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The Caribbean Basin region continues to experience growth, driven primarily by the steady rise in tourism, which in turn impacts consumer demand.
Eager to put the COVID-19 pandemic behind it, the Caribbean is doing all it can to attract visitors and kick-start its tourism sector in 2021.
Global lentil exports in 2020 jumped from $1 billion to $2.6 billion compared to the year before. Canada and Australia led the surge, accounting for more than three-fourths of the exports. Lentil exports peaked at $2.7 billion in 2015 but drifted lower through 2019, primarily due to reduced shipments from Canada to India and Turkey and from the United States to Canada and India.
After exporting a record-high $1.1 billion in consumer-oriented agricultural products to the Caribbean in 2019, U.S. suppliers saw the COVID-19 pandemic take a toll on Caribbean demand...
The Caribbean tourism industry and the hotel/restaurant food service sector have been significantly impacted in both the near and long-term as a result of COVID-19.
In 2018, the United States exported over $1 Billion in U.S. consumer-oriented products to the Caribbean Basin.
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 $80 million in 2017 and are on pace to reach another record level in 2018.
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.
The United States exported over $1 Billion in U.S. consumer-oriented foods and fish products to the Caribbean Basin in 2016.
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.