Africa-Caribbean Trade Potential Could Hit $1.65B by 2030
A joint ITC and Afreximbank report finds 80% of Africa's export potential to the Caribbean remains untapped, with annual trade capable of reaching $1.65 billion.
Annual trade in goods and services between Africa and the Caribbean could reach as much as $1.65 billion by 2030, according to a new report jointly published by the International Trade Centre (ITC) and Afreximbank. The findings were released in St. John's, Antigua and Barbuda, spotlighting a significant economic opportunity that has gone largely unrealized between the two regions.
The report's most striking finding is that roughly 80 percent of Africa's annual goods export potential to Caribbean markets remains untapped. That gap represents a structural underperformance that the two institutions argue could be addressed through deliberate policy alignment, improved trade infrastructure, and stronger institutional partnerships between African and Caribbean economies.
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The ITC and Afreximbank framed the analysis as a call to action for governments and private-sector actors on both sides. By identifying the scale of unrealized trade flows, the report aims to give policymakers a data-driven basis for prioritizing trade facilitation efforts and investment in sectors where complementary strengths exist between African exporters and Caribbean importers.
The release of the report at a Caribbean venue underscores the growing diplomatic and economic interest in South-South trade corridors. As both regions navigate shifting global supply chains and seek to reduce dependence on traditional trading partners, bilateral engagement between Africa and the Caribbean is increasingly viewed as a viable diversification strategy.
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