Trinidad and Tobago Trade, Exports and Imports

 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.

 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.[br]

 

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.

 

 

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

 

 

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.[br]