Autos
Cuba imported $36 million worth of automobiles from the U.S. in first six months this year
Of the $36 million worth of automobiles, $34,587,077 were used car exports
September 8, 2024 4:30pm
Updated: September 9, 2024 8:18am
Car imports to Cuba from the United States reached $36 million between January and July 2024, according to a report published by the U.S.-Cuba Economic and Trade Council this week.
Of the $36 million worth of automobiles, $34,587,077 were used car exports, reported John S. Kavulich, president of that non-governmental organization created in 1994, Martí Noticias reported.
“Vehicle sales to Cuba are part of the great story this year,” said Kavulich, who believes that this business could reach around $50 million in the coming months.
In 2023, car exports totaled $9,824,627, a figure that has already been widely surpassed. Only in June of this year, purchases reached $3,705,643.
The government's new measures for vehicle imports could further trigger purchases from the United States.
The total cost of a vehicle imported into Cuba depends on many factors, including the initial price, import charges, tariffs and trade margins. For example, a mid-range car may cost $15,900.
