Trinidad and Tobago recorded a trade surplus of 488.20 USD Million in the fourth quarter of 2019.
Balance of Trade in Trinidad and Tobago averaged 656.15 USD Million from 1995 until 2019, reaching an all time high of 3473.90 USD Million in the first quarter of 2013 and a record low of -396 USD Million in the third quarter of 2013. This page provides the latest reported value for - Trinidad and Tobago Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Trinidad and Tobago Balance of Trade - values, historical data and charts - was last updated on October of 2020. source: Central Bank of Trinidad and Tobago
Balance of Trade in Trinidad and Tobago is expected to be 710.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Trinidad and Tobago to stand at 880.00 in 12 months time. In the long-term, the Trinidad and Tobago Balance of Trade is projected to trend around 1112.61 USD Million in 2021 and 1275.49 USD Million in 2022, according to our econometric models.
Trinidad and Tobago Balance of Trade
Trinidad and Tobago mainly exports natural gas and oil, ammonia, alcohols, iron, fertilizers, and iron and steel. Trinidad and Tobago mainly imports oil, iron ore, fuel, vehicles, water heaters, ethyl alcohol, iron and steel, pumps and catalysts. Trinidad and Tobago’s main trading partner is the United States, accounting for around 45 percent of total trade. Others include Jamaica, Spain, Colombia, Mexico, the Netherlands, Russia and the Dominican Republic.