BACKGROUND DATA ON THE CUBAN ECONOMY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001900030067-2
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 10
• Document Creation Date: December 20, 2016
• Document Release Date: August 18, 2005
• Sequence Number: 67
• Publication Date: September 12, 1974
• Content Type: MF

STAT
Approved For Release 2005/12/14 :CIA-RDP85T00875R001900030067-2
 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030067-2
CENTRAL INTELLIGENCE AGENCY
WASHINGTON, D.C? 20505 ?
J* J4
r"I Al-0
12 September 1974
MEMORANDUM FOR: Mr. William Clarke
Director of PRC Affairs
Bureau of East-West Trade
Department of Commerce
SUBJECT Background Data on the Cuban Economy
In response to your telephone request, we are
forwarding selected background material on the Cuban
economy and on US property nationalized by the Castro
government. Questions may be directed to the author,
STAT
Attachment:
As stated
Distribution:
Orig. and 1 - Addressee - w/att.
1 - D/OER - w/att.
K12 Sep 74)
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 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030067-2
Cuban Foreign Trade
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Million Cuban Pesos a/
1971
1972
1973 b/
1974 c/
Total Exports f.o.b.
859
740
1,076
1
810
Communist countries
55'1
395
699
,
872
USSR
304
215
468
545
Eastern Europe
161
120
161
227
Far East
N
92
60
70
100
on-Communist countries
302
345
377
938
Japan
99
130
140
350
Spain
36
40
45
NA
Total Imports c.i.f.
1,385
1
189
1
237
Communist countries
USSR
966
,
940
,
977
1,795
1,095
732
755
775
810
Eastern Euro
pe
140
110
127
175
Far East
94
75.
75
110
Non-Communist
countries
419
250
260
700
Japan
60
54
102
175
Spain
33
18
35
NA
a. in 1971, 1 Peso equalad $1 US; in 1972, $1,.09 US; in 1973 and 1974
$1.21 Us.
b. Provisional
C. Estimated
Gla~ilGiaR
1974
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Cuban Exports by Major Coaanodity
Sugar
Molasses
Minerals
Nickel
Copper
Tobacco
Raw
Manufactured
Foodstuffs
Fish and Shellfish
Citrus
Rum
Million Cuban Pesos
1971
1972
1973 a/
1974 b/
632
554
834
1,545
23
15
12
15
135
100
145
155
135
100
145
150
0
0
0
5
32
35
40
45
14
15
15
15
18
20
25
30
25
30
40
45
21
26
35
40
3
3
4
4
1
1
1
1
12
5
5
5
859
739
1,076
1,810
CXR/O:4
12 ,xptcn:bcr 1974
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 Approved For Reuse 2005/12/14 CIA.'ERDP8 T00875R001900030067-2
Cuban Sugar Exports.
1,000 Metric Tons and Million Cuban Pesos
1971
1972
1973 a/
1974
b/
Volume Value
Volume Value
Volume Value
Vol
ume Value
1,581
205.6
1,097
143.1
1,661
369
1,900
422
Eastern Europe
960
123.7
696
93.2
834
131
860
193
Albania
23
? 2.3
15
2.0
14
2
15
3
Bulgaria
211 ?
26.8
154
20
8
213
47
2
Czechoslovakia
190
25.1
151
.
20
7
163
22
00
44
Germany, East
338
44.8
243
.
31.6
259
35
170
300
38
67
Hungary
59
8.0
38
5.1
52
7
50
11
Poland
30
4.1
22
3.1
55
7
50
11
Romania
109
?12.6
73
9.9
78
11
75
16
Far East
737
87.9
501
56
0
517
.
69
575
100
China
464
63'.6
295
39.8
302
52
380
84
Korea, North
197
22.8
119
13.7
136
16
120
14
Mongolia
0
0
11
1.5
3
Negl.
Negl.
Negl
Vietnam, North
76
1.5
76
1.0
76
1
75
.
