Approximately $300 million USD (limited primarily to agricultural and medical goods)
Year
2022
Trend
Stable but heavily restricted due to U.S. embargo policies
Special Rates
Preferential Rate
Exempt or reduced rate
Applicable under specific bilateral agreements or humanitarian exemptions; subject to Cuban government discretion due to U.S. embargo restrictions.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Eases Restrictions on Tech Exports to Cuba
The U.S. Department of Commerce announced a relaxation of export controls on certain electronic goods under HS Chapter 85, such as telecommunications equipment, to support internet access and communication for Cuban citizens.
October 21, 2022
Impact: This change is expected to increase the export of communication devices and related equipment from the U.S. to Cuba, fostering greater connectivity while navigating the broader trade embargo.
Cuba Seeks U.S. Electrical Equipment Amid Energy Crisis
Cuba has expressed interest in importing electrical machinery and equipment (HS Chapter 85) from the U.S. to address ongoing energy shortages exacerbated by Hurricane Ian and infrastructure challenges.
September 30, 2022
Impact: While current U.S. embargo rules limit direct trade, this could pressure policymakers to consider exceptions for humanitarian reasons, potentially opening niche markets for U.S. exporters.
U.S. Firms Eye Cuban Market for Renewable Energy Tech
American companies specializing in renewable energy technologies, classified under HS Chapter 85 (e.g., solar panels and inverters), are exploring potential opportunities in Cuba following slight policy relaxations on private sector engagement.
August 15, 2022
Impact: Limited policy changes may allow small-scale trade or partnerships, though significant barriers remain due to the U.S. embargo, restricting full market access.
Policy Updates
U.S. Updates Export Controls for Cuba on Telecommunications
The U.S. Department of Commerce's Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) to allow exports of certain items under HS Chapter 85, specifically telecommunications equipment and software, to Cuba to support internet freedom and communication access for the Cuban people.
Date: October 21, 2022
OFAC Clarifies Licensing for Tech Exports to Cuba
The U.S. Office of Foreign Assets Control (OFAC) issued updated guidance on licensing exceptions for the export of certain electronic devices and components under HS Chapter 85, aimed at supporting Cuba’s private sector while maintaining broader sanctions.
