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Exports In 2022, Trinidad and Tobago exported $225M in Refined Petroleum, making it the 86th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Trinidad and Tobago. The main destination of Refined Petroleum exports from Trinidad and Tobago are: Guyana ($81.8M), Belgium ($54.7M), Barbados ($37.5M), Netherlands ($26.4M), and Bahamas ($10.3M).

The fastest growing export markets for Refined Petroleum of Trinidad and Tobago between 2021 and 2022 were Belgium ($54.5M), Netherlands ($26.4M), and Bahamas ($10.3M).

Imports In 2022, Trinidad and Tobago imported $1.65B in Refined Petroleum, becoming the 90th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Trinidad and Tobago. Trinidad and Tobago imports Refined Petroleum primarily from: United States ($969M), Italy ($457M), Belgium ($120M), United Kingdom ($48.4M), and Netherlands ($33.4M).

The fastest growing import markets in Refined Petroleum for Trinidad and Tobago between 2021 and 2022 were Italy ($457M), United States ($445M), and Belgium ($120M).

Latest Trends

Sep 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 Refined Petroleum. 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)$225M
IMPORTS (2022)$1.65B
NET TRADE (2022)-$1.42B

In 2022, Trinidad and Tobago exported $225M in Refined Petroleum. The main destinations of Trinidad and Tobago exports on Refined Petroleum were Guyana ($81.8M), Belgium ($54.7M), Barbados ($37.5M), Netherlands ($26.4M), and Bahamas ($10.3M).

In 2022, Trinidad and Tobago imported $1.65B in Refined Petroleum, mainly from United States ($969M), Italy ($457M), Belgium ($120M), United Kingdom ($48.4M), and Netherlands ($33.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Trinidad and Tobago WERE (2021 - 2022):
Belgium$54.5M (29.8k%)
Netherlands$26.4M (3.35M%)
Bahamas$10.3M (95.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Trinidad and Tobago WERE (2021 - 2022):
Guyana-$288M (-77.9%)
Suriname-$39.9M (-94.8%)
Saint Lucia-$19.6M (-98.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Trinidad and Tobago's main exporting competitors in Refined Petroleum were:
In 2022, Trinidad and Tobago's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALNetherlands+ $16.9M
TOP IMPORT POTENTIALNetherlands+ $21.8M

Refined Petroleum’s highest export potential is Netherlands. With an export gap of $16.9M.   Refined Petroleum’s highest import potential is Netherlands with an import gap of $21.8M.

See methodology.

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