According to a recent investigation by Latinus, drawing on data from the Bank of Mexico (Banxico), Mexico's oil exports to Cuba surged to an average of $90 million per month during 2025.
The report highlights a massive 23,000% increase in shipments under the leadership of President Claudia Sheinbaum Pardo. This spike occurred amidst U.S. President Donald Trump's announcement of tariffs on imports from countries supplying fuel to the island.
The data shows a significant rise from the very start of the new administration. In October, Sheinbaum's first month as president, the shipments reportedly reached $242 million, based on Banxico's official figures.
Latinus bases its findings on Banxico's records, calculating the dramatic increase in shipments and the monthly average for 2025.
Upon Sheinbaum's inauguration, the fuel deliveries to Havana were 230 times greater than during the final year of President Andrés Manuel López Obrador's administration, according to the same official data.
Comparison with Previous Years
The article contrasts these figures with those from López Obrador's term, noting substantially smaller amounts. In 2020, oil shipments fell short of a million dollars per month. Between 2021 and 2022, the monthly average hovered around one million dollars.
By 2023, the average rose to two million dollars monthly, marking the highest recorded shipment of the previous period. During López Obrador's last year, the monthly average was one million dollars, the lowest of his term, as reported.
In this context, the medium asserts that under Sheinbaum's administration, shipments soared to unprecedented levels, averaging $90 million per month by 2025.
The Trump Factor: Tariffs on Oil Supplies to Cuba
The report links the surge to Trump's announcement that the U.S. would impose tariffs on imports from nations supplying oil to Cuba, increasing scrutiny on fuel flows to the island.
During her Friday morning conference, Sheinbaum refrained from stating whether her government would cease oil shipments to Cuba following Washington's new policy.
Instead, she warned that the tariffs could trigger a humanitarian crisis on the island, affecting hospitals, food security, and other essential services. She also mentioned requesting Foreign Minister Juan Ramón de la Fuente to engage with the U.S. Department of State to understand the implications and to highlight the potential for a "humanitarian crisis," while emphasizing that diplomatic solutions would be sought without jeopardizing Mexico's position in the face of possible tariffs.
Key Questions on Mexico's Oil Exports to Cuba
Why did Mexico's oil exports to Cuba increase so dramatically in 2025?
The dramatic increase in Mexico's oil exports to Cuba in 2025 is attributed to a shift in policy under President Claudia Sheinbaum Pardo, amidst U.S. tariffs on nations supplying fuel to Cuba.
What role did U.S. tariffs play in Mexico's oil shipments to Cuba?
U.S. President Donald Trump's announcement of tariffs on countries providing oil to Cuba intensified focus on these shipments, potentially influencing Mexico's decision to continue its exports amid geopolitical pressures.