Overview In 2020 Trinidad and Tobago was the number 104 economy in the world in terms of total exports and the number 134 in total imports.

Exports The top exports of Trinidad and Tobago are Petroleum Gas ($2.14B), Acyclic Alcohols ($916M), Ammonia ($824M), Crude Petroleum ($733M), and Iron Reductions ($417M), exporting mostly to United States ($2.26B), Spain ($512M), China ($291M), Guyana ($272M), and Netherlands ($216M).

Imports The top imports of Trinidad and Tobago are Refined Petroleum ($643M), Cars ($192M), Iron Ore ($176M), Excavation Machinery ($153M), and Special Purpose Ships ($135M), importing mostly from United States ($2.18B), China ($340M), Guyana ($282M), Brazil ($214M), and United Kingdom ($188M).

Location Trinidad and Tobago borders Barbados, Grenada, Guyana, and Venezuela by sea.

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The following section uses the most recent trade data from partners of Trinidad and Tobago.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Data is presented based on data availability. Only countries using the Harmonic System (HS) are selected. Every source is shown using their own latest twelve months of data.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Petroleum Gas, $2.14B

Top Destination (2020): United States, $2.18B

In 2020, Trinidad and Tobago exported a total of $6.3B, making it the number 104 exporter in the world. During the last five reported years the exports of Trinidad and Tobago have changed by -$5.61B from $11.9B in 2015 to $6.3B in 2020.

The most recent exports are led by Petroleum Gas ($2.14B), Acyclic Alcohols ($916M), Ammonia ($824M), Crude Petroleum ($733M), and Iron Reductions ($417M). The most common destination for the exports of Trinidad and Tobago are United States ($2.26B), Spain ($512M), China ($291M), Guyana ($272M), and Netherlands ($216M).

Explore Visualizations

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Trinidad and Tobago Exports Services (2020): $453M

Trinidad and Tobago Imports Services (2020): $1.75B

In 2020, Trinidad and Tobago exported $453M worth of services. The top services exported by Trinidad and Tobago in 2020 were Personal travel ($123M), Other direct insurance ($105M), Sea transport ($64.8M), Miscellaneous business, professional, and technical services ($53.6M), and Air transport ($39.7M).

The top services imported by Trinidad and Tobago in 2020 were Miscellaneous business, professional, and technical services ($640M), Sea transport ($450M), Reinsurance ($307M), Financial services ($77.5M), and Embassies and consulates ($51.2M).

Economic Complexity

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Most Specialized Products by RCA Index

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Trinidad and Tobago has a high level of specialization in Ammonia (339), Iron Reductions (276), Acyclic Alcohols (91.8), Nitrogenous Fertilizers (41.4), and Petroleum Gas (26.1). Specialization is measured using RCA, an index that takes the ratio between Trinidad and Tobago observed and expected exports in each product.

Export Opportunities by Relatedness

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The top export opportunities for Trinidad and Tobago according to the relatedness index, are Soap (0.078), Cocoa Beans (0.078), Scrap Aluminium (0.076), Gold (0.076), and Fish Fillets (0.075). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Trinidad and Tobago is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Trinidad And Tobago. These are products that tend to be co-exported with the products that Trinidad And Tobago exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.