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Trinidad and Tobago

Trinidad and Tobago ranked No. 57 in total trade value through June with a total of $3.21 billion. Exports totaled $1.35 billion and Imports totaled $1.86 billion, a deficit of $508.88 million.

January – June 2019

Top Trading Ports

Total Trade: $3.21 billion

RankPortTotal YTD
1Port of Houston $382,855,136
2Playa de Ponce Port, P.R. $281,314,290
3Port of New Orleans $254,567,703
4Port Miami $196,454,195
5Port of Charleston $194,256,088
6Port of Boston $177,344,842
7Miami International Airport $137,585,427
8Shell Oil Terminal, Martinez, Calif. $125,120,001
9Port of Lake Charles, La. $116,587,387
10Port of Mobile, Ala. $113,973,157

U.S. trade with Trinidad and Tobago rose to $3.21 billion through June

Trinidad and Tobago’s trade with the United States rose to $3.21 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 12.31 percent above its total trade during the same time period last year. Trinidad and Tobago’s exports increased 33.11 percent while imports rose 0.86 percent. The U.S. deficit with Trinidad and Tobago was $508.88 million.

Through June, the top five among the nation’s airports, seaports and border crossings 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. During the same period the previous year, the top five were No. 1 Port of Houston No. 2 Port Miami No. 3 Port of Charleston No. 4 Miami International Airport and No. 5 Playa de Ponce Port, P.R.. In the current time period, the top five accounted for 40.74 percent of Trinidad and Tobago’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Houston rose 2.21 percent to $382.86 million.
    Exports rose 38.72 percent to $251.7 million. Imports fell 32.09 percent to $131.15 million.
  • Trade with No. 2 Playa de Ponce Port, P.R. rose 52.59 percent to $281.31 million.
    There were no exports. Imports rose 52.59 percent to $281.31 million.
  • Trade with No. 3 Port of New Orleans rose 67.91 percent to $254.57 million.
    Exports rose 161.22 percent to $128.35 million. Imports rose 23.16 percent to $126.21 million.
  • Trade with No. 4 Port Miami fell 3.48 percent to $196.45 million.
    Exports rose 9.58 percent to $194.9 million. Imports fell 93.94 percent to $1.56 million.
  • Trade with No. 5 Port of Charleston fell 3.02 percent to $194.26 million.
    Exports fell 8.66 percent to $4.79 million. Imports fell 2.87 percent to $189.46 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. 59.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Trinidad and Tobago by value through June were the categories of Gasoline, other fuels; Floating or submersible docks, platforms; Low value shipments; Coal, briquettes; and Parts for heavy machinery, respectively. They accounted for 39.24 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 86.89 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 2366.99 percent compared to last year to $303.71 million.
  • Floating or submersible docks, platforms totaled $82.21 million. The previous year, there were no exports in this category.
  • Low value shipments rose 28.89 percent compared to last year to $73.51 million.
  • Coal, briquettes rose 233.84 percent compared to last year to $38.3 million.
  • Parts for heavy machinery fell 20.84 percent compared to last year to $33.01 million.

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

  • Petroleum gases, other gaseous hydrocarbons rose 37.49 percent compared to last year to $479.84 million.
  • Oil rose 567.47 percent compared to last year to $407.78 million.
  • Spongy ferrous products, iron 99.94% pure rose 5.02 percent compared to last year to $299.98 million.
  • Acyclic alcohols fell 11.57 percent compared to last year to $239.53 million.
  • Ammonia fell 35.36 percent compared to last year to $190.32 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.