Cuba's hand-rolled cigars, which include brands such as Cohiba, Montecristo and Partagas, are considered by many as the best in the world. Cigars are one of the top exports for the Cuban economy, which shrank 11 per cent last year as the pandemic and increased U.S. sanctions exacerbated the cash crunch. Take a surveyThe Caribbean island cannot sell its signature export to the biggest market worldwide for cigars, the United States, due to the decades-old U.S. trade embargo. Europe remains the top regional market for Habanos, accounting for 50 per cent of sales, followed by the Asian-Pacific area, which accounts for 16.2 per cent, according to the statement. Revenue dropped 31 per cent in Africa and the Middle East, however, and 21 per cent in the Americas.

Source: Standard Digital May 05, 2021 06:21 UTC