Russian foreign trade
reports and reviews

Russian trade in goods with Trinidad and Tobago in Q2 2017

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Trinidad and Tobago in the second quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Trinidad and Tobago

In the 2nd quarter of 2017, Russia’s trade with Trinidad and Tobago was $118,751,877, down 41.42% ($83,955,147) from the 2nd quarter of 2016.

Russia’s exports to Trinidad and Tobago in the 2nd quarter of 2017 were $118,568,483, down 41.50% ($84,100,433) from the 2nd quarter of 2016.

Russia’s imports from Trinidad and Tobago in the 2nd quarter of 2017 totaled $183,394, up 381.25% ($145,286) from the 2nd quarter of 2016.

Russia’s trade surplus with Trinidad and Tobago in the 2nd quarter of 2017 was $118,385,089, a 41.58% decrease ($84,245,719) over the 2nd quarter of 2016.

Trinidad and Tobago was Russia’s 78th largest trading partner in the 2nd quarter of 2017 (down from 65th in the 2nd quarter of 2016), accounting for 0.0850% of Russia’s total trade (down from 0.1862% in the 2nd quarter of 2016).

Trinidad and Tobago was Russia’s 67th largest export market in the 2nd quarter of 2017 (down from 48th in the 2nd quarter of 2016), accounting for 0.1412% of Russia’s total exports (down from 0.3050% in the 2nd quarter of 2016).

Trinidad and Tobago was Russia’s 144th largest supplier in the 2nd quarter of 2017 (up from 161st in the 2nd quarter of 2016), accounting for 0.0003% of Russia’s total imports (up from 0.0001% in the 2nd quarter of 2016).

Russia’s Exports to Trinidad and Tobago

The major share of Russian exports to Trinidad and Tobago in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 99.83% of Russia’s total exports to Trinidad and Tobago (99.95% in the 2nd quarter of 2016).

The largest gains in Russia’s exports to Trinidad and Tobago in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Ores, slag and ash (HS code 26) - an increase of $5,808,244.

The largest declines in Russia’s exports to Trinidad and Tobago in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $90,012,501.
Russia’s exports to Trinidad and Tobago in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q2 2017,
US dollars ($)
Percent share in total export Value of exports
in Q2 2016,
US dollars ($)
Percent change
in Q2 2017
over Q2 2016
26 Ores, slag and ash 5,808,244 4.90 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 112,562,169 94.93 202,574,670-44.43
39 Plastics and articles thereof 0 0.00 37-100.00
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 52,240 0.04 18128,761.88
69 Ceramic products 18,647 0.02 16,57212.52
73 Articles of iron or steel 4,810 0.00 42,368-88.65
74 Copper and articles thereof 3,263 0.00 470594.26
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 4,570 0.00 6,707-31.86
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 13,779 0.01 27,911-50.63
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 100,513 0.08 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 248 0.00 0

Russia’s Imports from Trinidad and Tobago

The major share of Russian imports from Trinidad and Tobago in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 58.45% of Russia’s total imports from Trinidad and Tobago (98.00% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 41.55% of Russia’s total imports from Trinidad and Tobago (0.00% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 0.00% of Russia’s total imports from Trinidad and Tobago (2.00% in the 2nd quarter of 2016).

The largest gains in Russia’s imports from Trinidad and Tobago in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Articles of iron or steel (HS code 73) - an increase of $76,203;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $69,844.

The largest declines in Russia’s imports from Trinidad and Tobago in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - a decrease of $761.
Russia’s imports from Trinidad and Tobago in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q2 2017,
US dollars ($)
Percent share in total import Value of imports in Q2 2016,
US dollars ($)
Percent change
in Q2 2017
over Q2 2016
22 Beverages, spirits and vinegar 107,191 58.45 37,347187.01
73 Articles of iron or steel 76,203 41.55 0
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 0 0.00 761-100.00

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Russian foreign trade statistics
Source: Federal Customs Service of Russia