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Exports In 2022, Trinidad and Tobago exported $2.27B in Crude Petroleum, making it the 35th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Trinidad and Tobago. The main destination of Crude Petroleum exports from Trinidad and Tobago are: United States ($1.32B), Spain ($408M), Panama ($190M), Germany ($110M), and United Kingdom ($69.4M).

The fastest growing export markets for Crude Petroleum of Trinidad and Tobago between 2021 and 2022 were United States ($360M), Spain ($331M), and Panama ($126M).

Imports In 2022, Trinidad and Tobago imported $430 in Crude Petroleum, becoming the 151st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1117th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Crude Petroleum primarily from: Spain ($314), Jamaica ($85), and United States ($31).

The fastest growing import markets in Crude Petroleum for Trinidad and Tobago between 2021 and 2022 were Spain ($314) and United States ($31).

Latest Trends

Sep 2024

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 Crude 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 (2022)$2.27B
IMPORTS (2022)$430
NET TRADE (2022)$2.27B

In 2022, Trinidad and Tobago exported $2.27B in Crude Petroleum. The main destinations of Trinidad and Tobago exports on Crude Petroleum were United States ($1.32B), Spain ($408M), Panama ($190M), Germany ($110M), and United Kingdom ($69.4M).

In 2022, Trinidad and Tobago imported $430 in Crude Petroleum, mainly from Spain ($314), Jamaica ($85), and United States ($31).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
United States$360M (37.5%)
Spain$331M (430%)
Panama$126M (194%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Trinidad and Tobago WERE (2021 - 2022):
Colombia-$55.7M (-44.8%)
Belgium-$17.9M (-44.6%)

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 Crude Petroleum were:
In 2022, Trinidad and Tobago's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $584M
TOP IMPORT POTENTIALUnited States+ $810

Crude Petroleum’s highest export potential is United States. With an export gap of $584M.   Crude Petroleum’s highest import potential is United States with an import gap of $810.

See methodology.

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