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2022
Exports $37.5MWorld Rnk 37 / 128
Flag Rnk 16 / 925
falsefalse China
2021 - 2022
FASTEST GROWING MARKETfalsefalse
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $420MWorld Rnk 34 / 130
Flag Rnk 2 / 1146
2021 - 2022
FASTEST GROWING ORIGINfalseUnited States

About

Exports In 2022, Trinidad and Tobago exported $37.5M in Iron Ore, making it the 37th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 16th most exported product in Trinidad and Tobago. The main destination of Iron Ore exports from Trinidad and Tobago are: China ($37.5M).

Imports In 2022, Trinidad and Tobago imported $420M in Iron Ore, becoming the 34th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 2nd most imported product in Trinidad and Tobago. Trinidad and Tobago imports Iron Ore primarily from: Brazil ($181M), United States ($120M), Canada ($119M), and Ukraine ($135).

The fastest growing import markets in Iron Ore for Trinidad and Tobago between 2021 and 2022 were United States ($661k) and Ukraine ($135).

Latest Trends

Sep 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 Iron Ore. 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)$37.5M
IMPORTS (2022)$420M
NET TRADE (2022)-$383M

In 2022, Trinidad and Tobago exported $37.5M in Iron Ore. The main destinations of Trinidad and Tobago exports on Iron Ore were China ($37.5M).

In 2022, Trinidad and Tobago imported $420M in Iron Ore, mainly from Brazil ($181M), United States ($120M), Canada ($119M), and Ukraine ($135).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Trinidad and Tobago WERE (2021 - 2022):China-$21.8M (-36.8%)
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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 Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Trinidad and Tobago's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $23M
TOP IMPORT POTENTIALUnited States+ $114k

Iron Ore’s highest export potential is China. With an export gap of $23M.   Iron Ore’s highest import potential is United States with an import gap of $114k.

See methodology.

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