Cuba
On this page you will find beneficial information regarding foreign direct investment in trading with Cuba. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Communist State
Population: 11,256 (2021)
GDP: 107.4 billion USD (2020)
Corporate Tax Rate: 35%
Personal Income Tax Rate: 15% -50%
Major Exports: Rolled Tobacco ($275M), Nickel Mattes ($148M), Raw Sugar ($121M), Hard Liquor ($91.8M), and Zinc Ore ($89.6M), exporting mostly to China ($419M), Spain ($118M), Germany ($70.2M), Belgium ($58.7M), and Switzerland ($46.2M).
Major Imports: Poultry Meat ($330M), Wheat ($153M), Concentrated Milk ($107M), Crude Petroleum ($70.2M), and Rice ($66.9M), importing mostly from Spain ($741M), China ($574M), United States ($309M), Canada ($225M), and Italy ($185M).
