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Curaçao Export Week Warns Island Economy Remains Vulnerable Despite Slow Diversification

Local, | By Correspondent May 18, 2026

 

WILLEMSTAD – Curaçao’s economy remains structurally vulnerable despite gradual progress in export development and economic diversification, according to participants and policymakers attending the closing of Curaçao Export Week 2026.

The central message of the conference was that Curaçao urgently needs to accelerate diversification efforts in order to reduce its dependence on traditional economic pillars such as tourism and imports.

Organizers said recent analyses by the Central Bank of Curaçao and Sint Maarten (CBCS) confirm that Curaçao is slowly expanding beyond its traditional economic model, but warned that strengthening exports, innovation, and competitiveness remains critical.

During the event, exporters and entrepreneurs highlighted a series of operational challenges facing businesses on the island. These included logistical bottlenecks, high shipping and transport costs, limited connectivity, difficult access to financing, and certification problems that complicate international trade.

Participants also argued that Curaçao still lacks a strong support system specifically designed to assist exporters.

As a result, attendees proposed the creation of regular “Export Clinics,” practical consultation sessions where entrepreneurs, experts, and institutions could work together to solve operational export problems.

The discussions took place against the backdrop of broader economic concerns repeatedly raised by the CBCS in recent months. The central bank has warned that Curaçao remains highly dependent on tourism, imported goods, and external economic conditions, making the island vulnerable to geopolitical shocks, freight disruptions, inflation, and global trade instability.

According to the CBCS Research Agenda 2026–2028, economic diversification and resilience have become strategic priorities for Curaçao and Sint Maarten. The bank specifically identified green industries, digital services, local production, and niche export sectors as potential growth areas for the future.

Export Week also focused on Curaçao’s possible accession to the World Trade Organization (WTO), support for small and medium-sized businesses, digital transformation, regional cooperation, and the potential role of the Curaçao diaspora in economic development.

Participants stressed that economic transformation will require closer collaboration between government, financial institutions, exporters, and educational institutions if Curaçao wants to compete more effectively within the regional and global economy.

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