By NAN STAFF WRITER
News Americas, NEW YORK, NY, Mon. Nov. 4, 2019: While the Economic Commission for Latin America and the Caribbean, (ECLAC) said last week that the export values of 13 of the 16 countries of the Caribbean are projected to grow, driven mainly by volume expansion in its latest report, “International Trade Outlook for Latin America and the Caribbean 2019,” the spotlight puts the emphasis squarely on transshipment from the region and where it stacks up.
Here are the Top Caribbean countries for Transshipment according to ECLAC that you should know:
1: The Bahamas
4: The Dominican Republic
6: Trinidad and Tobago
Global container trade represents an important contribution to regional trade. The region also occupies a central position on major global trade routes, with some of the region’s ports strategically placed and playing an important role in container transshipment. In fact, transshipment represents 22% of all port movements in the Caribbean. In two countries of the region – The Bahamas and Jamaica – transshipment represents over 80 percent of the country’s total throughput.