Initiatives
On July 20, 2015, Cuba and the United States reopened their respective embassies and reestablished diplomatic relations. However, the U.S. trade embargo with Cuba remains in place and most transactions between the United States and Cuba continue to be prohibited.
Since 2000, certain U.S. exports of agricultural goods and medical devices have been permitted. Other items authorized for export more recently include certain building materials for private residential construction, goods and services for use by private sector Cuban entrepreneurs, and agricultural equipment for small farmers.
Regarding imports from Cuba, importation of certain goods and services produced by independent Cuban entrepreneurs is allowed. More information on permitted imports is available here.
Cuba Trade Summary
U.S. total goods trade with Cuba were an estimated $591.4 million in 2024. U.S. goods exports to Cuba in 2024 were $586.5 million, up 45.1 percent ($182.4 million) from 2023. U.S. goods imports from Cuba in 2024 totaled $4.9 million, up 19.2 percent ($0.8 million) from 2023. The U.S. goods trade surplus with Cuba was $581.6 million in 2024, a 45.4 percent increase ($181.6 million) over 2023.
Further Information
Further information on commerce, travel, and more is available at the following links:
