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Trinidad and Tobago trade in 2024

In 2024, Trinidad and Tobago exported $12.3 billion and imported $7.9 billion, a trade surplus of $4.4 billion. It was the world's 96th-largest exporter, with 0.05% of world exports. Its top export was natural gas and LPG (26% of the total) and its main trading partner was the United States (28.8% of its trade).

Summary

Exports
$12.3billion
Imports
$7.9billion
Trade balance
+$4.4billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Natural gas and LPG (26%) and alcohols (15.6%) together make up 41.6% of its exports.

  1. Natural gas and LPG$3.2 billion · 26%
    Main partner: Chile
  2. Alcohols$1.9 billion · 15.6%
    Main partner: Netherlands
  3. Ammonia$1.9 billion · 15%
    Main partner: Morocco
  4. Crude petroleum$1.7 billion · 13.8%
    Main partner: United States
  5. Refined petroleum$677 million · 5.5%
    Main partner: Barbados
  6. Direct-reduced iron$635 million · 5.2%
    Main partner: United States
  7. Nitrogen fertilizers$418 million · 3.4%
    Main partner: United States
  8. Cargo and cruise ships$146 million · 1.2%
    Main partner: Mexico
  9. Asphalt mixtures$141 million · 1.1%
    Main partner: China
  10. Welded steel pipes$127 million · 1%
    Main partner: United States

What it imports

Refined petroleum (13.7%) and cars (5.4%) together make up 19.1% of its imports.

