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Exports In 2022, Trinidad and Tobago exported $872M in Iron Reductions, making it the 2nd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 6th most exported product in Trinidad and Tobago. The main destination of Iron Reductions exports from Trinidad and Tobago are: United States ($851M), Germany ($20.9M), China ($283k), Finland ($11.4k), and Norway ($2.42k).

The fastest growing export markets for Iron Reductions of Trinidad and Tobago between 2021 and 2022 were United States ($54.2M), Germany ($13.1M), and China ($283k).

Imports In 2022, Trinidad and Tobago imported $20k in Iron Reductions, becoming the 92nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 994th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Iron Reductions primarily from: United States ($20k).

The fastest growing import markets in Iron Reductions for Trinidad and Tobago between N/A and 2022 were United States ($20k).

Latest Trends

May 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 Reductions. 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)$872M
IMPORTS (2022)$20k
NET TRADE (2022)$872M

In 2022, Trinidad and Tobago exported $872M in Iron Reductions. The main destinations of Trinidad and Tobago exports on Iron Reductions were United States ($851M), Germany ($20.9M), China ($283k), Finland ($11.4k), and Norway ($2.42k).

In 2022, Trinidad and Tobago imported $20k in Iron Reductions, mainly from United States ($20k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
United States$54.2M (6.8%)
Germany$13.1M (167%)
China$283k (1%)

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 Reductions were:
Russia $1.26B
Qatar $625M
In 2022, Trinidad and Tobago's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $4.45M
TOP IMPORT POTENTIALUnited States+ $11.6k

Iron Reductions’s highest export potential is Germany. With an export gap of $4.45M.   Iron Reductions’s highest import potential is United States with an import gap of $11.6k.

See methodology.

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