2021
Exports | Imports
$544M | $590MWorld Rnk 69 / 218
Flag Rnk 7 / 983
World Rnk 113 / 226
Flag Rnk 1 / 1138
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Trinidad and Tobago exported $544M in Refined Petroleum, making it the 69th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Trinidad and Tobago. The main destination of Refined Petroleum exports from Trinidad and Tobago are: Guyana ($355M), Suriname ($40.7M), Barbados ($32.6M), Saint Lucia ($19.9M), and Grenada ($16.3M).

The fastest growing export markets for Refined Petroleum of Trinidad and Tobago between 2020 and 2021 were France ($10.7M), Saint Kitts and Nevis ($4.46M), and Anguilla ($4.1M).

Imports In 2021, Trinidad and Tobago imported $590M in Refined Petroleum, becoming the 113th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Trinidad and Tobago. Trinidad and Tobago imports Refined Petroleum primarily from: United States ($528M), Spain ($55.3M), Guyana ($2.37M), Germany ($964k), and Belgium ($602k).

The fastest growing import markets in Refined Petroleum for Trinidad and Tobago between 2020 and 2021 were United States ($136M), Spain ($55.2M), and Guyana ($754k).

Latest Trends

Dec 2023

Subnational Monthly Trade

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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 (2021)$544M
IMPORTS (2021)$590M
NET TRADE (2021)-$46.3M

In 2021, Trinidad and Tobago exported $544M in Refined Petroleum. The main destinations of Trinidad and Tobago exports on Refined Petroleum were Guyana ($355M), Suriname ($40.7M), Barbados ($32.6M), Saint Lucia ($19.9M), and Grenada ($16.3M).

In 2021, Trinidad and Tobago imported $590M in Refined Petroleum, mainly from United States ($528M), Spain ($55.3M), Guyana ($2.37M), Germany ($964k), and Belgium ($602k).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Trinidad and Tobago WERE (2020 - 2021):
France$10.7M (251%)
Saint Kitts and Nevis$4.46M (67.5%)
Anguilla$4.1M (219%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Trinidad and Tobago WERE (2020 - 2021):
Guyana-$28.7M (-7.49%)
Barbados-$25.4M (-43.8%)
Saint Lucia-$11.7M (-37%)

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 Refined Petroleum were:
In 2021, Trinidad and Tobago's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

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