Cuba

Герб
 Флаг
 

Coat of arms: consists of a shield, in front of a fasces crowned by the Phrygian cap, all supported by an oak branch on one side and a laurel wreath on the other. The coat of arms was created by Miguel Teurbe Tolón[1] and was adopted on April 24, 1906.

Flag: consists of five alternating stripes (three blue and two white) and a red equilateral triangle at the hoist, within which is a white five-pointed star. It was designed in 1849 and officially adopted May 20, 1902.

 
  • Anthem: «La Bayamesa» (Himno de Bayamo) is the national anthem of Cuba. The anthem was first performed during the Battle of Bayamo in 1868.
  • Official languages: Spanish.
  • Geographical location: it is a country comprising the island of Cuba as well as Isla de la Juventud and several minor archipelagos. Cuba is located in the northern Caribbean where the Caribbean Sea, Gulf of Mexico and Atlantic Ocean meet. It is east of the Yucatán Peninsula (Mexico), south of both the U.S. state of Florida and the Bahamas, west of Haiti and north of both Jamaica and the Cayman Islands. 
  • Administrative divisions: the country is subdivided into 15 provinces and one special municipality (Isla de la Juventud).
  • Capital: Havana.
  • Governance: Cuba is constitutionally defined as a Marxist–Leninist socialist state guided by the political ideas of Marx, one of the fathers of historical materialism, Engels and Lenin. Executive power is exercised by the Government, which is represented by the Council of State and the Council of Ministers. Legislative power is exercised through the unicameral National Assembly of People's Power, which is constituted as the maximum authority of the state. 
  • Population: 11.39 million.
  • Currency: Peso.
  • GDP: $87 billion.
  • Time zone: GMT -4.
  • Telephone code: +53.
  • Barcode: 850.

 

Trade and economic cooperation between Belarus and Cuba

The Republic of Cuba is a socialist country with a centrally planned economy. In 2018, Cuba's GDP grew by 1.2%, and for 2019 it is planned to grow by 1.5%. Moderate growth was observed in the areas of transport and communications, manufacturing, trade, culture, sports and healthcare. Sugar industry, agriculture, construction and mining show negative dynamics. 

Cuban foreign trade turnover in 2017 amounted to $12.57 billion (in 2016 — $12.59 billion). Exports of goods amounted to $2.4 billion (in 2016 — $2.3 billion), imports — $10.17 billion (in 2016 — $10.27 billion). The balance was negative in the amount of $7.77 billion.

The main export positions of Cuba are petroleum products, sugar, nickel, medical and pharmaceutical products, as well as tobacco and alcohol products. In addition, the export of medical services and international tourism are the most important sources of foreign exchange earnings for Cuba. The number of foreign tourists is growing annually: in 2015 — 3.54 million people, in 2016 — 4 million people, in 2017 — 4.65 million people, in 2018 — 4.73 million people. The largest number of tourists arrives in Cuba from Canada and the United States.

The leading import items are fuel, technological equipment and vehicles, food, chemical products.

Dynamics of Cuba's imports by individual commodity items for 2016 — 2017 (million US dollars)

Year

2016

2017

Fuel and lubricants

1990

2503

Equipment and vehicles

2713

2484

Industrial Products

2257

1909

Food

1778

1824

Chemical industry products

1120

1037

Cuba's key trading partners are Venezuela, China, Spain and Canada. The trade and economic relations of Cuba and Russia are actively developing.

Cuba is an important trading partner of Belarus in Latin America. The basis of Belarusian supplies to Cuba is industrial products.

Dynamics of trade between Belarus and Cuba (in million U.S. dollars)

Year

Turnover

Exports

Imports

Surplus

2014

39.1

13.1

26.0

-12.9

2015

67.3

36.3

31.0

5.3

2016

67.0

18.8

48.2

-30.2

2017

60.9

21.8

38.2

-16.4

2018

16.8

15.3

1.6

13.7

Belarus's most promising products to export to Cuba:

  • Petroleum products (HS code 2710);
  • Nitrogen fertilizers (3102);
  • Potash fertilizers (3104);
  • Tires (4011);
  • Piston internal combustion engines (8408);
  • Parts for internal combustion engines (8409);
  • Other engines and power plants (8412);
  • Agricultural machines for soil preparation and cultivation and their parts (8432);
  • Machines and mechanisms for harvesting and threshing crops (8433);
  • Gears of machinery, equipment and vehicles (8483);
  • Tractors and tractor units (8701);
  • Trucks (8704);
  • Car bodies (8707);
  • Parts and accessories for cars and tractors (8708);
  • Trailers and semitrailers (8716).

Favorable factors for the development of trade and economic relations remain a high level of political relations between our countries and the potential demand for Belarusian goods in the Cuban market due to the long positive experience of Cuban end users working with domestic sophisticated products, primarily agricultural equipment.

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Republic of Cuba, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Cuba for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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