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The economy of Cuba is a planned economy dominated by state-run enterprises. In the 1990s, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2018 Cuban constitution.
Different sources of trade data may provide more or less complete data coverage, and more or less detail: reported vs. mirrored: One key distinction in trade data is between the reporting country (the country that provides data) and the partner country (the country listed as an export partner or import partner in the data provided by a reporting country).
After the collapse of the Soviet Union in 1991, Cuban exports declined from $5.5 billion to $1.7 billion pesos while imports fell from $7.8 billion to $2.5 billion pesos. Until this time, more than two-thirds of Cuba's sugar exports were to the Soviet Union and members of COMECON. The demand from Eastern European states fell to just 50,000 tons ...
Cuba's agricultural economy centered primarily on the sugar industry, serving as the cornerstone of the nation's exports. U.S. influence, particularly from companies like the United Fruit Company , was pervasive, with significant investments in large-scale sugar plantations and the production and export of sugar and tropical fruits to the ...
Cuba's economy demands about 125,000 barrels per day of fuels, including motor gasoline, diesel and fuel oil for electricity generation, according to the most recently available 2021 data from its ...
In 1994, Tabacalera, Spain's largest tobacco buyer, offered Cubatabaco financial assistance with production and export in exchange for a guarantee of primary preference on tobacco export, [47] with the expectation that Tabacalera would account for three quarters of Cuban tobacco exports, and 40 percent of cigar exports. As a result, Cuban ...
Exports from U.S. to Cuba in December jumped from November. For premium support please call: 800-290-4726 more ways to reach us
A huge power outage hit Cuba Oct. 19, and much of the island is still without electricity. Here’s why things may get worse. Nationwide power outage has paralyzed Cuba’s economy — but crisis ...