Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

CARIFORUM’s Top Trading Countries

Top Exporting Countries In 2020, the CARIFORUM countries exported merchandise goods worth US$ 25 billion. Dominican Republic with a share of 40 percent was the largest exporter from the region. Dominican Republic was followed by Trinidad and Tobago, with 27 percent of exports, Guyana (11 percent), Suriname (7 percent), and The Bahamas (4 percent). The top five exporting countries together accounted for over 88 percent of total exports from the region in the year 2020 (Figure 3) .

Figure 3: Top Exporters in CARIFORUM, % Share in 2020

Source: ITC Trademap; India Exim Bank Analysis

Top Importing Countries On the other hand, the countries collectively imported merchandise goods worth US$ 42.4 billion in 2020, and Dominican Republic with a share of 36.7 percent in the total imports stood as the top importer in the region in 2020. Dominican Republic was followed by The Bahamas (13.9 percent of total imports in 2020), Trinidad and Tobago (11.8 percent), Jamaica (9.5 percent), and Haiti (7.8 percent). The top five importing countries together accounted for around 80 percent of total imports to the region in 2020 (Figure 4) .

International Trade Scenario of the CARIFORUM Countries

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