The thirty-first edition of the Caribbean Series (Serie del Caribe) was held from February 4 through February 9 of 1989 with the champion baseball teams of the Dominican Republic, Leones del Escogido; Mexico, Águilas de Mexicali; Puerto Rico, Indios de Mayagüez, and Venezuela, Águilas del Zulia. The format consisted of 12 games, each team facing the other teams twice, and the games were played at Estadio Teodoro Mariscal in Mazatlán, Mexico.
| Country | Club | W | L | W/L % | Managers |
.svg){kind=small} Venezuela |
Águilas del Zulia | 5 | 1 | .833 | Pete Mackanin |
.svg){kind=small} Puerto Rico |
Indios de Mayagüez | 4 | 2 | .667 | Tom Gamboa |
 Mexico |
Águilas de Mexicali | 2 | 4 | .333 | Dave Machemer |
 Dominican Republic |
Leones del Escogido | 1 | 5 | .167 | Phil Regan |
| Player | Statistic | ||||
| Batting | |||||
| Matías Carrillo (MEX) | Batting average | .500 | |||
| Phil Stephenson (VEN) | Runs | 6 | |||
| Matías Carrillo (MEX) | Hits | 10 | |||
| Six tied | Doubles | 2 | |||
| Three tied | Triples | 1 | |||
| Phil Stephenson (VEN) | Home runs | 3 | |||
| Ken Caminiti (PUR) Ron Washington (MEX) Phil Stephenson (VEN) |
RBI | 7 | |||
| Pitching | |||||
| Dale Polley (VEN) | Wins | 2 | |||
| Name | Position | ||||
| Joe Girardi (VEN) | Catcher | ||||
| Phil Stephenson (VEN) | First baseman | ||||
| Norman Carrasco (VEN) | Second baseman | ||||
| Carlos Martínez (VEN) | Third baseman | ||||
| Houston Jiménez (MEX) | Shortstop | ||||
| Gerónimo Berroa (DOM) | Left fielder | ||||
| Chris Knabenshue (MEX) | Center fielder | ||||
| Matías Carrillo (MEX) | Right fielder | ||||
| Dale Polley (VEN) | Left handed pitcher | ||||
| Leonard Damian (VEN) | Right handed pitcher | ||||
| Awards | |||||
| Phil Stephenson (VEN) | Most Valuable Player | ||||
| Pete Mackanin (VEN) | Manager | ||||