Africa-Caribbean Trade Could Hit $1.65 Billion by 2030, Report Finds
A joint ITC-Afreximbank report says 80% of Africa's export potential to the Caribbean remains untapped, with annual trade capable of reaching $1.65B.
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 produced by the International Trade Centre and Afreximbank. The findings were released in St. John's, Antigua and Barbuda, underscoring growing institutional interest in deepening economic ties between the two regions.
The report's most striking finding is that roughly 80% of Africa's annual goods export potential to the Caribbean currently goes unrealized. That gap points to a significant structural opportunity — one that policymakers, trade bodies, and private-sector actors on both sides could move to close over the coming years.
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The ITC-Afreximbank analysis frames the $1.65 billion figure as a ceiling achievable by 2030, suggesting that with the right trade facilitation measures, logistics improvements, and policy alignment, the two regions could dramatically expand their commercial relationship within a relatively short timeframe. The report excludes certain categories of trade from that projection, though the full scope of those exclusions was not detailed in the summary release.
The publication arrives at a moment when both African and Caribbean nations are actively seeking to diversify trade partnerships beyond traditional Western markets. Regional institutions like Afreximbank have increasingly positioned themselves as catalysts for South-South trade, providing financing and analytical frameworks to support emerging corridors that have historically been underserved by global commerce infrastructure.
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