2022
Exports
$8.46MWorld Rnk 78 / 221
Flag Rnk 39 / 925
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$140MWorld Rnk 60 / 224
Flag Rnk 4 / 1146

About

Exports In 2022, Trinidad and Tobago exported $8.46M in Excavation Machinery, making it the 78th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 39th most exported product in Trinidad and Tobago. The main destination of Excavation Machinery exports from Trinidad and Tobago are: Suriname ($4.7M), Denmark ($1.98M), Senegal ($909k), Norway ($227k), and United States ($130k).

The fastest growing export markets for Excavation Machinery of Trinidad and Tobago between 2021 and 2022 were Denmark ($1.97M), Senegal ($726k), and Suriname ($254k).

Imports In 2022, Trinidad and Tobago imported $140M in Excavation Machinery, becoming the 60th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 4th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Excavation Machinery primarily from: Suriname ($75M), United States ($41.6M), South Korea ($5.11M), China ($4.6M), and United Kingdom ($2.72M).

The fastest growing import markets in Excavation Machinery for Trinidad and Tobago between 2021 and 2022 were Suriname ($31M), South Korea ($4.97M), and Germany ($1.37M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.46M
IMPORTS (2022)$140M
NET TRADE (2022)-$131M

In 2022, Trinidad and Tobago exported $8.46M in Excavation Machinery. The main destinations of Trinidad and Tobago exports on Excavation Machinery were Suriname ($4.7M), Denmark ($1.98M), Senegal ($909k), Norway ($227k), and United States ($130k).

In 2022, Trinidad and Tobago imported $140M in Excavation Machinery, mainly from Suriname ($75M), United States ($41.6M), South Korea ($5.11M), China ($4.6M), and United Kingdom ($2.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
Denmark$1.97M (13.4k%)
Senegal$726k (397%)
Suriname$254k (5.71%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Trinidad and Tobago WERE (2021 - 2022):
United States-$23.8M (-99.5%)
Mexico-$3.64M (-100%)
United Kingdom-$2.34M (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Trinidad and Tobago's main exporting competitors in Excavation Machinery were:
In 2022, Trinidad and Tobago's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $418k
TOP IMPORT POTENTIALChina+ $2.73M

Excavation Machinery’s highest export potential is United States. With an export gap of $418k.   Excavation Machinery’s highest import potential is China with an import gap of $2.73M.

See methodology.

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