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Exports In 2023, Trinidad and Tobago exported $568M in Refined Petroleum, making it the 74th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Trinidad and Tobago. The main destination of Refined Petroleum exports from Trinidad and Tobago are: Barbados ($348M), Guyana ($121M), Belgium ($55.9M), China ($21.3M), and Dominica ($9.88M).

The fastest growing export markets for Refined Petroleum of Trinidad and Tobago between 2022 and 2023 were Barbados ($110M), China ($21.3M), and Saint Vincent and the Grenadines ($99.8k).

Imports In 2023, Trinidad and Tobago imported $686M in Refined Petroleum, becoming the 128th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Trinidad and Tobago. Trinidad and Tobago imports Refined Petroleum primarily from: United States ($561M), Belgium ($113M), France ($3.62M), Netherlands ($1.57M), and Jamaica ($1.47M).

The fastest growing import markets in Refined Petroleum for Trinidad and Tobago between 2022 and 2023 were United States ($459M), Belgium ($103M), and France ($3.47M).

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 Refined Petroleum. 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)$568M
IMPORTS (2023)$686M
NET TRADE (2023)-$119M

In 2023, Trinidad and Tobago exported $568M in Refined Petroleum. The main destinations of Trinidad and Tobago exports on Refined Petroleum were Barbados ($348M), Guyana ($121M), Belgium ($55.9M), China ($21.3M), and Dominica ($9.88M).

In 2023, Trinidad and Tobago imported $686M in Refined Petroleum, mainly from United States ($561M), Belgium ($113M), France ($3.62M), Netherlands ($1.57M), and Jamaica ($1.47M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Trinidad and Tobago WERE (2022 - 2023):
Barbados$110M (46.6%)
China$21.3M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Trinidad and Tobago WERE (2022 - 2023):
Guyana-$441M (-78.4%)
Netherlands-$29.6M (-100%)
Grenada-$21.9M (-89.3%)

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 Refined Petroleum were:
In 2023, Trinidad and Tobago's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $16.9M
TOP IMPORT POTENTIALNetherlands+ $21.8M

Refined Petroleum’s highest export potential is Netherlands. With an export gap of $16.9M.   Refined Petroleum’s highest import potential is Netherlands with an import gap of $21.8M.

See methodology.

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