Foreign trade shows surplus.Cuba's broadest gauge of its foreign trade swung to a $488 million surplus in 2007--helped by a surge in service exports which traditionally include health care provided in Venezuela Venezuela (vĕnəzwā`lə, Span. vānāswā`lä), officially the Bolivarian Republic of Venezuela, republic (2005 est. pop. 25,375,000), 352,143 sq mi (912,050 sq km), N South America. . Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. , quoting official figures, reported Aug. 13 that Cuba's current-account balance of payments moved to a surplus in 2007 from a $215 million deficit in 2006, as net service exports reached $7.8 billion--helping offset a trade deficit of about $6.2 billion, as gauged by current prices. Cuba Cuba (ky  `bə, Span. k`bä), officially Republic of Cuba, republic (2005 est. pop. doesn't does·n't Contraction of does not. specify what it includes in the service export category, though on various occasions officials have said tourism and related revenues, the export of medical and other technical services and donations all fall within it. Last year, Cuba's exports of goods came to $4 billion compared with $3.2 billion in 2006. Total imports of goods hit $10.2 billion compared to $9.5 billion in 2006. Analysts say higher prices of nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. , Cuba's top export, helped boost overall exports. |
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