2023
Exports
$1.55BWorld Rnk 39 / 150
Flag Rnk 4 / 945
falsefalse United States
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$491World Rnk 0 / 0
Flag Rnk 0 / 0

About

Exports In 2023, Trinidad and Tobago exported $1.55B in Crude Petroleum, making it the 39th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most exported product in Trinidad and Tobago. The main destination of Crude Petroleum exports from Trinidad and Tobago are: United States ($1.15B), Netherlands ($131M), Spain ($105M), Peru ($98M), and Belgium ($62.6M).

The fastest growing export markets for Crude Petroleum of Trinidad and Tobago between 2022 and 2023 were Peru ($98M), Netherlands ($51.6M), and Belgium ($36.9M).

Imports In 2022, Trinidad and Tobago imported $491 in Crude Petroleum, becoming the 0th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 0th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Crude Petroleum 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 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 (2023)$1.55B
IMPORTS (2022)$491
NET TRADE (2023)$1.55B

In 2023, Trinidad and Tobago exported $1.55B in Crude Petroleum. The main destinations of Trinidad and Tobago exports on Crude Petroleum were United States ($1.15B), Netherlands ($131M), Spain ($105M), Peru ($98M), and Belgium ($62.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Trinidad and Tobago WERE (2022 - 2023):
Peru$98M (1%)
Netherlands$51.6M (65.2%)
Belgium$36.9M (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Trinidad and Tobago WERE (2022 - 2023):
United States-$343M (-23%)
Panama-$190M (-100%)
Spain-$156M (-59.7%)

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 Crude Petroleum were:
In 2023, 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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