Merchandise Trade Balance in Trinidad and Tobago
In the year 2023, the merchandise trade balance in Trinidad and Tobago was USD 3.76 billion, compared to USD 6.12 billion in 2013 and USD 9.18 billion in 2022. It averaged USD 3.97 billion over the last decade. For more trade information, visit our dedicated page.
Trinidad and Tobago Trade Chart
Note: This chart displays Trade Balance (USD billion) for Trinidad and Tobago from 2024 to 2023.
Source: Macrobond.
Trinidad and Tobago Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 2.7 | 1.0 | 4.7 | 9.2 | 3.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Trinidadian trade projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable trade forecast available for Trinidadian trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Trinidadian trade projections.
Want to get access to the full dataset of Trinidadian trade forecasts? Send an email to info@focus-economics.com.