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Trinidad and Tobago

Trinidad and Tobago ranked No. 57 in total trade value through February with a total of $1.07 billion. Exports totaled $421.59 million and Imports totaled $648.5 million, a deficit of $226.9 million.

January – February 2019

Top Trading Ports

Total Trade: $1.07 billion

RankPortTotal YTD
1Port of Boston $134,129,529
2Port of Houston $125,412,827
3Shell Oil Terminal, Martinez, Calif. $92,295,112
4Port of New Orleans $65,954,956
5Port Miami $65,247,904
6Playa de Ponce Port, P.R. $61,500,839
7Port of Charleston $58,034,164
8Port of Mobile, Ala. $52,800,434
9Miami International Airport $42,129,551
10Port of Corpus Christi, Texas $38,407,565

U.S. trade with Trinidad and Tobago rose to $1.07 billion through February

Trinidad and Tobago’s trade with the United States rose to $1.07 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.44 percent above its total trade during the same time period last year. Trinidad and Tobago’s exports increased 41.25 percent while imports rose 7.18 percent. The U.S. deficit with Trinidad and Tobago was $226.9 million.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Boston; No. 2 Port of Houston; No. 3 Shell Oil Terminal, Martinez, Calif.; No. 4 Port of New Orleans; and No. 5 Port Miami. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Playa de Ponce Port, P.R. No. 3 Port of Boston No. 4 Miami International Airport and No. 5 Port Miami. In the current time period, the top five accounted for 45.14 percent of Trinidad and Tobago’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Boston rose 132.58 percent to $134.13 million.
    Exports totaled $159,819. Imports rose 132.31 percent to $133.97 million.
  • Trade with No. 2 Port of Houston rose 20.41 percent to $125.41 million.
    Exports rose 52.42 percent to $85.84 million. Imports fell 17.27 percent to $39.57 million.
  • Trade with No. 3 Shell Oil Terminal, Martinez, Calif. totaled $92.3 million.
    There were no exports. Imports totaled $92.3 million.
  • Trade with No. 4 Port of New Orleans rose 93.87 percent to $65.95 million.
    Exports rose 185.87 percent to $35.01 million. Imports rose 42.12 percent to $30.94 million.
  • Trade with No. 5 Port Miami rose 14.91 percent to $65.25 million.
    Exports rose 20.88 percent to $64.77 million. Imports fell 85.04 percent to $478,401.

Trinidad and Tobago ranked No. 57 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 60.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Trinidad and Tobago by value through February were the categories of Gasoline, other fuels; Low value shipments; Parts for heavy machinery; Coal, briquettes; and Wheat, respectively. They accounted for 39.52 percent of total exports to Trinidad and Tobago.

The value of the top five categories of U.S. imports from Trinidad and Tobago –– Petroleum gases, other gaseous hydrocarbons; Oil; Spongy ferrous products, iron 99.94% pure; Ammonia; and Acyclic alcohols –– accounted for 88.25 percent of all inbound shipments.

Looking more closely at U.S. exports to Trinidad and Tobago:

  • Gasoline, other fuels rose 3483.39 percent compared to last year to $108.65 million.
  • Low value shipments rose 41.47 percent compared to last year to $24.11 million.
  • Parts for heavy machinery rose 44.32 percent compared to last year to $15.69 million.
  • Coal, briquettes rose 364599 percent compared to last year to $9.52 million.
  • Wheat rose 33.28 percent compared to last year to $8.65 million.

Looking more closely at U.S. imports from Trinidad and Tobago:

  • Petroleum gases, other gaseous hydrocarbons rose 19.56 percent compared to last year to $217.06 million.
  • Oil totaled $112.58 million. The previous year, there were no imports in this category.
  • Spongy ferrous products, iron 99.94% pure rose 32.92 percent compared to last year to $99.74 million.
  • Ammonia fell 24.2 percent compared to last year to $71.81 million.
  • Acyclic alcohols fell 5.88 percent compared to last year to $71.1 million.

In the latest annual figures available, Trinidad and Tobago recorded $5.13 billion in trade with the United States. At year’s end, its were Miami; Houston; New Orleans; San Juan; and Charleston. Total U.S. exports to Trinidad and Tobago were $ 1.81 billion and imports from Trinidad and Tobago were $3.31 billion. The U.S. deficit with Trinidad and Tobago was $1.5 billion.