1-800-789-3062

8 Caribbean Nations That Import Alot Of Food

Published on Sep 22 2016, at 9:34 pm

Caribbean-Market

The Caribbean may have tons of delicious local fruits and vegetables but its food import bill is extremely high.

Compiled By NAN Editorial Team

News Americas, NEW YORK, NY, Fri. Sept. 23, 2016:   One in 6 people in the word rely on imports to feed them today and the Caribbean region is no exception. It continues to import most of its food even though most of the land is fertile and prime for agricultural exports. The total food imports for the Caribbean and Latin America regions were put at over USD 67 billion in 2014. More than US$2 billion is spent on the annual food import bill by Caricom countries alone which have a combined population of only six million people. Here are 8 Caribbean nations that import most of its food according to latest data from the Food and Agricultural Organization, (FAO) and the World Trade Organization (WTO):

1: Cuba

Cuba is the number one importer of food with a bill of USD 1.8 billion in 2014 alone. By contrast, the island’s food export was put at USD just 499 million.

2: Dominican Republic

The Dominican Republic may have a thriving food export market but it still imports a lot of its food – in fact the second highest of any Caribbean island with a food import bill according to latest figures at USD 1.4 billion in 2014. That same year, the DR exported USD 793 million in food.

3: The Bahamas

According to latest data available, The Bahamas’ food imports were valued at $1.1 billion worth. Of this amount, approximately 60 to 70  percent is channeled toward the retail sector, while the remaining 30 to 40 percent is directed toward the  hotel, restaurant, and institutional (HRI) food service sector.

4: Haiti

Haiti imports a whopping USD 911 million in food to the island for its population of 10.2 million people. By contrast, its food export is only USD 18 million as of 2014.

5: Jamaica

Jamaica’s food import as of 2014 was put at USD 824 million for its population of 2.7 million. Its food export was far less, at just US $234 million.

6: Trinidad & Tobago

The twin-island Republic of Trinidad and Tobago imported USD 756 million in food in 2014 alone for its population of 1.3 million while it exported only a fraction of that amount – only a meager USD 114 million.

7: Barbados

Barbados’ food imports in one year were put at USD 242 million compared to its food export total of US $47 million.

8: Guyana

Guyana, a country of 83,000 square miles of agri-rich farm land that was once positioned as the bread basket of the Caribbean today imports USD 202 million of food according to the FAO data. By contrast, however, the country’s food exports was put at USD 387 – not as bad as many other neighboring islands and definitely more than its imports.

 

 


Leave a comment