Trinidad and Tobago

Trinidad and Tobago ranked No. 57 in total trade value through June with a total of $2.38 billion. Exports totaled $1.18 billion and Imports totaled $1.2 billion, a deficit of $25.35 million.

U.S. trade with Trinidad and Tobago rose to $2.38 billion through June

Trinidad and Tobago’s trade with the United States rose to $2.38 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 26.02 percent below its total trade during the same time period last year. U.S. exports to Trinidad and Tobago decreased 13.04 percent while U.S. imports from Trinidad and Tobago fell 35.45 percent. The U.S. deficit with Trinidad and Tobago was $25.35 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of New Orleans; No. 3 Port Miami; No. 4 Port of Charleston; and No. 5 Shell Oil Terminal, Martinez, Calif.. 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 New Orleans; No. 4 Port Miami and No. 5 Port of Charleston. In the current time period, the top five accounted for 39.01 percent of Trinidad and Tobago’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston fell 29.56 percent to $269.69 million.
    Exports fell 23.12 percent to $193.52 million. Imports fell 41.92 percent to $76.17 million.
  • Trade with No. 2 Port of New Orleans fell 10.98 percent to $226.62 million.
    Exports rose 23.54 percent to $158.57 million. Imports fell 46.08 percent to $68.06 million.
  • Trade with No. 3 Port Miami fell 12.19 percent to $172.5 million.
    Exports fell 13.64 percent to $168.31 million. Imports rose 169.24 percent to $4.19 million.
  • Trade with No. 4 Port of Charleston fell 28.43 percent to $139.03 million.
    Exports rose 1.41 percent to $4.86 million. Imports fell 29.19 percent to $134.17 million.
  • Trade with No. 5 Shell Oil Terminal, Martinez, Calif. fell 4.35 percent to $119.68 million.
    There were no exports. Imports fell 4.35 percent to $119.68 million.

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. 57.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Trinidad and Tobago by value through June were the categories of Gasoline, other fuels; Low value shipments; Parts for heavy machinery; Taps, cocks and valves for pipes, tanks; and Seamless iron tubes and pipes, respectively. They accounted for 37.68 percent of total exports to Trinidad and Tobago.

The value of the top five categories of U.S. imports from Trinidad and Tobago –– Oil; LNG, other petroleum gases; Spongy ferrous products, iron 99.94% pure; Ammonia; and Acyclic alcohols –– accounted for 85.8 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 4.08 percent compared to last year to $291.3 million.
  • Low value shipments fell 7.09 percent compared to last year to $68.3 million.
  • Parts for heavy machinery rose 17.29 percent compared to last year to $38.72 million.
  • Taps, cocks and valves for pipes, tanks rose 22.28 percent compared to last year to $24.57 million.
  • Seamless iron tubes and pipes rose 1056.81 percent compared to last year to $20.27 million.

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

  • Oil fell 32.11 percent compared to last year to $276.85 million.
  • LNG, other petroleum gases fell 53.2 percent compared to last year to $224.55 million.
  • Spongy ferrous products, iron 99.94% pure fell 33.74 percent compared to last year to $198.77 million.
  • Ammonia fell 11.16 percent compared to last year to $169.08 million.
  • Acyclic alcohols fell 32.49 percent compared to last year to $161.7 million.

In the latest annual figures available, Trinidad and Tobago recorded $6.25 billion in trade with the United States. Total U.S. exports to Trinidad and Tobago were $ 2.82 billion and imports from Trinidad and Tobago were $3.43 billion. The U.S. deficit with Trinidad and Tobago was $609.23 million.