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Trinidad and Tobago

Trinidad and Tobago ranked No. 60 in total trade value through October with a total of $4.76 billion. Exports totaled $1.74 billion and Imports totaled $3.02 billion, a deficit of $1.29 billion.

January – October 2018

Top Trading Ports

Total Trade: $4.76 billion

RankPortTotal YTD
1Port of Houston $561,702,737
2Port Miami $352,975,195
3Playa de Ponce Port, P.R. $350,712,464
4Port of Charleston $344,824,324
5Miami International Airport $319,649,872
6Port of Mobile, Ala. $233,911,021
7Port of New Orleans $215,752,139
8Port Everglades, Fla. $210,917,906
9Port of Savannah, Ga. $199,218,128
10Port of Fajardo, P.R. $134,795,590

U.S. trade with Trinidad and Tobago rose to $4.76 billion through October

Trinidad and Tobago’s trade with the United States rose to $4.76 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.09 percent above its total trade during the same time period last year. Trinidad and Tobago’s exports increased 15.35 percent while imports rose 7.28 percent. The U.S. deficit with Trinidad and Tobago was $1.29 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port Miami; No. 3 Playa de Ponce Port, P.R.; No. 4 Port of Charleston; and No. 5 Miami International Airport. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port of Charleston No. 3 Playa de Ponce Port, P.R. No. 4 Miami International Airport and No. 5 Port Everglades, Fla.. In the current time period, the top five accounted for 40.55 percent of Trinidad and Tobago’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 42.62 percent to $561.7 million.
    Exports rose 23.35 percent to $290.28 million. Imports rose 71.24 percent to $271.43 million.
  • Trade with No. 2 Port Miami rose 44.53 percent to $352.98 million.
    Exports rose 34.24 percent to $302.2 million. Imports rose 165.69 percent to $50.78 million.
  • Trade with No. 3 Playa de Ponce Port, P.R. rose 11.3 percent to $350.71 million.
    There were no exports. Imports rose 11.3 percent to $350.71 million.
  • Trade with No. 4 Port of Charleston rose 8.54 percent to $344.82 million.
    Exports fell 6.27 percent to $9.37 million. Imports rose 9.02 percent to $335.46 million.
  • Trade with No. 5 Miami International Airport rose 10.05 percent to $319.65 million.
    Exports rose 17.93 percent to $284.66 million. Imports fell 28.71 percent to $34.99 million.

Trinidad and Tobago ranked No. 60 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 $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Trinidad and Tobago by value through October were the categories of Low value shipments; Parts for heavy machinery; Civilian aircraft, parts; Coal, briquettes; and Miscellaneous machines, parts, respectively. They accounted for 18.08 percent of total exports to Trinidad and Tobago.

The value of the top five categories of U.S. imports from Trinidad and Tobago –– Gasoline, other fuels; Petroleum gases, other gaseous hydrocarbons; Spongy ferrous products, iron 99.94% pure; Ammonia; and Acyclic alcohols –– accounted for 83.53 percent of all inbound shipments.

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

  • Low value shipments rose 21.41 percent compared to last year to $97.21 million.
  • Parts for heavy machinery rose 56.08 percent compared to last year to $59.8 million.
  • Civilian aircraft, parts fell 24.74 percent compared to last year to $57.16 million.
  • Coal, briquettes rose 1398.26 percent compared to last year to $51.98 million.
  • Miscellaneous machines, parts rose 44.17 percent compared to last year to $47.7 million.

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

  • Gasoline, other fuels rose 16.22 percent compared to last year to $630 million.
  • Petroleum gases, other gaseous hydrocarbons rose 6.89 percent compared to last year to $571.97 million.
  • Spongy ferrous products, iron 99.94% pure rose 13.35 percent compared to last year to $486.71 million.
  • Ammonia fell 15.47 percent compared to last year to $451.57 million.
  • Acyclic alcohols rose 16.95 percent compared to last year to $384.95 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.