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Trinidad and Tobago Trade Summary

2020

Trinidad and Tobago exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR TRINIDAD AND TOBAGO 2020

Overall Exports and Imports for Trinidad and Tobago 2020

Exports and imports of Trinidad and Tobago in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,519 million.
  • The total value of imports (CIF) was 4,876 million.
  • At the HS6 digit level, 2,526 products were exported to 124 countries and 3,658 products were imported from 181 countries.

Trinidad and Tobago top 5 Export and Import partners 2020

Top five countries to which Trinidad and Tobago exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Trinidad and Tobago exports to United States worth US$ 2,192 million, with a partner share of 39.71 percent.
  2. Trinidad and Tobago exports to Guyana worth US$ 496 million, with a partner share of 8.98 percent.
  3. Trinidad and Tobago exports to Brazil worth US$ 204 million, with a partner share of 3.70 percent.
  4. Trinidad and Tobago exports to China worth US$ 154 million, with a partner share of 2.79 percent.
  5. Trinidad and Tobago exports to Spain worth US$ 153 million, with a partner share of 2.77 percent.

Top five countries from which Trinidad and Tobago imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Trinidad and Tobago imports from United States worth US$ 1,829 million, with a partner share of 37.51 percent.
  2. Trinidad and Tobago imports from China worth US$ 491 million, with a partner share of 10.06 percent.
  3. Trinidad and Tobago imports from Brazil worth US$ 254 million, with a partner share of 5.21 percent.
  4. Trinidad and Tobago imports from Japan worth US$ 193 million, with a partner share of 3.96 percent.
  5. Trinidad and Tobago imports from Canada worth US$ 178 million, with a partner share of 3.64 percent.

Trinidad and Tobago Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Trinidad and Tobago along with trade value are:

  1. Trinidad and Tobago exported Methanol (methyl alcohol) , worth 784,578.09 (US$ Thousands).
  2. Trinidad and Tobago exported Petroleum oils and oils obtained from bituminou , worth 730,879.37 (US$ Thousands).
  3. Trinidad and Tobago exported Petroleum oils, etc, (excl. crude); preparation , worth 688,596.86 (US$ Thousands).
  4. Trinidad and Tobago exported Anhydrous ammonia , worth 653,055.96 (US$ Thousands).
  5. Trinidad and Tobago exported Natural gas, liquefied , worth 486,793.80 (US$ Thousands).

The top five imported HS 6 digit level products from world by Trinidad and Tobago along with trade value are

  1. Trinidad and Tobago imported Agglomerated iron ores and concentrates , worth 216,959.92 (US$ Thousands).
  2. Trinidad and Tobago imported Petroleum oils, etc, (excl. crude); preparation , worth 150,842.26 (US$ Thousands).
  3. Trinidad and Tobago imported Cargo vessels nes and other vessels for the tra , worth 134,001.81 (US$ Thousands).
  4. Trinidad and Tobago imported Automobiles with reciprocating piston engine di , worth 127,149.76 (US$ Thousands).
  5. Trinidad and Tobago imported Other medicaments of mixed or unmixed products, , worth 120,171.66 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Trinidad and Tobago in 2020 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2020

Key Development Indicators of Trinidad and Tobago in 2020 are below

  • Trinidad and Tobago GDP in current US dollar was 21,059 million.
  • GNI per capita, Atlas method (current US$) was 13,830.00 .
  • Trinidad and Tobago Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 10.46 .

Trade Indicators 2020

Trade Indicators for Trinidad and Tobago in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 2.71.
  • World Growth in percentage was -3.77 and Trinidad and Tobago Country Growth was -16.25 .