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
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.
Demand for U.S. consumer-oriented products in the Caribbean region reached $1.5 billion in 2022, a 26 percent gain compared to the previous year.
Over a dozen Caribbean countries are Parties to the Cartagena Protocol on Biosafety. With an aim toward meeting their obligations under this agreement, many have been working toward establishing their National Biosafety Frameworks for many years.
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.