2022
Exports
$1.92MWorld Rnk 112 / 226
Flag Rnk 98 / 925
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$36.7MWorld Rnk 137 / 225
Flag Rnk 33 / 1146

About

Exports In 2022, Trinidad and Tobago exported $1.92M in Motor vehicles; parts and accessories (8701 to 8705), making it the 112th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 98th most exported product in Trinidad and Tobago. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Trinidad and Tobago are: Guyana ($655k), Denmark ($625k), Saint Vincent and the Grenadines ($203k), Grenada ($90.8k), and Antigua and Barbuda ($89.9k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Trinidad and Tobago between 2021 and 2022 were Denmark ($625k), Antigua and Barbuda ($85.4k), and Brazil ($47.1k).

Imports In 2022, Trinidad and Tobago imported $36.7M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 137th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 33rd most imported product in Trinidad and Tobago. Trinidad and Tobago imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: China ($11.8M), Japan ($5.86M), United States ($5.5M), United Kingdom ($2.13M), and Thailand ($2.12M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Trinidad and Tobago between 2021 and 2022 were China ($5.02M), Japan ($1.21M), and United States ($1.03M).

Latest Trends

Oct 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$1.92M
IMPORTS (2022)$36.7M
NET TRADE (2022)-$34.7M

In 2022, Trinidad and Tobago exported $1.92M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Trinidad and Tobago exports on Motor vehicles; parts and accessories (8701 to 8705) were Guyana ($655k), Denmark ($625k), Saint Vincent and the Grenadines ($203k), Grenada ($90.8k), and Antigua and Barbuda ($89.9k).

In 2022, Trinidad and Tobago imported $36.7M in Motor vehicles; parts and accessories (8701 to 8705), mainly from China ($11.8M), Japan ($5.86M), United States ($5.5M), United Kingdom ($2.13M), and Thailand ($2.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
Denmark$625k (94.5k%)
Antigua and Barbuda$85.4k (1.88k%)
Brazil$47.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Trinidad and Tobago WERE (2021 - 2022):
Dominican Republic-$409k (-96.7%)
United States-$182k (-98.8%)
Grenada-$175k (-65.9%)

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 Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Trinidad and Tobago's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALBrazil+ $111k
TOP IMPORT POTENTIALChina+ $6.15M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Brazil. With an export gap of $111k.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $6.15M.

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