2023
Exports
$617MWorld Rnk 3 / 99
Flag Rnk 5 / 945
falsefalse United States
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2023
Imports
$20kWorld Rnk 0 / 0
Flag Rnk 0 / 0

About

Exports In 2023, Trinidad and Tobago exported $617M in Iron Reductions, making it the 3rd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 5th most exported product in Trinidad and Tobago. The main destination of Iron Reductions exports from Trinidad and Tobago are: United States ($593M) and Germany ($24M).

Imports In 2022, Trinidad and Tobago imported $20k in Iron Reductions, becoming the 0th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 0th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Iron Reductions primarily from: N/A.

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 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 (2023)$617M
IMPORTS (2022)$20k
NET TRADE (2023)$617M

In 2023, Trinidad and Tobago exported $617M in Iron Reductions. The main destinations of Trinidad and Tobago exports on Iron Reductions were United States ($593M) and Germany ($24M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Trinidad and Tobago WERE (2022 - 2023):
United States-$250M (-29.7%)
China-$330k (-100%)
Germany-$138k (-0.57%)

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 Iron Reductions were:
India $701M
In 2023, 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
View
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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