Cuba: Merchandise exports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Cuba's merchandise exports by the reporting economy (current US$) fell 3% on 2022 (from US$880.78 million to US$853.94 million).

Across the 30 yearly changes before that (1993 to 2022), the average change was +1.8% and a typical year strayed about 22.6% from that (the standard deviation). This year's change was 0.2 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 47.7% in 2006 and the biggest yearly fall was 55.2% in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is downward, about US$236.38 million a year. A straight line explains 86% 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$167.08 million for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was US$391.36 million, against US$643.95 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 2023, Cuba had the 159th highest value of the 205 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 2023 ranking

• Haiti — 155th of 205: US$953.29 million
• Marshall Islands — 156th of 205: US$952.8 million
• Kosovo — 157th of 205: US$932.89 million
• Fiji — 159th of 205: US$732.24 million
• Bhutan — 160th of 205: US$703.02 million
• Montenegro — 161st of 205: US$689.83 million

What this measures

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

Regional and income-group figures are computed by the World Bank as a sum.

All 43 values

Merchandise exports by the reporting economy (current US$) in nearby economies

• Antigua and Barbuda — US$71.33 million (2023)
• Argentina — US$65.24 billion (2023)
• Aruba — US$109.76 million (2023)
• Bahamas, The — US$1.09 billion (2023)
• Barbados — US$320.52 million (2023)
• Belize — US$252.98 million (2023)
• Bolivia — US$10.81 billion (2023)
• Brazil — US$339.27 billion (2023)
• Chile — US$94.03 billion (2023)

More private sector & trade data for Cuba

• Merchandise imports (current US$) — US$8.75 billion (2025)
• Merchandise exports (current US$) — US$1.62 billion (2025)
• Merchandise trade (% of GDP) — 8.32% (2020)
• Merchandise imports from economies in the Arab World (% of total merchandise imports) — 1.31% (2023)
• Merchandise imports from high-income economies (% of total merchandise imports) — 52.19% (2023)
• Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) — 29.78% (2023)
• Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) — 23.31% (2023)
• Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)

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 merchandise exports by the reporting economy (current US$)?

US$853.94 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1981?

It is down 41.32% from US$1.46 billion in 1981 (1.26% a year on average, compounded). The highest value was US$4.65 billion in 2007 and the lowest US$686.13 million in 1986.

Source

World Bank, World Development Indicators, indicator TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) 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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