Trinidad and Tobago Trade, Exports and Imports

By: EconomyWatch Content   Date: 31 March 2010

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 Trinidad and Tobago’s trade, exports and imports have experienced both deficit and surplus in recent years. Major export items of the country are sugar, fertilizer, steel, coffee and flowers. It exports to the countries such as the US and the European Union. The goods that are imported to the nation are fuel and energy, capital goods and animals. For imports, Trinidad and Tobago (T&T) depends upon countries such as Japan and the European Union. In March 2010, T&T and Chile started negotiations for a preferential trade agreement between the two nations. Since 2009, trade between the two countries has increased significantly owing to Chile’s purchase of gas from T&T in huge amounts. The following charts illustrate Trinidad and Tobago’s trade with the US in 2009 and 2010.

 

NOTE: All figures are in US dollar million.

Month
Exports
Imports
Balance

January 2010

136.7
635.7
-498.9

TOTAL

136.7
635.7
-498.9

SOURCE: U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch, Washington, D.C.

 

 

NOTE: All figures are in US dollar million.

Month
Exports
Imports
Balance

January 2009

196.3
394.4
-198.1

February 2009

184.6
396.0
-211.4

March 2009

172.8
413.3
-240.5

April 2009

151.0
365.9
-215.0

May 2009

162.6
462.6
-300.0

June 2009

154.1
371.1
-217.0

July 2009

172.7
462.0
-289.3

August 2009

159.4
435.8
-276.3

September 2009

148.3
458.6
-310.3

October 2009

203.3
386.8
-183.5

November 2009

157.8
571.9
-414.2

December 2009

126.3
504.9
-378.6

TOTAL

1,989.1
5,223.4
-3,234.3

SOURCE: U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch, Washington, D.C.

 

Trinidad and Tobago Trade: Export and Imports

Trinidad and Tobago’s major export commodities include petroleum and petroleum products, liquefied natural gas (LNG), methanol, ammonia, urea, steel products, beverages, cereal and cereal products, sugar, cocoa, coffee, citrus fruits, vegetables and flowers. The following table shows T&T’s exports in 2008 and 2009. All data is in US dollar billion.

 

T&T’s exports in 2008 and 2009

 

The chart below shows T&T’s distribution of its major export partners. All data is in percentages.

 

T&T’s major export partners 2008-2009

 

Trinidad and Tobago’s major import commodities include mineral fuels, lubricants, machinery, transportation equipment, manufactured goods, food, chemicals, and live animals. The following table shows T&T’s imports in 2008 and 2009. All data is in US dollar billion.

 

Trinidad and Tobago’s imports in 2008 and 2009

 

 

 

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