Business Opportunities in the Caribbean Market:

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Business Opportunities in the Caribbean
Market Trinidad Tobago
March 11, 2009
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The Caribbean region imports 20.3 billion of US
products and services
Dominican Republic US6.60 billion
Barbados US498 million
Jamaica US2.64 billion
The Bahamas US2.76 billion
- 26 Markets, 41 million people - Total imports
53 billion - Regional GDP growth 4.6 - US
import market share 38
Trinidad Tobago US2.25 billion
Source U.S. Import and Export Merchandise trade
statistics. December 2008
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Caribbean Region A Sizeable Export Market
Italy US13.3
Caribbean US20.3
Malaysia US11.3
Chile US10.6
Australia US19.2
India US16.4
Brazil US27.8
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
• 3rd Largest Market in Latin America for
  U.S. Exports 
• Cooperative Trade Relationship
• Free Trade
• Regional Integration

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The Bahamas HIGHLIGHTS

• Population 307 thousand
• GDP 6.58 billion
• GDP growth 3.1
• Bilateral Trade US/Bahamas 3.07 billion
• Imports from US 2.34 million
• 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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Best prospects sectors in The Bahamas

• Hotel Restaurants Equipment
• Travel Tourism Services
• Financial Services
• Computers Electronics
• Medical Equipment Supplies
• Telecommunication Equipment
• Building Products

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Barbados HIGHLIGHTS

• Population 281 thousand
• GDP 5.31 billion
• GDP growth 3.8
• Bilateral Trade US/Barbados 538 million
• Imports from US 498 million
• US Imports Market Share 35.9

Sources U.S. Import and Export Merchandise
trade statistics. December 2008
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Best prospect in sectors Barbados

• Telecommunications Equipment Building
  Products Computers and Peripherals Household
  Consumer Goods Hotel and Restaurant Equipment
  Sporting Goods and Recreational Equipment

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Dominican Republic HIGHLIGHTS

• Population 9.36 million
• GDP 36.4 billion
• GDP growth 4.8
• Bilateral Trade US/DR 14.8 billion
• Imports from US 6.16 billion
• US Imports Market Share 48
• Ranking for U.S. Exports to WH 8th Largest

Sources U.S. Import and Export Merchandise
trade statistics. October 2008 Central Bank of
the Dominican Republic
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Best prospect in sectors Dominican Republic

• Building Products
• Automobiles Parts Services
• Air Conditioning and Refrigeration Equipment
• Medical Equipment
• Hotel and Restaurant Equipment
• Printing and Graphic Art Equipment and Supplies
• Computers Peripherals
• Telecommunication Equipment
• Renewable Energy
• Travel and Tourism Services

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Jamaica HIGHLIGHTS

• Population 2.67 million
• GDP 9.7 billion
• GDP growth 2.5
• 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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Best prospect sectors Jamaica

• Building Products
• Telecommunications Equipment
• Safety and Security Equipment
• Drugs/Pharmaceuticals
• Automotive Parts and Service Equipment
• Tourism-related Activities
• Non-traditional Agriculture and Agribusiness
• Information and Communications Technology

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Trinidad Tobago HIGHLIGHTS

• Population 1.3 million
• GDP 20.9 billion
• GDP growth 5.5
• Bilateral Trade US/TT 11.3 billion
• Imports from US 2.3 billion
• US Imports Market Share 28.2

Sources U.S. Import and Export Merchandise
trade statistics. December 2008
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Best prospect sectors Trinidad Tobago

• Oil and Gas Field Machinery and Services
• Automotive Parts and Services
• Telecommunication Equipment
• Computers and Peripherals
• Construction Equipment - Heavy
• Tourism Services

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Our Services

• Standardized Services
• Gold Key Service
• International Partner Search
• International Company Profile
• Customized Market Research

www.BuyUSA.gov/caribbean
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Contact us !
Robert O. Jones, Jr. Commercial Counselor For the
Caribbean Region
Maria Elena Portorreal Senior Commercial
Specialist For the Caribbean Region
Tel [phone] Fax [phone] Santo.domin
go.office.box_at_mail.doc.gov
www.BuyUSA.gov/caribbean