Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Figure 4: Top Importers in CARIFORUM, % Share in 2020

Source: ITC Trademap; India Exim Bank Analysis

CARIFORUM’s Top Traded Products

CARIFORUM’s Top Exports The CARIFORUM has majorly two kinds of economies- commodity dependent and services dependent. The commodities dependent economies are- Belize, Guyana, Suriname and Trinidad and Tobago and rest of the economies are services dependent. Table 2 gives a gist of top exporting product categories from the region. In 2020, the top exporting item from the region was mineral fuels and oils with a little over one-fifth of total exports from the region. This was followed by natural or cultured pearls, precious or semi-precious stones, precious metals with a share of 15.9 percent, optical, photographic, cinematographic, medical or surgical equipment (6.6 percent), inorganic chemicals (4.9 percent), and organic chemicals (4.7 percent). The top five product categories accounted for 52.5 percent of total exports from the region in 2020.

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Enhancing India-CARIFORUM Economic Relations and Prospects for Cooperation