2021
Exports | Imports
$41.3M | $183MWorld Rnk 59 / 220
Flag Rnk 15 / 983
World Rnk 48 / 225
Flag Rnk 4 / 1138
2021
PRODUCT COMPLEXITY IN Excavation Machinery
1.02Rnk 161 / 1024

About

Exports In 2021, Trinidad and Tobago exported $41.3M in Excavation Machinery, making it the 59th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 15th most exported product in Trinidad and Tobago. The main destination of Excavation Machinery exports from Trinidad and Tobago are: United States ($24.4M), Suriname ($4.26M), Mexico ($3.64M), United Kingdom ($2.36M), and Guyana ($1.51M).

The fastest growing export markets for Excavation Machinery of Trinidad and Tobago between 2020 and 2021 were Ghana ($794k), Spain ($561k), and Norway ($415k).

Imports In 2021, Trinidad and Tobago imported $183M in Excavation Machinery, becoming the 48th 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: United States ($111M), Suriname ($44M), Brazil ($8.02M), China ($3.34M), and United Kingdom ($2.94M).

The fastest growing import markets in Excavation Machinery for Trinidad and Tobago between 2020 and 2021 were United States ($17.4M), Brazil ($7.57M), and France ($1.12M).

Latest Trends

Dec 2023

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 (2021)$41.3M
IMPORTS (2021)$183M
NET TRADE (2021)-$141M

In 2021, Trinidad and Tobago exported $41.3M in Excavation Machinery. The main destinations of Trinidad and Tobago exports on Excavation Machinery were United States ($24.4M), Suriname ($4.26M), Mexico ($3.64M), United Kingdom ($2.36M), and Guyana ($1.51M).

In 2021, Trinidad and Tobago imported $183M in Excavation Machinery, mainly from United States ($111M), Suriname ($44M), Brazil ($8.02M), China ($3.34M), and United Kingdom ($2.94M).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Trinidad and Tobago WERE (2020 - 2021):
Ghana$794k (1.15k%)
Spain$561k (1%)
Norway$415k (283%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Trinidad and Tobago WERE (2020 - 2021):
United States-$68.9M (-73.9%)
Suriname-$5.61M (-56.9%)
United Kingdom-$3.37M (-58.9%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Trinidad and Tobago's main exporting competitors in Excavation Machinery were:
In 2021, Trinidad and Tobago's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

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