  1. Refined petroleum$1.1 billion · 13.7%
    Main partner: United States
  2. Cars$427 million · 5.4%
    Main partner: Japan
  3. Iron ore$356 million · 4.5%
    Main partner: Brazil
  4. Flexible metal tubing$227 million · 2.9%
    Main partner: United Kingdom
  5. Dredgers and floating cranes$214 million · 2.7%
    Main partner: China
  6. Medicines in measured doses or retail packs$162 million · 2.1%
    Main partner: India
  7. Trucks$127 million · 1.6%
    Main partner: Thailand
  8. Cargo and cruise ships$115 million · 1.5%
    Main partner: Norway
  9. Shipping containers$115 million · 1.5%
    Main partner: Guyana
  10. Valves and taps$111 million · 1.4%
    Main partner: United States
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$5.8 billion$1.1 billion
29 · Organic chemicals$2 billion$35 million
28 · Inorganic chemicals$1.9 billion$40 million
72 · Iron and steel$686 million$176 million
31 · Fertilizers$419 million$9 million
22 · Beverages and spirits$181 million$76 million
89 · Ships and boats$169 million$336 million
73 · Iron and steel products$157 million$307 million
19 · Baked goods and cereal products$130 million$82 million
84 · Mechanical machinery$104 million$920 million
21 · Food preparations$96 million$121 million
48 · Paper and paperboard$85 million$170 million
39 · Plastics$84 million$295 million
20 · Preserved fruit and vegetables$63 million$99 million
26 · Ores and slag$52 million$357 million
85 · Electrical and electronic equipment$48 million$471 million
24 · Tobacco$40 million$23 million
25 · Salt, stone and cement$28 million$21 million
38 · Miscellaneous chemicals$27 million$115 million
70 · Glass$26 million$26 million
90 · Precision and medical instruments$26 million$138 million
18 · Cocoa and chocolate$25 million$26 million
94 · Furniture and lighting$25 million$79 million
34 · Soap and cleaning products$23 million$67 million
03 · Fish and seafood$22 million$35 million
71 · Gems and precious metals$19 million$5 million
32 · Dyes, paints and tanning agents$17 million$39 million
49 · Books and printed matter$12 million$15 million
15 · Fats and oils$12 million$76 million
76 · Aluminum$12 million$53 million
87 · Vehicles$12 million$628 million
17 · Sugar and sweets$11 million$77 million
33 · Perfumes and cosmetics$11 million$96 million
74 · Copper$10 million$25 million
16 · Prepared meat and fish$9 million$42 million
88 · Aircraft and spacecraft$8 million$57 million
44 · Wood$6 million$39 million
86 · Railway equipment$5 million$115 million
82 · Tools and cutlery$5 million$25 million
62 · Woven clothing$5 million$36 million
09 · Coffee, tea and spices$4 million$17 million
07 · Vegetables$4 million$73 million
23 · Animal feed and food waste$4 million$80 million
04 · Dairy, eggs and honey$4 million$150 million
11 · Milling products and malt$3 million$38 million
30 · Pharmaceuticals$3 million$206 million
68 · Stone, plaster and cement articles$3 million$19 million
40 · Rubber$2 million$62 million
55 · Synthetic staple fibers$2 million$13 million
80 · Tin$2 million$69 thousand
10 · Cereals$2 million$85 million
83 · Miscellaneous metal goods$2 million$256 million
63 · Home textiles and used clothing$2 million$23 million
47 · Wood pulp$2 million$15 million
08 · Fruit and nuts$1 million$44 million
35 · Glues, starches and enzymes$1 million$10 million
61 · Knitted clothing$1 million$23 million
02 · Meat and offal$1 million$110 million
69 · Ceramics$1 million$35 million
42 · Leather goods and bags$1 million$15 million
96 · Other manufactured goods$956 thousand$16 million
12 · Oilseeds and grains$931 thousand$16 million
56 · Felt, nonwovens and rope$633 thousand$5 million
92 · Musical instruments$619 thousand$814 thousand
64 · Footwear$518 thousand$29 million
95 · Toys and sports gear$506 thousand$29 million
52 · Cotton$476 thousand$2 million
54 · Synthetic filaments$447 thousand$7 million
97 · Art and antiques$409 thousand$380 thousand
36 · Explosives and matches$338 thousand$3 million
58 · Special fabrics and lace$180 thousand$3 million
79 · Zinc$172 thousand$831 thousand
60 · Knitted fabric$151 thousand$1 million
75 · Nickel$143 thousand$1 million
59 · Coated and technical textiles$141 thousand$4 million
13 · Gums and plant extracts$94 thousand$2 million
66 · Umbrellas and canes$87 thousand$1 million
65 · Hats$85 thousand$3 million
01 · Live animals$83 thousand$3 million
37 · Photographic goods$69 thousand$1 million
57 · Carpets and rugs$69 thousand$5 million
78 · Lead$63 thousand$334 thousand
53 · Other plant fibers$32 thousand$262 thousand
91 · Watches and clocks$31 thousand$2 million
05 · Other animal products$27 thousand$822 thousand
67 · Feathers and artificial flowers$26 thousand$5 million
51 · Wool$13 thousand$15 thousand
06 · Live plants and flowers$11 thousand$3 million
81 · Other base metals$9 thousand$645 thousand
14 · Other plant products$8 thousand$44 thousand
41 · Hides and leather$4 thousand$27 thousand
93 · Weapons and ammunition$3 thousand$674 thousand
46 · Wicker and basketware$2 thousand$146 thousand
43 · Fur and fur goods$2 thousand$596 thousand
50 · Silk$798$22 thousand
45 · Cork$186$30 thousand

Trading partners

The United States is its main destination (27.7% of exports) and source (30.5% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
United States3.427.7%Sea
Netherlands0.645.2%Sea
Chile0.524.2%Sea
Barbados0.463.7%Sea
Morocco0.443.6%Sea
Guyana0.423.4%Sea
Belgium0.423.4%Sea
United Kingdom0.423.4%Sea
Brazil0.413.4%Sea
China0.43.3%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
United States2.430.5%Sea
China1.113.7%Sea
United Kingdom0.445.6%Sea
Brazil0.435.5%Sea
Japan0.33.8%Sea
Italy0.222.8%Sea
Canada0.212.7%Sea
Guyana0.192.4%Sea
Germany0.182.3%Sea
Mexico0.172.2%Sea

Overview 1995–2024

In 2024, Trinidad and Tobago accounted for 0.05% of world exports, compared with 0.05% in 1995.

