Cuba | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Republic of Cuba
Records
63
Source
Cuba | Merchandise imports (current US$)
1960 638000000
1961 703000000
1962 759000000
1963 867000000
1964 1019000000
1965 866000000
1966 926000000
1967 999000000
1968 1102000000
1969 1222000000
1970 1311000000
1971 1387000000
1972 1292000000
1973 1793000000
1974 2648000000
1975 3883000000
1976 4066000000
1977 4700000000
1978 4780000000
1979 5085000000
1980 6505000000
1981 6545000000
1982 6637000000
1983 7211000000
1984 8167000000
1985 7983000000
1986 9173000000
1987 7612000000
1988 7579000000
1989 7526000000
1990 4600000000
1991 2600000000
1992 1500000000
1993 1500000000
1994 2055000000
1995 2825000000
1996 3205000000
1997 3987000000
1998 4197000000
1999 4365000000
2000 4843000000
2001 4839000000
2002 4176000000
2003 4673000000
2004 5615000000
2005 8084000000
2006 10258000000
2007 10886000000
2008 15373000000
2009 9619000000
2010 11496000000
2011 14243000000
2012 13869000000
2013 14707000000
2014 13037000000
2015 11702000000
2016 10270000000
2017 10172000000
2018 11484000000
2019 9901000000
2020 7230000000
2021 8431000000
2022

Cuba | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Republic of Cuba
Records
63
Source