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$204M
- Canada-Cuba Trade: In 2022, Canada exported $204M to Cuba. The main products that Canada exported to Cuba were Dried Legumes ($38.7M), Sulphur ($22.7M), and Nickel Mattes ($12.2M). Over the past 5 years the exports of Canada to Cuba have decreased at an annualized rate of 11%, from $365M in 2017 to $204M in 2022.
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In 2022, Canada did not export any services to Cuba. Cuba-Canada Trade: In 2022, Cuba exported $17.7M to Canada. The main products that Cuba exported to Canada were Live Fish ($6.41M), Rolled Tobacco ($5.05M), and Crustaceans ($2.85M).
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Canada Exports to Cuba - data, historical chart and statistics - was last updated on September of 2024. Base metals not specified elsewhere, cermets. Canada Exports to Cuba was US$224.11 Million during 2023, according to the United Nations COMTRADE database on international trade.
In 2022, Cuba did not export any services to Canada. Canada-Cuba Trade: In 2022, Canada exported $204M to Cuba. The main products that Canada exported to Cuba were Dried Legumes ($38.7M), Sulphur ($22.7M), and Nickel Mattes ($12.2M).
- Key Summary
- Background
- Performance by Product Categories
- Performance by Trade Partners
- Forward Looking
The Fall 2018 Economic StatementFootnote 1set a target of increasing by 50% Canada’s overseas exports by 2025, implying that Canadian exports to overseas markets must reach $292billion by 2025, req...After the significant disruption to trade caused by the global pandemic, Canadian overseas exports jumped 16.2% to reach $257 billion in 2022. This has not only returned Canadian trade to the path...Travel and transport services exports to overseas markets both rebounded strongly in 2022, but there is room for further growth as both of these services are still underperforming the 5.2% per year...Elevated commodity prices supported merchandise exports to overseas markets, with strong growth for energy products and metal ores and non-metallic minerals in 2022, resulting in annual growth rate...The Fall 2018 Economic StatementFootnote 2set a target of increasing by 50% Canada’s overseas exports by 2025. In 2017, the last full year of available data at the release of the Fall Economic Statement 2018, Canada exported $195billion of goods and services to overseas markets. A 50% increase implies that Canadian exports to overseas markets must ...
Canadian goods exports to overseas markets grew a strong 15.0% in 2022, while, services exports to overseas markets grew 19.3% in 2022. With this strong growth, both goods and services returned to the growth path needed to achieve the trade diversification target. However, some components of services are still below the required target path. Travel...
In 2022, Canadian overseas exportsFootnote 4exceeded the 5.2% per year required growth rate in some markets, while underperformed in others. The European Union (EU 27) is Canada’s largest overseas export market, and exports to this market grew 16.3% to reach $55 billion in 2022, resulting in a growth rate of 7.6% per year from 2017. Both goods and ...
While the good news is that Canadian overseas exports will only need to grow 4.3% annually from 2022 to reach the target set in the Fall 2018 Economic Statement, some top overseas export destinations are expected to experience weaker economic growth going forward. Many forecasters are expecting the Euro Area to fall into a mild recession in 2023, a...
- Exports and imports increased sharply in 2022. Context. The year 2021 was defined by strong economic recovery, including international trade, following a slowdown in the activity of several industries in Canada and elsewhere in 2020 during the first waves of the COVID-19 pandemic.
- International trade ramped up in the first half of 2022. Energy products posted the largest increase in exports in 2022. Total exports rose 22.5% in 2022, which represented an increase of more than $142 billion.
- Product section contribution to the annual change in exports, in current and constant dollars. The value of energy exports rose 57.1% in 2022, led by strong price increases.
- Exports of energy products rose in the first part of 2022, then declined in the second half. Exports of crude oil (+50.8%) contributed the most to the growth in exports of energy products in 2022, largely due to strong price increases.
Canada’s services exports increased to nearly all major trading partners, with the notable exception of China, where exports contracted 4.5% in Q4 of 2022. Export growth was led by the U.S., which increased by 4.2% in Q4. Services exports to the EU also supported growth, increasing 5.9% in Q4.
Despite supply chain disruptions, total export and import values reached record highs in 2021. In 2021, Canada’s annual merchandise exports rose 22.0% from 2020, when exports fell 12.3% due to the restrictions put in place during the first waves of the pandemic.
