall was 24.9% in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about US$816.82 million a year. A straight line explains 92% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$3.95 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$347.35 million, against US$547.64 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Cuba had the 13th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cuba in the 2024 ranking

• Ghana — 10th of 29: US$25.35 billion
• Angola — 11th of 29: US$10.23 billion
• Bolivia — 12th of 29: US$8.6 billion
• Maldives — 14th of 29: US$5.97 billion
• Lebanon — 15th of 29: US$5.24 billion
• Bahamas, The — 16th of 29: US$4.81 billion

What this measures

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 55 values

Exports of goods and services (constant 2015 US$) in nearby economies

• Argentina — US$83 billion (2025)
• Bahamas, The — US$4.81 billion (2024)
• Belize — US$1.49 billion (2024)
• Bolivia — US$8.6 billion (2024)
• Brazil — US$319.65 billion (2025)
• Chile — US$79.73 billion (2025)
• Colombia — US$51.4 billion (2025)
• Costa Rica — US$33.1 billion (2025)
• Dominican Republic — US$24.85 billion (2025)
• Ecuador

More economic policy & debt data for Cuba

• Grants, excluding technical cooperation (BoP, current US$) — US$139.62 million (2023)
• Technical cooperation grants (BoP, current US$) — US$18.29 million (2023)
• Net official development assistance and official aid received (current US$) — US$167.15 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$167.15 million (2023)
• Net official development assistance received (current US$) — US$167.15 million (2023)
• Net official development assistance received (constant 2023 US$) — US$167.15 million (2023)
• Net ODA received per capita (current US$) — US$15.17 (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$92.95 million (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cuba's exports of goods and services (constant 2015 US$)?

US$7.33 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 252.8% from US$2.08 billion in 1970 (2.36% a year on average, compounded). The highest value was US$15.39 billion in 2013 and the lowest US$2.08 billion in 1970.

Source

World Bank, World Development Indicators, indicator NE.EXP.GNFS.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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