Caribbean Basin
U.S. Trade with Caribbean Basin in 2023
Total Export Value
$5.2 Billion
3-Year Average
$4.96 Billion
Compound Average Growth
3.1% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Caribbean Basin in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Poultry Meat & Prods. (excl. eggs) | $680.25 Million | 513,116 | $508.69 Million | 55% |
| Soybean Meal | $360.93 Million | 663,473 | $297.38 Million | -0% |
| Pork & Pork Products | $354.99 Million | 121,766 | $169.57 Million | 243% |
| Rice | $325.07 Million | 438,134 | $258.81 Million | 37% |
| Dairy Products | $299.02 Million | 66,953 | $230.6 Million | 43% |
| Beef & Beef Products | $255.71 Million | 27,391 | $180.16 Million | 66% |
| Tobacco | $252.01 Million | 19,517 | $141.96 Million | 195% |
| Baked Goods | $223.65 Million | 75,438 | $175.32 Million | 21% |
| Wheat | $223.3 Million | 639,378 | $222.42 Million | -25% |
| Corn | $190.73 Million | 693,851 | $215.64 Million | -28% |
Resources
Data and Analysis
Access to the benefits of modern agricultural biotechnology in the Caribbean Basin remains stifled by the unfinished work of implementing a science-based, risk-management approach to regulate its use.
In the Caribbean region, sales value in the retail grocery sector increased by 3 percent in 2023. This is due in part to the rise in tourism in many markets, which is boosting economic growth. The largest grocery retail markets are Trinidad and Tobago, Guadeloupe, and the Bahamas.
As tourists flock back to the Caribbean in larger numbers and island economies regain their footing after being challenged by global inflation, competition, and other headwinds, opportunities for U.S. suppliers are slowly emerging. While hurdles remain present on the horizon, U.S. suppliers are finding resilient Caribbean buyers to be excellent partners on the road to commercial success.
News and Features
Secretary Vilsack announced today that USDA is allocating $300 million to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.