Russian foreign trade
reports and reviews

Russian trade in goods with Trinidad and Tobago in Q4 2018

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 fourth quarter of 2018: exports, imports, products, dynamics.

Russia’s Trade with Trinidad and Tobago

In the 4th quarter of 2018, Russia’s trade with Trinidad and Tobago was $515,381, down 99.84% ($317,865,556) from the 4th quarter of 2017.

Russia’s exports to Trinidad and Tobago in the 4th quarter of 2018 were $145,439, down 99.95% ($317,957,074) from the 4th quarter of 2017.

Russia’s imports from Trinidad and Tobago in the 4th quarter of 2018 totaled $369,942, up 32.87% ($91,518) from the 4th quarter of 2017.

Russia’s trade balance with Trinidad and Tobago went from a surplus of $317,824,089 in the 4th quarter of 2017, to a deficit of $224,503 in the 4th quarter of 2018.

Trinidad and Tobago was Russia’s 174th largest trading partner in the 4th quarter of 2018 (down from 63rd in the 4th quarter of 2017), accounting for 0.0003% of Russia’s total trade (down from 0.1905% in the 4th quarter of 2017).

Trinidad and Tobago was Russia’s 171st largest export market in the 4th quarter of 2018 (down from 50th in the 4th quarter of 2017), accounting for 0.0001% of Russia’s total exports (down from 0.3092% in the 4th quarter of 2017).

Trinidad and Tobago was Russia’s 142nd largest supplier in the 4th quarter of 2018 (up from 144th in the 4th quarter of 2017), accounting for 0.0006% of Russia’s total imports (up from 0.0004% in the 4th quarter of 2017).

Russia’s Exports to Trinidad and Tobago

The major share of Russian exports to Trinidad and Tobago in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:

  • Wood and wood products (HS codes 44-49) - 40.38% of Russia’s total exports to Trinidad and Tobago (0.02% in the 4th quarter of 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 35.86% of Russia’s total exports to Trinidad and Tobago (0.00% in the 4th quarter of 2017);
  • Chemical products (HS codes 28-40) - 16.20% of Russia’s total exports to Trinidad and Tobago (0.00% in the 4th quarter of 2017);
  • Mineral products (HS codes 25-27) - 0.00% of Russia’s total exports to Trinidad and Tobago (99.81% in the 4th quarter of 2017).

The largest gains in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:

  • Edible vegetables and certain roots and tubers (HS code 07) - an increase of $52,155;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $23,565;
  • Ceramic products (HS code 69) - an increase of $4,685.

The largest declines in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2018 over the 4th quarter of 2017 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 $317,482,523;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $521,163;
  • Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - a decrease of $26,476;
  • Copper and articles thereof (HS code 74) - a decrease of $2,629;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $2,364;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $2,265.
Russia’s exports to Trinidad and Tobago in the 4th quarter of 2018 by product groups
HS
code
Name of product group Value of exports
in Q4 2018,
US dollars ($)
Percent share in total export Value of exports
in Q4 2017,
US dollars ($)
Percent change
in Q4 2018
over Q4 2017
07 Edible vegetables and certain roots and tubers 52,155 35.86 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0 0.00 317,482,523-100.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 23,565 16.20 0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 58,735 40.38 61,099-3.87
69 Ceramic products 10,984 7.55 6,29974.38
73 Articles of iron or steel 0 0.00 59-100.00
74 Copper and articles thereof 0 0.00 2,629-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0 0.00 26,476-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0 0.00 2,265-100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 521,163-100.00

Russia’s Imports from Trinidad and Tobago

The major share of Russian imports from Trinidad and Tobago in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 95.26% of Russia’s total imports from Trinidad and Tobago (83.98% in the 4th quarter of 2017);
  • Metals and products from them (HS codes 72-83) - 4.74% of Russia’s total imports from Trinidad and Tobago (15.94% in the 4th quarter of 2017).

The largest gains in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:

  • Beverages, spirits and vinegar (HS code 22) - an increase of $116,902;
  • Cocoa and cocoa preparations (HS code 18) - an increase of $1,701.

The largest declines in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:

  • Articles of iron or steel (HS code 73) - a decrease of $26,856.
Russia’s imports from Trinidad and Tobago in the 4th quarter of 2018 by product groups
HS
code
Name of product group Value of imports in Q4 2018,
US dollars ($)
Percent share in total import Value of imports in Q4 2017,
US dollars ($)
Percent change
in Q4 2018
over Q4 2017
18 Cocoa and cocoa preparations 1,701 0.46 0
22 Beverages, spirits and vinegar 350,723 94.80 233,82150.00
29 Organic chemicals 0 0.00 35-100.00
39 Plastics and articles thereof 0 0.00 16-100.00
73 Articles of iron or steel 17,518 4.74 44,374-60.52
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 0.00 178-100.00
Share the publication on:
Russian foreign trade statistics
Source: Federal Customs Service of Russia