This is a best prospect industry sector for this country.
Overview
With U.S. exports totaling $368 million in 2021, TT is the second largest market in the English-speaking Caribbean for U.S. agricultural exports. Domestic agricultural production is limited due to various factors including land space and natural disasters like drought and flooding. As a result, TT is heavily dependent upon food imports with roughly 40 percent of imported food originating in the United States. The gradual reopening of the economy as the impact of the COVID-19 pandemic diminished is a welcome development for hospitality related establishments currently experiencing an increase in sales after spending months closed throughout 2021. Rising commodity prices due to worldwide conditions are likely to impact further growth in agricultural exports through the end of 2022.
Leading Sub-Sectors
- Wheat
- Poultry & poultry products
- Meals & fodders
- Dairy
- Eggs
- Fruits & vegetables
- Processed foods
Opportunities
Demand for organic products remains high despite inflationary pressures. Post also notes increased demand for mutton.
Resources
Ministry of Agriculture, Land and Fisheries https://agriculture.gov.tt/
Chemistry, Food and Drug Division https://health.gov.tt/services/chemistry-food-and-drugs-division
Supermarket Association https://satthq.com/
U.S. Department of Agriculture Foreign Agricultural Service
Caribbean Basin Agricultural Trade Office (CBATO)
Candice Bruce, Director
Omar González, International Trade Specialist