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The U.S. Commercial Service Export Opportunities in the Caribbean Region Presented by: Robert Jones Regional Counselor for Commercial Affairs. The Caribbean region imports $20.3 billion of US products and services. Dominican Republic US$6.59 billion. Barbados US$497 million. Jamaica

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The U.S. Commercial ServiceExport Opportunities in theCaribbean RegionPresented by: Robert JonesRegional Counselor for Commercial Affairs


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The Caribbean region imports $20.3 billion of US products and services

Dominican Republic

US$6.59 billion

Barbados

US$497 million

Jamaica

US$2.64 billion

The Bahamas

US$2.76 billion

  • 26 Markets, 41 million people

  • Total imports: $53 billion

  • Regional GDP growth: 4.6%

  • US import market share: 38%

Trinidad & Tobago

US$2.25 billion

Source: U.S. Import and Export Merchandise trade statistics. December 2008


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Caribbean Region and services

A Sizeable Export Market

Caribbean

US$23.8

Italy

US$15.5

Malaysia

US$12.9

Chile

US$11.9

India

US$17.8

Brazil

US$32.3

Australia

US$22.2

Source: U.S. Import and Export Merchandise trade statistics. December 2008


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Why Export to the and services

Caribbean Region?

  • Close proximity to the United States

  • Third largest market in Latin America for U.S. exports 

  • Cooperative trade relationship

  • Free trade

  • Regional integration


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Caribbean Tourism Market and services

Source: Caribbean Tourism Organization. Estimated statistics from January to December 2008


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Best Prospect Sectors in the and services

Caribbean Region

  • Travel & Tourism Services

  • Building Products

  • Telecommunication Equipment

  • Automotive Parts and

  • Service Equipment

  • Computer & Peripherals

  • Air Conditioning and

    • Refrigeration Equipment

  • Financial Services

  • Hotel & Restaurant Equipment & Supplies

  • Medical Equipment & Supplies

  • Drugs/Pharmaceuticals

  • Renewable Energy

  • Safety and Security Equipment

  • Household Consumer Goods

  • Non-traditional Agriculture and Agribusiness

  • Oil and Gas Field Machinery and Services


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Dominican Republic and services

HIGHLIGHTS

  • Population: 9.36 million

  • GDP: $36.4 billion

  • GDP growth: 4.8%

  • Per Capita Income $4,147

  • Bilateral Trade US/DR: $10.57 billion

  • Imports from US: $6.59 billion

  • US Imports Market Share: 48%

  • Ranking for US Exports to WH: 8th largest

  • Foreign Direct Investment: $435.1

  • (First quarter 2009)

Sources: U.S. Import and Export Merchandise trade statistics / Central Bank of the Dominican Republic. December 2008


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Barbados and the Eastern Caribbean and services

HIGHLIGHTS

  • Population: 276 thousand

  • GDP: $3.77 billion

  • GDP growth: 0.7 %

  • Per Capita Income $19,300

  • Bilateral Trade US/Barbados: $537 million

  • Imports from US: $497 million

  • US Imports Market Share: 36.7%

Sources: U.S. Import and Export Merchandise trade statistics. December 2008


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Jamaica and services

HIGHLIGHTS

  • Population: 2.8 million

  • GDP: $9.7 billion

  • GDP growth: 2.5%

  • Per Capita Income $3,640

  • Bilateral Trade US/Jamaica: $3.37 billion

  • Imports from US: $2.64 billion

  • US Imports Market Share: 40.1%

Sources: U.S. Import and Export Merchandise trade statistics. December 2008


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Trinidad & Tobago and services

HIGHLIGHTS

  • Population: 1.3 million

  • GDP: $20.9 billion

  • GDP growth: 5.5%

  • Per Capita Income $16,093

  • Bilateral Trade US/T&T: $11.25 billion

  • Imports from US: $2.25 billion

  • US Imports Market Share: 28.2%

Sources: U.S. Import and Export Merchandise trade statistics. December 2008


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The Bahamas and services

HIGHLIGHTS

  • Population: 307 thousand

  • GDP: $6.58 billion

  • GDP growth: 3.1%

  • Per Capita Income $25,000

  • Bilateral Trade US/Bahamas: $3.36 billion

  • Imports from US: $2.76 billion

  • US Imports Market Share: 23%

Sources: Statistics in U.S. Dollar. U.S. Import and Export Merchandise trade statistics. December 2008


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Contact us ! and services

U.S. Commercial Service

Caribbean Office

Maria Elena Portorreal

Regional Senior Commercial Specialist

[email protected]

Dominican Republic

Tel: (809) 227-2121

Fax: (809) 920-0267

[email protected]

Robert Jones

Regional Counselor for Commercial Affairs

[email protected]

Megan Schildgen

Regional Commercial Attaché

[email protected]


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