Thank you for your interest inthis ECLAC publication Please register if you would like to receive information on our editorialproducts and activities. When you register, you may specify your particularareas of interest and you will gain access to our products in other formats. Click on the link below for our social networks andother channels for accessing our publications: https://bit.ly/m/CEPAL ECONOMIC COMMISSIONFOR LATIN AMERICAAND THE CARIBBEAN United States-Latin Americaand the CaribbeanTrade Developments Trade patterns and opportunitiesin the Caribbean This document was prepared by Daniel E. Perrotti, Research Assistant with the Economic Commission for LatinAmerica and the Caribbean (ECLAC) office in Washington, D.C., under the supervision of Helvia Velloso, Officer inCharge of the same office. This special issue ofUnited States-Latin America and the Caribbean Trade Developmentsprovides an overview of traderelations between the United States and the Caribbean for the period 2021–2024. The United Nations and the countries it represents assume no responsibility for the content of links to external sitesin this publication. Mention of any firm names and commercial products or services does not imply endorsement by the United Nationsor the countries it represents. The views expressed in this document, which has been reproduced without formal editing, are those of the authorsand do not necessarily reflect the views of the Organization or the countries it represents. United Nations publicationLC/WAS/TS.2025/8Distribution: LCopyright © United Nations, 2025All rights reservedPrinted at United Nations, SantiagoS.2500795[E] This publication should be cited as: Economic Comission for Latin America and the Caribbean. (2025).United States-Latin America and the Caribbean Trade Developments: trade patterns and opportunities in the Caribbean(LC/WAS/TS.2025/8). Applications for authorization to reproduce this work in whole or in part should be sent to the Economic Commission for LatinAmerica and the Caribbean (ECLAC), Documents and Publications Division, publicaciones.cepal@un.org. Member States andtheir governmental institutions may reproduce this work without prior authorization, but are requested to mention the sourceand to inform ECLAC of such reproduction. Contents Introduction........................................................................................................................................ 5I. Trade in goods...................................................................................................................................7A. General evolution..........................................................................................................................7B. Exports by sectors and main products .........................................................................................10C. Imports by sectors and main products ......................................................................................... 11D. Concentration analysis................................................................................................................ 131. Herfindahl-Hirschman Index ....................................................................................................142. Lorenz Curve and Trade Distribution........................................................................................16II. Trade in services.............................................................................................................................19III. Conclusions...................................................................................................................................23Bibliography.......................................................................................................................................25 Tables Table 1Trade in Goods between the U.S. and the Caribbean............................................................ 8Table 2Top 30 Products Exported from the U.S. to the Caribbean .................................................. 11Table 3Top 30 Products Imported to the U.S. from the Caribbean .................................................. 13 Figures Figure 1United States Trade in Goods and Services with the Caribbean, 2021-2024 ........................ 5Figure 2Trade in Goods between the U.S. and the Caribbean, 2021-2024........................................ 8Figure 3Balance of Trade in Goods between the U.S. and the Caribbean, 2021-2024....................... 8Figure 4Trade in Goods between the U.S. and the Caribbean by country, average 2021-2024 ......... 9Figure 5Herfindahl-Hirschman Index (HHI) for United States exports, 2021-2024...........................15Figure 6Herfindahl-Hirschman Index (HHI) for U.S. Imports, 2021-2024 .........................................16Figure 7Lorenz Curve of United States exports ...............................................................................