Trinidad and Tobago Balance of Trade2022 Data - 2023 Forecast

Name: Trinidad and Tobago Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Trinidad and Tobago,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Trinidad and Tobago recorded a trade surplus of 259 USD Million in the fourth quarter of 2020. source: Central Bank of Trinidad and Tobago

Balance of Trade in Trinidad and Tobago averaged 651.84 USD Million from 1995 until 2020, 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 July of 2022.

Balance of Trade in Trinidad and Tobago is expected to be 1185.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Balance of Trade is projected to trend around 1113.00 USD Million in 2022 and 1275.00 USD Million in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Balance of Trade	259.00	-5.80	USD Million	Dec 2020
Current Account to GDP	2.30	4.60	percent of GDP	Dec 2020
Current Account	-2.00	-306.40	USD Million	Dec 2020
Exports	1644.60	1348.30	USD Million	Dec 2020
Imports	1385.60	1354.10	USD Million	Dec 2020
External Debt	32082.60	32056.20	TTD Million	Apr 2022

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.