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Trinidad and Tobago Trade Summary

2021

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 2021

Overall Exports and Imports for Trinidad and Tobago 2021

Exports and imports of Trinidad and Tobago in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 8,620 million.
  • The total value of imports (CIF) was 5,761 million.
  • At the HS6 digit level, 2,571 products were exported to 123 countries and 3,669 products were imported from 188 countries.

Trinidad and Tobago top 5 Export and Import partners 2021

Top five countries to which Trinidad and Tobago exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Trinidad and Tobago exports to United States worth US$ 3,586 million, with a partner share of 41.60 percent.
  2. Trinidad and Tobago exports to Guyana worth US$ 577 million, with a partner share of 6.70 percent.
  3. Trinidad and Tobago exports to Mexico worth US$ 372 million, with a partner share of 4.32 percent.
  4. Trinidad and Tobago exports to France worth US$ 315 million, with a partner share of 3.65 percent.
  5. Trinidad and Tobago exports to Belgium worth US$ 307 million, with a partner share of 3.56 percent.

Top five countries from which Trinidad and Tobago imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Trinidad and Tobago imports from United States worth US$ 1,996 million, with a partner share of 34.65 percent.
  2. Trinidad and Tobago imports from China worth US$ 606 million, with a partner share of 10.51 percent.
  3. Trinidad and Tobago imports from Mexico worth US$ 404 million, with a partner share of 7.01 percent.
  4. Trinidad and Tobago imports from Brazil worth US$ 323 million, with a partner share of 5.61 percent.
  5. Trinidad and Tobago imports from Canada worth US$ 260 million, with a partner share of 4.51 percent.

Trinidad and Tobago Top 5 Productsexports imports at HS 6 digit level 2021

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 Anhydrous ammonia , worth US$ 1,687,757.23 million.
  2. Trinidad and Tobago exported Methanol (methyl alcohol) , worth US$ 1,530,786.04 million.
  3. Trinidad and Tobago exported Petroleum oils and oils obtained from bituminou , worth US$ 1,181,693.77 million.
  4. Trinidad and Tobago exported Ferrous products obtained by direct reduction o , worth US$ 795,448.67 million.
  5. Trinidad and Tobago exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 613,256.22 million.

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 US$ 483,582.32 million.
  2. Trinidad and Tobago imported Structures and parts of structures,i or s , worth US$ 305,949.38 million.
  3. Trinidad and Tobago imported Other medicaments of mixed or unmixed products, , worth US$ 120,989.19 million.
  4. Trinidad and Tobago imported Cargo vessels nes and other vessels for the tra , worth US$ 115,601.63 million.
  5. Trinidad and Tobago imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 110,380.19 million.

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Trinidad and Tobago in 2021 are below

  • The maximum rate of tariff in percentage on any product was 875.37 percent.
  • The simple average tariff across all products was 10.42 percent.
  • The trade weighted average tariff was 8.87 .
  • The total duty free imports in thousands of US dollars were 3,361,228.81 and duty free tariff line items share was 47.47 percent.

Development Indicators 2021

Key Development Indicators of Trinidad and Tobago in 2021 are below

  • Trinidad and Tobago GDP in current US dollar was 24,460 million.
  • GNI per capita, Atlas method (current US$) was 15,000.00 .
  • Trinidad and Tobago Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 11.14 .

Trade Indicators 2021

Trade Indicators for Trinidad and Tobago in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.17.
  • Index of export market penetration was 2.38.
  • World Growth in percentage was 12.59 and Trinidad and Tobago Country Growth was 21.75 .