CARIFORUM and UK EPA Study

Table 13: CF Exports to the UK> 1 % of ALL Products Exported ( 2008 to 2020)

Source: ITC and Author’s calculations

While the products exported seem to correspond to the CF region’s natural endowments and comparative advantages (See Appendix V) , the factors that influence the UK’s import demand are also critical. As noted previously, these factors are the expenditure components and relative prices (Vacu & Odhiamb, 2020). Trade in Services

Table 14: Products of the Top Three CF Exporters (SITC) by Rank (2020)

SITC and Description

Total Top 3 Value £'s million.

3 Fuels

142.05 141.76

0 Food & live animals

5 Chemicals

31.67

6 Material manufactures

6.59 4.11 3.32 2.28 0.39 0.15

7 Machinery & transport equipment 8 Miscellaneous manufactures

1 Beverages & tobacco 2 Crude materials 9 Unspecified goods

4 Animal & vegetable oils & fats

0

Source: ONS

The analysis of merchandise trade in 2020 indicated that approximately 77% of the imports into the UK ( CF exports) were accounted for by three countries- Trinidad and Tobago, Dominican

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