2023
Exports
$117MWorld Rnk 46 / 221
Flag Rnk 8 / 945
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$257MWorld Rnk 44 / 224
Flag Rnk 5 / 1056

About

Exports In 2023, Trinidad and Tobago exported $117M in Excavation Machinery, making it the 46th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 8th most exported product in Trinidad and Tobago. The main destination of Excavation Machinery exports from Trinidad and Tobago are: Guyana ($101M), Suriname ($15.6M), Netherlands ($541k), United States ($117k), and Barbados ($84.9k).

The fastest growing export markets for Excavation Machinery of Trinidad and Tobago between 2022 and 2023 were Guyana ($101M), Netherlands ($538k), and Oman ($74.1k).

Imports In 2023, Trinidad and Tobago imported $257M in Excavation Machinery, becoming the 44th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 5th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Excavation Machinery primarily from: Guyana ($205M), United States ($34M), Canada ($4.12M), China ($3.34M), and Malaysia ($2.89M).

The fastest growing import markets in Excavation Machinery for Trinidad and Tobago between 2022 and 2023 were Guyana ($205M), Canada ($3.66M), and United States ($2.87M).

Latest Trends

Dec 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 (2023)$117M
IMPORTS (2023)$257M
NET TRADE (2023)-$140M

In 2023, Trinidad and Tobago exported $117M in Excavation Machinery. The main destinations of Trinidad and Tobago exports on Excavation Machinery were Guyana ($101M), Suriname ($15.6M), Netherlands ($541k), United States ($117k), and Barbados ($84.9k).

In 2023, Trinidad and Tobago imported $257M in Excavation Machinery, mainly from Guyana ($205M), United States ($34M), Canada ($4.12M), China ($3.34M), and Malaysia ($2.89M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Trinidad and Tobago WERE (2022 - 2023):
Guyana$101M (74.9k%)
Netherlands$538k (21.8k%)
Oman$74.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Trinidad and Tobago WERE (2022 - 2023):
Suriname-$20.8M (-57.2%)
Denmark-$1.98M (-99.8%)
Senegal-$909k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Trinidad and Tobago's main exporting competitors in Excavation Machinery were:
In 2023, 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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