Africa and Caribbean trade potential could reach $1.65 billion annually by 2030: International Trade Centre (ITC)-Afreximbank report

What happened

A report from the International Trade Centre and Afreximbank says annual trade in goods and services between Africa and the Caribbean could reach $1.65 billion by 2030, excluding mineral fuels. It also finds that around 80% of Africa’s annual goods export potential to the Caribbean remains untapped.

Confirmed

Global impact / market context

The report points to room for stronger trade links, but reaching the forecast would require businesses to turn export opportunities into actual sales. If trade and investment expand, companies in sectors such as agribusiness, manufacturing, services and the creative economy could gain revenue, while increased investment could raise their costs.

Analyst inference

Trade between the regions is described as a small share of each region’s overall trade, despite sectoral complementarities. That gap makes the $1.65 billion figure a potential outcome rather than current business: realizing it depends on promoting trade and investment, not merely on the regions’ shared history or identified opportunities.

Analyst inference

What to watch

1. Further details on the report’s export opportunities would show which goods or services are considered most likely to support trade growth between the regions. Analyst inference
2. Watch for specific trade or investment measures to be announced; the article says growth depends on actively promoting trade and investment but gives no measures. Proposed
3. Actual annual trade figures can indicate whether businesses are converting the report’s identified potential into sales, or whether the 2030 outlook remains unrealized. Analyst inference

Evidence

• eqs-news.com