Applied tariffs
Simple average MFN applied
2023
*
8.4 %
Trade-weighted MFN average
2023
*
7.9 %
Share of MFN duty-free
2023
66.1 %
Bound tariffs
Simple average bound
56.0 %
Binding coverage
100.0 %
Share of bound duty-free
1.5 %
Imports
Total imports: 7,669.2 million USD in 2024
Imports by partner
United States of America
31.6 %
2,427.0
million USD
China
13.9 %
1,062.9
million USD
European Union
13.7 %
1,049.0
million USD
Brazil
5.9 %
454.5
million USD
United Kingdom
5.9 %
454.1
million USD
Japan
3.9 %
298.9
million USD
Canada
2.7 %
206.7
million USD
Mexico
2.2 %
170.3
million USD
India
2.0 %
156.9
million USD
Thailand
1.8 %
140.6
million USD
Rest of the World
16.3 %
1,248.3
million USD
Imports by products HS 2012
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
8.7 %
669.9
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
6.3 %
486.2
million USD
260112
Agglomerated iron ores and concentrates (excl. roasted iron pyrites)
5.1 %
390.5
million USD
870322
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
3.7 %
285.6
million USD
830710
Flexible tubing of iron or steel, with or without fittings
3.0 %
230.3
million USD
890590
Light-vessels, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function (excl. dredgers, floating or submersible drilling or production platforms; fishing vessels and warships)
2.3 %
175.3
million USD
300490
Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic purposes, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale (excl. containing antibiotics, hormones or steroids used as hormones, alkaloids, provitamins, vitamins, their derivatives, antimalarial active principles and blinded clinical trial kits)
1.8 %
139.8
million USD
890190
Vessels for the transport of goods and vessels for the transport of both persons and goods (excl. refrigerated vessels, tankers, ferry-boats and vessels principally designed for the transport of persons)
1.5 %
112.3
million USD
870421
Motor vehicles for the transport of goods, with only compression-ignition internal combustion piston engine "diesel or semi-diesel", of a gross vehicle weight <= 5 t (excl. dumpers for off-highway use of subheading 8704.10 and special purpose motor vehicles of heading 8705)
1.3 %
99.2
million USD
210690
Food preparations, n.e.s.
1.1 %
82.3
million USD
Rest of the products
65.2 %
4,997.8
million USD
Exports
Total exports: 7,910.7 million USD in 2024
Exports by destination
United States of America
40.8 %
3,227.4
million USD
European Union
17.0 %
1,345.9
million USD
Guyana
5.3 %
415.5
million USD
Other Countries, n.e.s.
3.1 %
244.1
million USD
Brazil
2.8 %
222.1
million USD
Jamaica
2.6 %
207.8
million USD
Morocco
2.5 %
199.7
million USD
China
2.5 %
199.5
million USD
Barbados
2.3 %
183.0
million USD
Mexico
2.1 %
167.6
million USD
Rest of the World
18.9 %
1,498.2
million USD
Exports by products HS 2012
270900
Petroleum oils and oils obtained from bituminous minerals, crude
20.4 %
1,616.1
million USD
290511
Methanol "methyl alcohol"
17.2 %
1,357.1
million USD
281410
Anhydrous ammonia
15.9 %
1,256.0
million USD
720310
Ferrous products obtained by direct reduction of iron ore, in lumps, pellets or similar forms
7.1 %
558.8
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
4.7 %
370.4
million USD
271111
Natural gas, liquefied
4.7 %
368.5
million USD
310280
Mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution (excl. those in packages with a gross weight of <= 10 kg)
3.1 %
246.3
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
2.3 %
180.7
million USD
310210
Urea, whether or not in aqueous solution (excl. that in tablets or similar forms, or in packages with a gross weight of <= 10 kg)
2.1 %
164.2
million USD
890190
Vessels for the transport of goods and vessels for the transport of both persons and goods (excl. refrigerated vessels, tankers, ferry-boats and vessels principally designed for the transport of persons)
1.8 %
145.8
million USD
Rest of the products
20.8 %
1,646.8
million USD
Preferential regimes provided by Trinidad and Tobago
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Trinidad and Tobago as a beneficiary based on other economies reported preferential regimes
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