Exports and imports

Exports grew 5-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 12.3
  • Imports 7.9
  • Balance +4.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$2.6 billion$1.9 billion$664 million
1996$2.8 billion$2.5 billion$293 million
1997$3.1 billion$3.5 billion-$469 million
1998$2.7 billion$3.4 billion-$719 million
1999$3.3 billion$3 billion$321 million
2000$4.5 billion$3.6 billion$935 million
2001$5.6 billion$4.3 billion$1.3 billion
2002$4.6 billion$3.9 billion$689 million
2003$7.3 billion$4.3 billion$3.1 billion
2004$8.6 billion$5.6 billion$3 billion
2005$11.9 billion$6 billion$6 billion
2006$14.9 billion$7 billion$7.9 billion
2007$16.7 billion$7.8 billion$8.9 billion
2008$21.5 billion$10 billion$11.5 billion
2009$13 billion$7.2 billion$5.8 billion
2010$16.4 billion$7.1 billion$9.3 billion
2011$20.3 billion$10.2 billion$10.1 billion
2012$21.3 billion$10.3 billion$11 billion
2013$22.2 billion$12.2 billion$10 billion
2014$19.6 billion$9.3 billion$10.3 billion
2015$14.3 billion$9.9 billion$4.3 billion
2016$9.4 billion$8.4 billion$1.1 billion
2017$10.9 billion$7.6 billion$3.3 billion
2018$13.4 billion$7.7 billion$5.7 billion
2019$11 billion$6.6 billion$4.4 billion
2020$8 billion$5.3 billion$2.7 billion
2021$11.9 billion$6.1 billion$5.8 billion
2022$17.9 billion$6.5 billion$11.3 billion
2023$12.3 billion$9.8 billion$2.5 billion
2024$12.3 billion$7.9 billion$4.4 billion

World rank

Trinidad and Tobago fell from 81st to 96th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 81st in 1995
  • 96th in 2024

Source: CEPII BACI

Show the numbers
YearRank
199581st
199682nd
199783rd
199884th
199982nd
200079th
200175th
200280th
200375th
200476th
200571st
200669th
200770th
200872nd
200975th
201075th
201173rd
201273rd
201373rd
201475th
201580th
201691st
201789th
201886th
201992nd
202099th
202191st
202283rd
202396th
202496th

What it sells

Its top export group is still oil, gas and coal: 47% in 2024

% of exports by Harmonized System chapter.

  • Other 9%
  • Iron and steel products 1%
  • Ships and boats 1%
  • Beverages and spirits 1%
  • Fertilizers 3%
  • Iron and steel 6%
  • Inorganic chemicals 15%
  • Organic chemicals 16%
  • Oil, gas and coal 47%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal41.5%46.9%
Organic chemicals8.6%15.9%
Inorganic chemicals14.3%15.1%
Iron and steel9.6%5.6%
Fertilizers4.2%3.4%
Beverages and spirits3.8%1.5%
Ships and boats0.06%1.4%
Iron and steel products0.41%1.3%
Other17.4%9%

Who it trades with

The United States went from 44% to 29% of Trinidad and Tobago's trade

% of total trade (exports + imports) with each partner.

  • United States 29%
  • China 7%
  • United Kingdom 4%
  • Brazil 4%
  • Netherlands 4%

Source: CEPII BACI

Show the numbers
Partner19952024
United States43.7%28.8%
China0.52%7.3%
United Kingdom5.4%4.3%
Brazil2.8%4.2%
Netherlands1.8%3.9%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Point Lisas power stationPower · 3.2 Mt CO₂e
  • Columbus basinOil and gas · 2.6 Mt CO₂e
  • Trinidad basinOil and gas · 1.5 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Port-of-Spain$44.7 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

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