2023
Exports
$1.57MWorld Rnk 131 / 214
Flag Rnk 101 / 945
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$46.5MWorld Rnk 152 / 226
Flag Rnk 20 / 1056

About

Exports In 2023, Trinidad and Tobago exported $1.57M in Packaged Medicaments, making it the 131st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 101st most exported product in Trinidad and Tobago. The main destination of Packaged Medicaments exports from Trinidad and Tobago are: Barbados ($390k), Grenada ($340k), Belize ($183k), Guyana ($167k), and Antigua and Barbuda ($129k).

The fastest growing export markets for Packaged Medicaments of Trinidad and Tobago between 2022 and 2023 were Grenada ($166k), Barbados ($121k), and Guyana ($90.8k).

Imports In 2023, Trinidad and Tobago imported $46.5M in Packaged Medicaments, becoming the 152nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Packaged Medicaments primarily from: India ($14M), United States ($6.66M), Barbados ($4.43M), Canada ($4.04M), and United Kingdom ($3.91M).

The fastest growing import markets in Packaged Medicaments for Trinidad and Tobago between 2022 and 2023 were Jamaica ($1.45M), Barbados ($1.41M), and Costa Rica ($467k).

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 Packaged Medicaments. 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)$1.57M
IMPORTS (2023)$46.5M
NET TRADE (2023)-$45M

In 2023, Trinidad and Tobago exported $1.57M in Packaged Medicaments. The main destinations of Trinidad and Tobago exports on Packaged Medicaments were Barbados ($390k), Grenada ($340k), Belize ($183k), Guyana ($167k), and Antigua and Barbuda ($129k).

In 2023, Trinidad and Tobago imported $46.5M in Packaged Medicaments, mainly from India ($14M), United States ($6.66M), Barbados ($4.43M), Canada ($4.04M), and United Kingdom ($3.91M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Trinidad and Tobago WERE (2022 - 2023):
Grenada$166k (95.4%)
Barbados$121k (45%)
Guyana$90.8k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Trinidad and Tobago WERE (2022 - 2023):
Belize-$174k (-48.7%)
Saint Kitts and Nevis-$109k (-100%)
Saint Lucia-$65.9k (-100%)

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 Packaged Medicaments were:
In 2023, Trinidad and Tobago's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $6.15k
TOP IMPORT POTENTIALIndia+ $5.46M

Packaged Medicaments’s highest export potential is United Kingdom. With an export gap of $6.15k.   Packaged Medicaments’s highest import potential is India with an import gap of $5.46M.

See methodology.

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