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Caribbean Community

Exports (2022)$43.7B
Imports (2022)$47.1B
Main Exporter (2022)Guyana $18.5B
Main Importer (2022)Bahamas$8.55B
Internal Trade (2022)6.17%of total trade

About

Overview CARICOM (Caribbean Community) is an International Organization composed by Guyana, Trinidad and Tobago, Suriname, Bahamas, Jamaica, Haiti, Cayman Islands, Belize, Barbados, British Virgin Islands, Antigua and Barbuda, Saint Vincent and the Grenadines, Bermuda, Saint Lucia, Saint Kitts and Nevis, Turks and Caicos Islands, Grenada, Anguilla, Dominica, and Montserrat. In 2022, CARICOM exported $43.7B (0.18% of global exports) and imported $47.1B (0.2% of global imports). Its largest exporter, Guyana exported $18.5B, which corresponds to 42.3% of the total exports. On the other hand, the largest importer, Bahamas, imported $8.55B, which is 18.1% of the total imports of Caribbean Community.

Trade In 2022, CARICOM's most exported products were Petroleum oils, oils from bituminous minerals, crude ($18.2B), Anhydrous ammonia ($3.53B), Natural gas, liquefied ($2.95B), Oils petroleum, bituminous, distillates, except crude ($2.7B), and Gold in unwrought forms non-monetary ($2.62B). The same year, the most imported products were Oils petroleum, bituminous, distillates, except crude ($10.8B), Motorboats, other than outboard motorboats ($1.14B), Cargo vessels other than tanker or refrigerated ($783M), Tankers ($747M), and Petroleum oils, oils from bituminous minerals, crude ($648M).

Partners In 2022, CARICOM's exports went primarly to United States ($11.2B), Panama ($6.09B), Netherlands ($3.3B), United Arab Emirates ($1.81B), and Germany ($1.76B). The same year, CARICOM's imported primarily from United States ($19.8B), China ($4.58B), Brazil ($1.56B), Italy ($1.47B), and Dominican Republic ($1.42B).

Historical Data

Organization Composition

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Flow
Y-AXIS SCALE
Value

The following section shows the trade patterns over time for all the countries that comprise the organization, using historical dataset.

Yearly Exports of CARICOM

Internal Trade

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Depth
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Internal Trade includes all trade between the countries that comprise this organization.

In 2022, the top internal exports of CARICOM were Refined Petroleum ($583M), Petroleum Gas ($323M), Rice ($149M), Flavored Water ($120M), and Excavation Machinery ($85.2M).

The same year, the principal destinations of internal exports were Jamaica ($675M), Guyana ($488M), Trinidad and Tobago ($306M), Barbados ($265M), and Suriname ($233M).

Internal Exports (2021)
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Internal Destinations (2021)
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External Trade

Flow
Depth

External trade includes all world trade excluding the countries that comprise this organization.

In 2022, the top external exports of CARICOM were United States ($11.2B), Panama ($6.09B), Netherlands ($3.3B), United Arab Emirates ($1.81B), and Germany ($1.76B).

The same year, the principal destinations of external exports were Crude Petroleum ($18.1B), Ammonia ($3.53B), Gold ($3.39B), Petroleum Gas ($2.81B), and Refined Petroleum ($2.11B).

External Exports (2021)
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External Destinations (2021)
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Total Trade

Flow
Color
Depth
Top Export (2022)Crude Petroleum$18.2B
Top Destination (2022)United States$11.2B

In 2022, CARICOM exported a total of $43.7B. During the last five reported years the exports of CARICOM have changed by $19.6B from $24.1B in 2017 to $43.7B in 2022.

The most recent exports are led by Crude Petroleum ($18.2B), Ammonia ($3.53B), Gold ($3.39B), Petroleum Gas ($3.14B), and Refined Petroleum ($2.7B). The most common destination for the exports of CARICOM are United States ($11.2B), Panama ($6.09B), Netherlands ($3.3B), United Arab Emirates ($1.81B), and Germany ($1.76B).

Exports (2021)
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Destinations (2021)
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Largest Export by Country

Indicator

The following visualization shows the principal export per country, the product which has grown the most over the past 5 years or the product in which the country has a higher level of specialization, measured by the RCA Index.

Biggest export by country (2021)

Trade between organizations

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Color
Depth

This visualization show trade between international organizations. The default selection shows the trade with the rest of the world.

Exports (2021)

Destinations (2021)

Economic Complexity

Complexity and Country Indicators

Indicator

This visualization compares the Economic Complexity Index (ECI) with different indicators about country development such as GDP per capita or Inflation. For more information about ECI, check the Methods page.

In 2022, the countries with higher complexity that belong to Caribbean Community were Jamaica (-0.15).

On the other hand, the countries with higher GDP per capita were Bermuda ($119k), Bahamas ($31.5k), Turks and Caicos Islands ($24.9k), Saint Kitts and Nevis ($20.2k), and Barbados ($20k).

Finally, the biggest exporters of CARICOM were Guyana ($18.5B), Trinidad and Tobago ($13.9B), Suriname ($2.94B), Bahamas ($2.83B), and Jamaica ($1.95B).

GDP per capita v/s ECI for countries that comprise Caribbean Community (2022)

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