China / Cuba

Overview In December 2024, China exported $117M and imported $27.9M from Cuba, resulting in a positive trade balance of $88.8M. Between December 2023 and December 2024 the exports of China have increased by $81.6M (232%) from $35.2M to $117M, while imports decreased by $-2.61M (-8.55%) from $30.5M to $27.9M.

Trade In December 2024, the top exports of China to Cuba were Cranes ($2.61M), Electrical Control Boards ($1.69M), Cars ($1.4M), Rubber Tires ($1.37M), and Telephones ($1.06M). In December 2024 the top imports of China from Cuba were Precious Metal Ore ($6.79M), Zinc Ore ($5.88M), Nickel Mattes ($3.45M), Lead Ore ($1.44M), and Rolled Tobacco ($1.08M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($51M), Zhejiang Province ($13.7M), Shandong Province ($12.2M), Hainan Province ($11.2M), and Beijing ($8.84M), while imports destinations were mainly Jiangxi Province ($18.5M), Beijing ($3.61M), Xingjiang Uygur Autonomous Region ($2.64M), Inner Mongolia Autonomous Region ($1.1M), and Tianjin ($878k).

Growth In December 2024, the increase in China's year-by-year exports to Cuba was explained primarily by an increase in product exports in Electrical Control Boards ($1.53M or 947%), Cars ($1.11M or 387%), and Cleaning Products ($785k or 519%). In December 2024, the decrease in China's year-by-year imports  from Cuba was explained primarily by an decrease in product imports  in Nickel Mattes ($-17.8M or -83.8%), Crustaceans ($-2.01M or -75.5%), and Inorganic Salts ($-344k or -80.8%).