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Trinidad and Tobago

Trinidad and Tobago ranked No. 57 in total trade value through March with a total of $1.66 billion. Exports totaled $630.25 million and Imports totaled $1.03 billion, a deficit of $403.12 million.

January – March 2019

Top Trading Ports

Total Trade: $1.66 billion

RankPortTotal YTD
1Port of Houston $204,187,676
2Port of Boston $156,865,512
3Port of New Orleans $144,317,095
4Shell Oil Terminal, Martinez, Calif. $116,280,541
5Playa de Ponce Port, P.R. $114,615,767
6Port Miami $100,443,838
7Port of Charleston $92,859,754
8Port of Mobile, Ala. $74,048,423
9Miami International Airport $64,322,511
10Port Everglades, Fla. $53,696,550

U.S. trade with Trinidad and Tobago rose to $1.66 billion through March

Trinidad and Tobago’s trade with the United States rose to $1.66 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 14.52 percent above its total trade during the same time period last year. Trinidad and Tobago’s exports increased 33.68 percent while imports rose 5.32 percent. The U.S. deficit with Trinidad and Tobago was $403.12 million.

Through March, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Houston; No. 2 Port of Boston; No. 3 Port of New Orleans; No. 4 Shell Oil Terminal, Martinez, Calif.; and No. 5 Playa de Ponce Port, P.R.. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port Miami No. 3 Playa de Ponce Port, P.R. No. 4 Miami International Airport and No. 5 Port of Charleston. In the current time period, the top five accounted for 44.26 percent of Trinidad and Tobago’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 19.94 percent to $204.19 million.
    Exports rose 33.95 percent to $134.87 million. Imports fell 0.34 percent to $69.32 million.
  • Trade with No. 2 Port of Boston rose 102.56 percent to $156.87 million.
    Exports rose 366.75 percent to $173,024. Imports rose 102.43 percent to $156.69 million.
  • Trade with No. 3 Port of New Orleans rose 107.13 percent to $144.32 million.
    Exports rose 297.21 percent to $65.45 million. Imports rose 48.26 percent to $78.87 million.
  • Trade with No. 4 Shell Oil Terminal, Martinez, Calif. totaled $116.28 million.
    There were no exports. Imports totaled $116.28 million.
  • Trade with No. 5 Playa de Ponce Port, P.R. rose 16.95 percent to $114.62 million.
    There were no exports. Imports rose 16.95 percent to $114.62 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. 58.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Trinidad and Tobago by value through March were the categories of Gasoline, other fuels; Low value shipments; Parts for heavy machinery; Coal, briquettes; and Electric generating sets, rotary converters, respectively. They accounted for 38.48 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; Acyclic alcohols; and Ammonia –– accounted for 88.66 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 2818.09 percent compared to last year to $151.32 million.
  • Low value shipments rose 32.96 percent compared to last year to $35.72 million.
  • Parts for heavy machinery rose 36.77 percent compared to last year to $21.06 million.
  • Coal, briquettes rose 733514 percent compared to last year to $19.14 million.
  • Electric generating sets, rotary converters rose 3579.35 percent compared to last year to $15.26 million.

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

  • Petroleum gases, other gaseous hydrocarbons rose 24.23 percent compared to last year to $292.9 million.
  • Oil rose 590.64 percent compared to last year to $235.03 million.
  • Spongy ferrous products, iron 99.94% pure rose 27.16 percent compared to last year to $151.66 million.
  • Acyclic alcohols fell 5.96 percent compared to last year to $122.48 million.
  • Ammonia fell 32.12 percent compared to last year to $114.07 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.