Cuba’s Imports From China Slump 40% in 2020, Extending Long Decline

The two Communist-led countries remain political allies and economic partners, with China investing in alternative energy in Cuba and development financing in light industry, communications and other areas. Cuba has three pharmaceutical ventures in China.

RIO DE JANEIRO, BRAZIL - Cuba’s imports from China tumbled to US$483 million last year versus US$791 million in 2019, according to data from the Chinese Customs Office, extending a steep five-year decline as the island’s economy reels from U.S. sanctions and the coronavirus pandemic.

Cuba is dependent on imports for much of its consumption, but it began falling behind on payments to foreign suppliers from 2015 as support ebbed from ally Venezuela due to its own economic woes.

The Chinese government previously reported that exports to Cuba had declined from nearly US$1.9 . . .

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