2
Non-Communist
Countries
2,232
222.4
1,846
262.5
1,785
265
2,025
830
5,510
631.8
4,140
554.8
- 4,797
834
5,360
1,545
a. Provisional
b. Estimated
CTS:/u!:.'?:
2 ? ._- ~~: 1:374
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Cuban Trading Enterprises
'Ministry of Foreign Trade
Minister: Marcelo Fernandez
First Vice-Minister: Ricardo Cabrizas
Enterprise
Import:
ALIMPORT
AVIAIMPORT
CONSTRUIMPORT
CONSUMIMPORT
CUBAHIDRAULICA
CUBAMETALES
CUBAPESCA
CUBATEX
?EDUCUBA
FERRIMPORT
MAPRINTER
MAQUIMPORT
Director
Jose Civeira
Eduardo Martinez
Olegario Cartelles
Jose Luis Mestre
Antonio Rimbau
Jorge Nilo Chavez
Rolando Alvarez
Isaac Abascal
Bernito Fernandez
G-Lafite
Porfirio MFderos
Carlos Rodriquez
Benitez
Justo Armesto
Pons
Jorge Madan
Orlando Romero
Responsibilities
Foodstuffs, livestock
Aircraft, navigation
equipment
Construction equipment
Consumer durable goods
Irrigation equipment
All metals, wire, fuel
Fishing equipment
Textiles, cordage, leather
Education equipment
Railway equipment
Hardware supplies
Raw materials and
intermediate goods
Machinery and equipment
Medical equipment
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Cuban Trading Enterprises
Mont.)
Enterprise Director Responsibilities
Import:
QUINIMPORT Eduardo Machado Chemicals, fertilizer
TRACTOIMPORT Guido Valeints Agricultural machinery
TRANSIMPORT Rene Narbona Automotive and transportation
equipment
U.S.I.E. Roberto Rodriquez Mining and drilling equipment
Export:
CUBAZUCAR Emiliano Lezcano Sugar and sugarcane by-
products
CUBANIQUEL Osmany Martinez Nickel ore
CUBAEXPORT Tirso Luis
'Foodstuffs and miscellaneous
products ,
CUBATABACO Alberto Ramos Tobacco and tobacco products
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Production of Major Industrial Products
1,000 Metric Tons
(except as. noted)
1971
175.3
56.4
77.9
277.1
10.7
1.9
Cotton textiles (million square meters) 87.1
Rayon textiles; (million square meters) 8.1
Leather footwear (million pair) 14.2
Food processing:
Wheat flour
Refined vegetable oil
Condensed and evaporated milk
Tobacco and beverages:
Cigars (million units)
Cigarettes (billion units)
Beer and malt (million hectoliters)
Textiles and footwear:
Chemicals and rubber:
Soap
Detergents
Rubber footwear (million pair)
Rubber tires (thousand units)
Caustic soda
Metallurgy:
Nickel oxide and sinter.
Nickel slurry
Crude steel
58.4
18.1
4.4
251.2
.1. 9
17.0 a/
.18.0
220.6
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Production of Major Industrial Products
(Cont.)
1,000 i,ietric Tons
(Except as noted)
1971
Electric power:
Public utility plants (million kwh)
Industrial plants (million kwh)
4,582 a/
1,231.2
Paper:
Paper and cardboard
97.8
Construction material
Cement
L
3
2,000.0 a/
umber (1,000 M
)
37.1
12 8ugt.c:mmm;3 r 17.1
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Nationalized US Property in Cuba
Owners of US property nationalized by the Castro
government have submitted claims to the Foreign Claims
Settlement Commission totaling $3.2 billion -- $2.5
billion in corporate property and $700 million in
private property. Of this amount some $1.8 billion --
$1.6 billion in corporate claims and $200 million in
private claims -- have been certified by the Commission.
The ten largest claims are as follows:
Company Million US$
Cuban Electric Company 268
International Telephone and Telegraph 131
North American Sugar
Moa Bay Mining
United Fruit
West Indies Sugar
American Sugar
Standard Oil
Francisco-Sugar Company
Texaco
CXA/OER
12 Septeraber 1974
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