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Exports In 2022, Trinidad and Tobago exported $64.4M in Sauces and Seasonings, making it the 42nd largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 11th most exported product in Trinidad and Tobago. The main destination of Sauces and Seasonings exports from Trinidad and Tobago are: United States ($23.9M), Guyana ($7.91M), Australia ($5.1M), Barbados ($4.73M), and Netherlands ($3.46M).

The fastest growing export markets for Sauces and Seasonings of Trinidad and Tobago between 2021 and 2022 were United States ($5.59M), Netherlands ($2.04M), and Guyana ($967k).

Imports In 2022, Trinidad and Tobago imported $14.1M in Sauces and Seasonings, becoming the 123rd largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 110th most imported product in Trinidad and Tobago. Trinidad and Tobago imports Sauces and Seasonings primarily from: United States ($7.37M), Hong Kong ($1.61M), Canada ($1.43M), Dominican Republic ($1.14M), and Costa Rica ($653k).

The fastest growing import markets in Sauces and Seasonings for Trinidad and Tobago between 2021 and 2022 were United States ($1.23M), Hong Kong ($653k), and Mexico ($233k).

Latest Trends

Oct 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 Sauces and Seasonings. 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)$64.4M
IMPORTS (2022)$14.1M
NET TRADE (2022)$50.3M

In 2022, Trinidad and Tobago exported $64.4M in Sauces and Seasonings. The main destinations of Trinidad and Tobago exports on Sauces and Seasonings were United States ($23.9M), Guyana ($7.91M), Australia ($5.1M), Barbados ($4.73M), and Netherlands ($3.46M).

In 2022, Trinidad and Tobago imported $14.1M in Sauces and Seasonings, mainly from United States ($7.37M), Hong Kong ($1.61M), Canada ($1.43M), Dominican Republic ($1.14M), and Costa Rica ($653k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
United States$5.59M (30.5%)
Netherlands$2.04M (145%)
Guyana$967k (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Trinidad and Tobago WERE (2021 - 2022):
Brazil-$4.09M (-95%)
New Zealand-$325k (-78.4%)
Canada-$320k (-24.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Trinidad and Tobago's main exporting competitors in Sauces and Seasonings were:
In 2022, Trinidad and Tobago's main importing competitors in Sauces and Seasonings were:

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $2.08M
TOP IMPORT POTENTIALChina+ $429k

Sauces and Seasonings’s highest export potential is United States. With an export gap of $2.08M.   Sauces and Seasonings’s highest import potential is China with an import gap of $429k.

See methodology.

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