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Caribbean imports of consumer-oriented products shrunk from $2.3 billion in 2019 to $2.1 billion in 2020 as a result of the COVID-19 pandemic, yet Caribbean retail grocery sales grew by an estimated 6 percent during the same period.
The Cayman Islands tourism industry has experienced tremendous growth during the past several years.
The Bahamas is the second largest market for U.S. consumer-oriented products in the Caribbean.
U.S. exports of consumer-oriented products to Aruba reached an all-time high of $74 million in 2016 and are on pace to reach another record level in 2017.
U.S. exports of consumer-oriented products to Trinidad and Tobago have experienced ten percent average annual growth over the past five years, reaching an all-time-high of $237.7 million in 2015.
The Food Marketing Consultants, Inc. with the help of FAS and its partner commodity organizations, penetrated seven Caribbean markets and tripled its exports sales...