Exports in Trinidad and Tobago

Trinidad & Tobago Exports | Economic News & Forecasts

Trinidad and Tobago - Exports

Following Q3’s acceleration driven by a surge in crude oil exploration and extraction, growth momentum likely carried over into Q4 of 2021, further aided by the easing of Covid-19-related restrictions. Still, higher inflation and an uptick in the unemployment rate in the period should have capped household spending. Turning to 2022, inflation rose quickly in January–February and likely accelerated further though May, as commodity prices rose globally, hurting consumers’ purchasing power. That said, the rollback of all Covid-19 restrictions will have supported business activity and the tourism sector. Meanwhile, higher energy prices favor the external sector; mineral fuels account for over half of the country’s goods exports. Fertilizer prices have also risen due to the war in Ukraine, driving up prices for agricultural product exports, which should be supporting government finances.

Trinidad & Tobago - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)11.4  8.3  9.4  10.5  -     

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Trinidad & Tobago Facts

Value Change Date
Exchange Rate6.760.39 %Jan 01

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