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Who buys Trinidad and Tobago’s crude oil? Export destinations 2024

In 2024, Trinidad and Tobago exported $1.7 billion of crude oil (3.1 million tonnes), 0.1% of the world total. The United States bought 84% of the total, followed by Peru (12%) and Belgium (4%). Trinidad and Tobago was the world’s 36th-largest exporter of crude oil.

Summary

Value
$1.7billion
Tonnes
3.1million tonnes
Share of world total
0.1%
World rank
36th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 4 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States1.4Tonnes: 2,699,214USD per tonne: $53083.8%Sea
Peru0.21Tonnes: 299,162USD per tonne: $69212.1%Sea
Belgium re-exports0.07Tonnes: 101,877USD per tonne: $6744%Sea
Grenada< 0.01Tonnes: 0USD per tonne: $2,0110%Sea

Trend

Who it sells to

The United States has been its main destination since 2019

Value in USD billions. The five largest destinations in 2024.

  • United States 1.4
  • Peru 0.21
  • Belgium 0.07
  • Grenada 0

Source: CEPII BACI

Show the numbers
Partner19952024
United States0.321.4
Peru00.21
Belgium00.07
Grenada00

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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