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Trinidad and Tobago Trade Summary

2023

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 2023

Overall Exports and Imports for Trinidad and Tobago 2023

Exports and imports of Trinidad and Tobago in 2023 are below, along with number of countries and products

  • The total value of exports (FoB) was 7,864 million.
  • The total value of imports (CIF) was 9,160 million.
  • At the HS6 digit level, 2,609 products were exported to 133 countries and 3,685 products were imported from 170 countries.

Trinidad and Tobago top 5 Export and Import partners 2023

Top five countries to which Trinidad and Tobago exported in 2023 are below, along with the percent of total exports that went to that country:

  1. Trinidad and Tobago exports to United States worth US$ 2,690 million, with a partner share of 34.21 percent.
  2. Trinidad and Tobago exports to China worth US$ 382 million, with a partner share of 4.86 percent.
  3. Trinidad and Tobago exports to Guyana worth US$ 375 million, with a partner share of 4.77 percent.
  4. Trinidad and Tobago exports to Belgium worth US$ 356 million, with a partner share of 4.52 percent.
  5. Trinidad and Tobago exports to Morocco worth US$ 321 million, with a partner share of 4.09 percent.

Top five countries from which Trinidad and Tobago imported goods in 2023 are below, along with percent of total imports that came from the country :

  1. Trinidad and Tobago imports from United States worth US$ 3,990 million, with a partner share of 43.56 percent.
  2. Trinidad and Tobago imports from China worth US$ 720 million, with a partner share of 7.86 percent.
  3. Trinidad and Tobago imports from Italy worth US$ 400 million, with a partner share of 4.36 percent.
  4. Trinidad and Tobago imports from Brazil worth US$ 391 million, with a partner share of 4.27 percent.
  5. Trinidad and Tobago imports from Japan worth US$ 243 million, with a partner share of 2.65 percent.

Trinidad and Tobago Top 5 Productsexports imports at HS 6 digit level 2023

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 1,545,105.09 (US$ Thousands).
  2. Trinidad and Tobago exported Anhydrous ammonia , worth 1,489,395.63 (US$ Thousands).
  3. Trinidad and Tobago exported Petroleum oils and oils obtained from bituminou , worth 1,149,385.61 (US$ Thousands).
  4. Trinidad and Tobago exported Natural gas, liquefied , worth 608,777.09 (US$ Thousands).
  5. Trinidad and Tobago exported Ferrous products obtained by direct reduction o , worth 588,654.52 (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 Petroleum oils, etc, (excl. crude); preparation , worth 3,313,748.69 (US$ Thousands).
  2. Trinidad and Tobago imported Agglomerated iron ores and concentrates , worth 381,060.73 (US$ Thousands).
  3. Trinidad and Tobago imported Automobiles with reciprocating piston engine di , worth 231,458.69 (US$ Thousands).
  4. Trinidad and Tobago imported Other medicaments of mixed or unmixed products, , worth 121,333.30 (US$ Thousands).
  5. Trinidad and Tobago imported Diesel powered trucks with a GVW not exceeding , worth 101,512.22 (US$ Thousands).

Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2023

Tariffs imposed by Trinidad and Tobago in 2023 are below

  • The maximum rate of tariff in percentage on any product was 895.31 percent.
  • The simple average tariff across all products was 10.42 percent.
  • The trade weighted average tariff was 9.14 .
  • The total duty free imports in thousands of US dollars were 3,339,438.77 and duty free tariff line items share was 47.37 percent.

Development Indicators 2023

Key Development Indicators of Trinidad and Tobago in 2023 are below

  • Trinidad and Tobago GDP in current US dollar was 25,489 million.
  • GNI per capita, Atlas method (current US$) was 20,070.00 .
  • Trinidad and Tobago Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 14.79 .

Trade Indicators 2023

Trade Indicators for Trinidad and Tobago in 2023 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.70.
  • World Growth in percentage was -3.13 and Trinidad and Tobago Country Growth was -21.17 .