Countries / Territories

Trinidad and Tobago

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Country Brief

Trinidad and Tobago is one of the largest economies in the Caribbean. The oil and gas sector contributes to almost half of the GDP and more than two thirds of its merchandise exports. The economy was severely affected by the financial crisis, falling energy prices and the collapse of a financial conglomerate established in the country. The country supplies manufactured goods and cement to the Caribbean and has evolved into a financial hub for the region. It is considered a high income country displaying a high human development index.

In 2010, the country participated in the EU funded project implemented by ITC and Caribbean Export for promoting CARIFORUM Creative Industries. The country also benefited in 2012 and 2013 from ITC support to conduct a survey on non-tariff-measures and a benchmarking assessment of ExporTT.

Based on the ITC 2014-2018 Strategic Approach to the Caribbean Region, ITC will focus on implementing at regional level the recommendations of strategies recently developed by CARICOM for the cultural industries and professional services sectors.

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Export potential

Notes: Top 20 products listed in decreasing order of their export potential to the world. Development indicators are relative to the country’s current situation, green indicating performance above its trade-weighted median and red otherwise. A blank cell indicates that data are not available. A blank cell in export potential means that the product was not consistently demanded over five years by any country in the respective region. Exports (US$ thousand) correspond to average exports to the world over the period 2009-2013.