CARIFORUM and UK EPA Study

iii.

Analysis of CARIFORUM’s Commercial Services Trade Trends

Figure 26: Major CF Commercial Services Exporters

Dominican Republic

Jamaica

Trinidad and Tobago

Source: WTO Statistical Database Figure 26 above indicates that, among the top five CARIFORUM countries, the top ranked Dt oot ma l i ns ei cravni c Re se peuxbploi cr tssumf f ei nr euds tghoevseirnngml eelnatr gseesrtv idceecsl i enxepionr ct )o ma mmoenr cgi aCl AsRe rI Fv Oi cRe sU eMx pSot ar ttse s( i .oen. , aitcsc2o0u1n8t oafntdh2e0g1lo9blaelvCeOlsV. ID-19 pandemic, falling by over US$4 billion or almost 60% below Jamaica’s commercial services exports in 2020 also declined by a little more than half (51%), following stellar growth of 13% in 2019, though with a decline of only US$2 billion, while fourth placed Trinidad and Tobago 46 experienced a smaller decline in the value of its commercial services exports due to COVID-19, though with a still impactful fall of almost two-fifths (39%) of its global exports. Barbados rounded out the top five commercial services exporters registering a decline of 47% in commercial exports in 2020, thereby solidifying the stultifying effect that the pandemic

46 Data for 3 rd placed Bahamas was not reported up to 2020.

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