Trade Trend

In 2023, Trinidad and Tobago's total export value is 7.82Billion USD, total import value is 9.11Billion USD, Deficit is -1.29Billion USD, and foreign trade dependency is 0.601. In 2023，Trinidad and Tobago's top export products are Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(1.54Billion USD), Ammonia; anhydrous or in aqueous solution(1.48Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(1.14Billion USD), top export destinations are United States(2.46Billion USD), China(380.25Million USD), Guyana(373.26Million USD). In 2023, Trinidad and Tobago's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.30Billion USD), Iron ores and concentrates; including roasted iron pyrites(378.95Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(337.71Million USD), top import origins are United States(3.90Billion USD), China(715.97Million USD), Italy(397.61Million USD).

Comparing to 2022, Trinidad and Tobago's total export value decreased -5.40Billion USD(-40.85%) in 2023, this could result from its export decreases of products such as Ammonia; anhydrous or in aqueous solution(-2.25Billion USD or -60.29%), Petroleum oils and oils obtained from bituminous minerals; crude(-917.28Million USD or -44.52%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-506.36Million USD or -53.33%) and export decreases to countries/economics such as United States(-2.43Billion USD or -49.72%), Belgium(-479.67Million USD or -57.55%), Morocco(-431.43Million USD or -57.45%). Comparing to 2022, Trinidad and Tobago's total import value increased 2.90Billion USD(46.81%) in 2023, this could result from its import increases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(3.26Billion USD or 8.57Thousands%), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(167.47Million USD or 98.38%), Tugs and pusher craft(82.25Million USD or 6.57Thousands%), and its import increases from countries/economies such as United States(1.47Billion USD or 60.41%), Italy(314.00Million USD or 375.57%), Bonaire Sint Eustatius and Saba(146.74Million USD or 29.61Thousands%).

Cumulated to first 7 months of 2024, Trinidad and Tobago's total export value is 3.64Billion USD, total import value is 3.65Billion USD, and tradedeficit is -13.49Million USD. Cumulated to first 7 months of 2024, Trinidad and Tobago's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(898.58Million USD), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(719.23Million USD), Ammonia; anhydrous or in aqueous solution(514.30Million USD), and top export destinations are United States(1.66Billion USD), Belgium(204.55Million USD), Guyana(165.22Million USD). Cumulated to first 7 months of 2024, Trinidad and Tobago's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(898.58Million USD), Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives(719.23Million USD), Ammonia; anhydrous or in aqueous solution(514.30Million USD), and top import origins areUnited States(1.25Billion USD), China(502.97Million USD), Brazil(195.81Million USD).