Trinidad and Tobago recorded a trade surplus of 31.60 USD Million in the third quarter of 2020. source: Central Bank of Trinidad and Tobago

Balance of Trade in Trinidad and Tobago averaged 656.03 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 April of 2021.

Balance of Trade in Trinidad and Tobago is expected to be 720.00 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 1275.49 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 2022 and 1275.49 USD Million in 2023, according to our econometric models.

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Trinidad and Tobago Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
31.60 327.90 3473.90 -396.00 1995 - 2020 USD Million Quarterly

Trinidad and Tobago Trade Last Previous Highest Lowest Unit
Balance of Trade 31.60 327.90 3473.90 -396.00 USD Million [+]
Current Account -250.10 303.60 2984.00 -2461.90 USD Million [+]
Current Account to GDP 6.30 5.80 38.59 -12.14 percent [+]
Imports 1288.80 894.50 3976.90 415.70 USD Million [+]
Exports 1320.50 1222.40 6226.80 486.10 USD Million [+]
Gold Reserves 1.94 1.94 1.94 1.86 Tonnes [+]
Terrorism Index 0.16 0.02 2.23 0.00 [+]
External Debt 31547.50 31551.30 31947.60 6215.20 TTD Million [+]
Crude Oil Production 55.35 56.85 155.68 51.21 BBL/D/1K [+]


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.