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Recent Cuban Foreign Trade Patterns

Pérez-López, Jorge F.
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Abstract
"An analysis of Cuba’s foreign trade indicates important changes during recent years. Commodity exports are dominated by nickel, which accounts for about half of the total. Imports of commodities, basically oil and food, have increased. The result is a deficit in the commercial balance. While exports of services have increased, above all as a result of the exporting of professional services –doctors, teachers, sports trainers– to Venezuela, it does not altogether compensate the commodity deficit. In short, while there have been changes in the relative importance of the type of exports and in the commercial partners, Cuba’s commercial balance is still in the red."
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2008
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Creative Commons Copyright (CC 2.5)
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