United States (USA) and Trinidad and Tobago (TTO) Trade

2022

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Exports $3.03BRnk 61 / 219

2022

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About

United States-Trinidad and Tobago Trade: In 2022, United States exported $3.03B to Trinidad and Tobago. The main products that United States exported to Trinidad and Tobago were Refined Petroleum ($969M), Planes, Helicopters, and/or Spacecraft ($136M), and Iron Ore ($120M). Over the past 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 11.3%, from $1.78B in 2017 to $3.03B in 2022.

In 2022, United States did not export any services to Trinidad and Tobago.

Trinidad and Tobago-United States Trade: In 2022, Trinidad and Tobago exported $4.91B to United States. The main products that Trinidad and Tobago exported to United States were Crude Petroleum ($1.32B), Ammonia ($1.17B), and Petroleum Gas ($904M). Over the past 5 years the exports of Trinidad and Tobago to United States have increased at an annualized rate of 7.13%, from $3.48B in 2017 to $4.91B in 2022.

In 2022, Trinidad and Tobago did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as Walmart (2), Chevron (2), and Nike (2) were at the forefront of exporting goods from Trinidad and Tobago to the United States. Conversely, Other (9) and Svi ( Aec) Company Limited (1) were notable for importing products to Trinidad and Tobago from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $258M and imported $226M from Trinidad and Tobago, resulting in a positive trade balance of $31.7M. Between August 2023 and August 2024 the exports of United States have increased by $77.5M (42.9%) from $181M to $258M, while imports decreased by $-42M (-15.7%) from $268M to $226M.

Trade In August 2024, the top exports of United States to Trinidad and Tobago were Refined Petroleum ($15.7M), Commodities not elsewhere specified ($8.16M), Aircraft Parts ($5.81M), Oil Seed Flower ($5.25M), and Wheat ($3.94M). In August 2024 the top imports of United States from Trinidad and Tobago were Ammonia ($91.4M), Petroleum Gas ($87.2M), Crude Petroleum ($73M), Iron Reductions ($55.4M), and Acyclic Alcohols ($38.3M).

Origins In August 2024 the exports of United States were mainly from Texas ($94.7M), Florida ($55.1M), US Virgin Islands ($29M), Georgia ($11.5M), and Louisiana ($8.5M), while imports destinations were mainly Texas ($60.2M), Ohio ($52.5M), Louisiana ($26M), Delaware ($25M), and Puerto Rico ($21.8M).

Growth In August 2024, the increase in United States's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Oil Seed Flower ($3.78M or 256%), Soybean Meal ($2.41M or 321%), and Nonaqueous Paints ($1.3M or 532%). In August 2024, the decrease in United States's year-by-year imports from Trinidad and Tobago was explained primarily by an decrease in product imports in Crude Petroleum ($-114M or -60.9%), Petroleum Gas ($-111M or -55.9%), and Ammonia ($-68M or -42.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$77.5M(42.9%)

IMPORT GROWTH (August 2023 - August 2024)$-42M(-15.7%)

MAIN EXPORTER (August 2024)Texas$94.7M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Trinidad and Tobago and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $3.03B to Trinidad and Tobago. The main products exported from United States to Trinidad and Tobago were Refined Petroleum ($969M), Planes, Helicopters, and/or Spacecraft ($136M), and Iron Ore ($120M). During the last 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 11.3%, from $1.78B in 2017 to $3.03B in 2022.

In 2017, Trinidad and Tobago exported $4.91B to United States. The main products exported from Trinidad and Tobago to United States were Crude Petroleum ($1.32B), Ammonia ($1.17B), and Petroleum Gas ($904M). During the last 5 years the exports of Trinidad and Tobago to United States have increased at an annualized rate of 7.13%, from $3.48B in 2022 to $4.91B in 2017.

Exports from United States () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Trinidad and Tobago
Top DestinationUnited States$4.91B

This map shows whether countries import more from United States or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from United States and Trinidad and Tobago or the difference in the growth in imports.

In 2022, countries that imported more from United States than Trinidad and Tobago included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Trinidad and Tobago than United States included Bonaire ($118k), North Korea ($32.4k), and Guam ($17.8k).

Difference in imports from Trinidad and Tobago () and United States () (2022)

Comparative Advantage United States - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and Trinidad and Tobago by product, considering products traded by both, United States and Trinidad and Tobago.

During 2022, United States had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($1.13B), Machines ($527M), and Chemical Products ($272M).

During 2017, Trinidad and Tobago had a large net trade with United States in the exports of Mineral Products ($2.23B), Chemical Products ($1.73B), and Metals ($856M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Trinidad and Tobago+$7.15MCars

Top Product Potential Trinidad and Tobago United States+$584MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and Trinidad and Tobago. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over United States.

Product Space of United States () and Trinidad and Tobago () (2022)

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