2022
Exports
$387kWorld Rnk 89 / 126
Flag Rnk 198 / 925
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$7.82MWorld Rnk 117 / 210
Flag Rnk 176 / 1146

About

Exports In 2022, Trinidad and Tobago exported $387k in Hot-Rolled Iron Bars, making it the 89th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 198th most exported product in Trinidad and Tobago. The main destination of Hot-Rolled Iron Bars exports from Trinidad and Tobago are: Guyana ($154k), Grenada ($104k), Montserrat ($51.3k), Dominica ($38.8k), and Antigua and Barbuda ($30.5k).

The fastest growing export markets for Hot-Rolled Iron Bars of Trinidad and Tobago between 2021 and 2022 were Grenada ($94.3k), Montserrat ($51.3k), and Dominica ($38.8k).

Imports In 2022, Trinidad and Tobago imported $7.82M in Hot-Rolled Iron Bars, becoming the 117th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 176th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Hot-Rolled Iron Bars primarily from: Turkey ($5.08M), China ($2.04M), Spain ($542k), Ukraine ($102k), and Indonesia ($35.5k).

The fastest growing import markets in Hot-Rolled Iron Bars for Trinidad and Tobago between 2021 and 2022 were China ($1.93M), Indonesia ($35.5k), and Denmark ($4.65k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$387k
IMPORTS (2022)$7.82M
NET TRADE (2022)-$7.43M

In 2022, Trinidad and Tobago exported $387k in Hot-Rolled Iron Bars. The main destinations of Trinidad and Tobago exports on Hot-Rolled Iron Bars were Guyana ($154k), Grenada ($104k), Montserrat ($51.3k), Dominica ($38.8k), and Antigua and Barbuda ($30.5k).

In 2022, Trinidad and Tobago imported $7.82M in Hot-Rolled Iron Bars, mainly from Turkey ($5.08M), China ($2.04M), Spain ($542k), Ukraine ($102k), and Indonesia ($35.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
Grenada$94.3k (1k%)
Montserrat$51.3k (1%)
Dominica$38.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Trinidad and Tobago WERE (2021 - 2022):Guyana-$125k (-44.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Trinidad and Tobago's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Trinidad and Tobago's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.13k
TOP IMPORT POTENTIALSpain+ $207k

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $1.13k.   Hot-Rolled Iron Bars’s highest import potential is Spain with an import gap of $207k.

See methodology.

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