Merchandise Trade Balance in Cuba
The merchandise trade balance in Cuba averaged USD -7.6 billion in the decade to 2024. The 2024 reading was USD -7.0 billion. For more information on trade, visit our dedicated page.
Cuba Trade Chart
Note: This chart displays Trade Balance (USD billion) for Cuba from 2022 to 2024.
Source: Macrobond.
Cuba Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | -5.5 | -6.5 | -7.7 | -7.4 | -7.0 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cuban trade projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Cuban trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cuban trade projections.
Want to get access to the full dataset of Cuban trade forecasts? Send an email to info@focus-economics.com.