Cuba Reportedly Doubles Trade Surplus

Published November 17, 2014

Cuba totaled a $3.9 billion trade surplus in 2010 as President Raul Castro’s efforts to reduce imports and earn more abroad brought results for a second consecutive year, according to the government’s statistics office.

The $3.9 billion figure is twice the $2 billion reported in 2009, and is a first step in getting the nation’s debt-ridden economy out of the woods, Reuters reports.

Hurricanes, the international financial crisis and internal inefficiencies left the country without funds in 2008.

Increased prices for Cuba’s main exports – nickel, petroleum derivatives and other medical and technical services accounted for the rise -- while revenues from tourism and communications were also reportedly up.

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