{"id":288274,"date":"2023-09-09T10:30:33","date_gmt":"2023-09-09T14:30:33","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=288274"},"modified":"2023-09-09T10:30:33","modified_gmt":"2023-09-09T14:30:33","slug":"cubas-trade-in-goods-in-new-cold-war-ii","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/cubas-trade-in-goods-in-new-cold-war-ii\/","title":{"rendered":"Cuba\u2019s trade in goods in new cold war (II)"},"content":{"rendered":"

Read the <\/span>first part<\/span><\/a> of this article.<\/span><\/p>\n

On August 14, the National Office of Statistics and Information (ONEI) <\/span>published the data on Cuban foreign trade<\/span><\/a> corresponding to 2022. It is therefore appropriate to update a <\/span>previous analysis<\/span><\/a> on the most relevant trends and the \u201cgeopolitical\u201d distribution of the Cuba\u2019s trade in goods with the world. To do this, we will consider its behavior during the 2017-2022 six-year period, thus moving the period subject to statistical processing one year forward.<\/span><\/p>\n

Total trade in goods (thousands of USD)<\/span><\/p>\n

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In 2022, the U.S. dollar value of total trade in goods recorded a significant growth of 15%. However, this was not enough to recover the amount reached in 2018. And, if we place this result in a longer time horizon, it should be noted that it only represented 60% of the total exchange carried out in 2013 (19.99 billion dollars), the year with the highest historical record in the ONEI report.<\/span><\/p>\n

On the other hand, last year there was no change in terms of the accentuated and historical imbalance between exports and imports. The former represented only 18% of the total exchange (coinciding with the annual average of the six-year period) and increased the deficit balance by more than 1 billion dollars with respect to the previous year.<\/span><\/p>\n

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Considering the total exchange of goods (sum of exports and imports), Cuba\u2019s ten main partners, according to the annual average of the six-year period, were the following:<\/span><\/p>\n

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In 2022, the partners with the highest growth were Brazil (65%), Venezuela (52%), Spain (35%) and Russia (34%), while Italy (32%) and Argentina (24%) decreased.<\/span><\/p>\n

On the import side, Cuba\u2019s ten main trading partners, according to the six-year annual average, are reflected in the following table and graph:<\/span><\/p>\n

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The novelties and the most striking records of Cuba\u2019s imports in 2022 and during the six-year period, include the following:<\/span><\/p>\n