Caribbean Basin: Retail Foods Annual
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In the Caribbean region, sales value in the retail grocery sector increased by 3 percent in 2023. This is due in part to the rise in tourism in many markets, which is boosting economic growth. The largest grocery retail markets are Trinidad and Tobago, Guadeloupe, and the Bahamas. As more high-income individuals move to some markets and invest in the region, more opportunities for U.S. food and beverage products are being created. U.S. agricultural exports of consumer-oriented products to the region were valued at $1.5 billion last year. For the purposes of this report, the terms “Caribbean” and “Caribbean Basin” refer to the 25 markets covered by the Caribbean Basin Agricultural Trade Office (CBATO), with the exception of Cuba.
