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The U.S. Commercial Service Export Opportunities in the Caribbean Region Presented by: Robert Jones Regional Counselor

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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

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

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

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

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Best Prospect Sectors in the

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

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

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

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

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

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 !

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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