United States (USA) and Trinidad and Tobago (TTO) Trade

2023

→

Exports $2.06BRnk 66 / 220

2023

→

About

United States-Trinidad and Tobago Trade: In 2023, United States exported $2.06B to Trinidad and Tobago. The main products that United States exported to Trinidad and Tobago were Refined Petroleum ($561M), Animal Food ($45M), and Valves ($38.6M). Over the past 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 1.24%, from $1.94B in 2018 to $2.06B in 2023.

In 2023, United States did not export any services to Trinidad and Tobago.

Trinidad and Tobago-United States Trade: In 2023, Trinidad and Tobago exported $3.26B to United States. The main products that Trinidad and Tobago exported to United States were Crude Petroleum ($1.15B), Iron Reductions ($593M), and Petroleum Gas ($539M). Over the past 5 years the exports of Trinidad and Tobago to United States have decreased at an annualized rate of 1.83%, from $3.57B in 2018 to $3.26B in 2023.

In 2023, Trinidad and Tobago did not export any services to United States.

Comparison In 2023, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Walmart (2), Chevron (2), and Nike (2) were at the forefront of exporting goods from Trinidad and Tobago to the United States. Conversely, Other (9) and Svi ( Aec) Company Limited (1) were notable for importing products to Trinidad and Tobago from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $274M and imported $279M from Trinidad and Tobago, resulting in a negative trade balance of $5.02M. Between November 2023 and November 2024 the exports of United States have decreased by $-30.5M (-10%) from $304M to $274M, while imports increased by $134M (92.2%) from $145M to $279M.

Trade In November 2024, the top exports of United States to Trinidad and Tobago were Refined Petroleum ($15.7M), Commodities not elsewhere specified ($8.16M), Aircraft parts (gliders, balloons, and powered... ($5.81M), Oil Seed Flower ($5.25M), and Wheat ($3.94M). In November 2024 the top imports of United States from Trinidad and Tobago were Ammonia ($91.4M), Petroleum Gas ($87.2M), Crude Petroleum ($73M), Iron Reductions ($55.4M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($38.3M).

Origins In November 2024 the exports of United States were mainly from Texas ($123M), Florida ($44.6M), Alabama ($12.4M), US Virgin Islands ($11.5M), and Georgia ($10.9M), while imports destinations were mainly Texas ($66.9M), Pennsylvania ($58.9M), Ohio ($44.9M), Puerto Rico ($42.4M), and Delaware ($24.3M).

Growth In November 2024, the decrease in United States's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Aircraft parts (gliders, balloons, and powered... ($-112M or -95.1%), Refined Petroleum ($-61.2M or -79.6%), and Commodities not elsewhere specified ($-5.06M or -38.3%). In November 2024, the increase in United States's year-by-year imports from Trinidad and Tobago was explained primarily by an increase in product imports in Other Edible Preparations ($1.2M or 3.04k%), Toilet Paper ($332k or 185%), and Non-fillet Fresh Fish ($310k or 89%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)$-30.5M(-10%)

IMPORT GROWTH (November 2023 - November 2024)$134M(92.2%)

MAIN EXPORTER (November 2024)Texas$123M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Trinidad and Tobago and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and United States Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, United States exported $2.06B to Trinidad and Tobago. The main products exported from United States to Trinidad and Tobago were Refined Petroleum ($561M), Animal Food ($45M), and Valves ($38.6M). During the last 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 1.24%, from $1.94B in 2018 to $2.06B in 2023.

In 2018, Trinidad and Tobago exported $3.26B to United States. The main products exported from Trinidad and Tobago to United States were Crude Petroleum ($1.15B), Iron Reductions ($593M), and Petroleum Gas ($539M). During the last 5 years the exports of Trinidad and Tobago to United States have decreased at an annualized rate of 1.83%, from $3.57B in 2023 to $3.26B in 2018.

Exports from United States () to Trinidad and Tobago () (2023)

Exports from Trinidad and Tobago () to United States () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$269B

Trinidad and Tobago
Top DestinationUnited States$3.26B

This map shows whether countries import more from United States or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from United States and Trinidad and Tobago or the difference in the growth in imports.

In 2023, countries that imported more from United States than Trinidad and Tobago included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, no countries were registered that imported more from Trinidad and Tobago than from United States.

Difference in imports from Trinidad and Tobago () and United States () (2023)

Comparative Advantage United States - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Trinidad and Tobago by product, considering products traded by both, United States and Trinidad and Tobago.

During 2023, United States had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($580M), Machines ($506M), and Foodstuffs ($181M).

During 2018, Trinidad and Tobago had a large net trade with United States in the exports of Mineral Products ($1.69B), Chemical Products ($877M), and Metals ($594M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Trinidad and Tobago+$7.15MCars

Top Product Potential Trinidad and Tobago United States+$584MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Trinidad and Tobago. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over United States.

Product Space of United States () and Trinidad and Tobago () (2023)

Keep Exploring

United States
Turks and Caicos Islands
United States
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Trinidad and Tobago
British Virgin Islands
Trinidad and Tobago