Carolina, Puerto Rico hosted the Caribbean Series in 2003, and the Dominican Republic's Águilas Cibaeñas claimed the championship with a 6-1 record, finishing ahead of Puerto Rico's Indios de Mayagüez who were the runner-up. Cibaeñas' near-perfect run confirmed their standing as the most dominant club of the modern era.
Champion: Águilas Cibaeñas · Country: Dominican Republic · Host: Carolina, Puerto Rico
It was the 4th Caribbean Series title for Águilas Cibaeñas and the 14th for Dominican Republic, which has won 23 in all.
The 2002 edition was won by Tomateros de Culiacán in Caracas. Tigres del Licey took the 2004 title in Santo Domingo.