A sharp decline in Mexican oil exports to Cuba, falling from roughly 20,000 barrels daily to around 3,000, is raising economic concerns for the island nation. The reduction follows a move by former President Trump to impose tariffs on oil shipments to Cuba and pressure Mexico to limit its energy support for the country [[1]]. This progress marks a critically important shift in the longstanding energy relationship between Mexico and Cuba, historically a demonstration of regional solidarity [[2]].
Mexican oil exports to Cuba have plummeted following former President Trump’s imposition of tariffs on oil shipments to the island nation. The drastic reduction raises concerns about Cuba’s economic stability.
Mexican oil exports to Cuba have fallen sharply, from approximately 20,000 barrels per day last year to around 3,000 barrels per day this year, according to data from Kpler. This decline comes as Donald Trump increases pressure on the leftist government of Mexican President Claudia Sheinbaum to curtail its support for the Cuban communist regime.
On Thursday, Trump issued an executive order declaring a national emergency, which he says empowers him to impose new tariffs on any country exporting oil to Cuba. Mexico has historically been one of the few nations to supply Cuba with oil – a longstanding demonstration of solidarity with the Caribbean island.
