Russian foreign trade
reports and reviews

Russian trade in goods with Trinidad and Tobago in Q4 2019

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 2019: exports, imports, products, dynamics.

Russia’s Trade with Trinidad and Tobago

In the 4th quarter of 2019, Russia’s trade with Trinidad and Tobago was $510,288, down 0.99% ($5,093) from the 4th quarter of 2018.

Russia’s exports to Trinidad and Tobago in the 4th quarter of 2019 totaled $224,273, up 54.20% ($78,834) from the 4th quarter of 2018.

Russia’s imports from Trinidad and Tobago in the 4th quarter of 2019 were $286,015, down 22.69% ($83,927) from the 4th quarter of 2018.

Russia’s trade deficit with Trinidad and Tobago in the 4th quarter of 2019 was $61,742, a 72.50% decrease ($162,761) over the 4th quarter of 2018.

Trinidad and Tobago was Russia’s 169th largest trading partner in the 4th quarter of 2019 (up from 174th in the 4th quarter of 2018), accounting for 0.0003% of Russia’s total trade (just as in the 4th quarter of 2018).

Trinidad and Tobago was Russia’s 163rd largest export market in the 4th quarter of 2019 (up from 171st in the 4th quarter of 2018), accounting for 0.0002% of Russia’s total exports (up from 0.0001% in the 4th quarter of 2018).

Trinidad and Tobago was Russia’s 144th largest supplier in the 4th quarter of 2019 (down from 142nd in the 4th quarter of 2018), accounting for 0.0004% of Russia’s total imports (down from 0.0006% in the 4th quarter of 2018).

Russia’s Exports to Trinidad and Tobago

The major share of Russian exports to Trinidad and Tobago in the 4th quarter of 2019 (and in the 4th quarter of 2018) was accounted for the following product types:

  • Wood and wood products (HS codes 44-49) - 47.49% of Russia’s total exports to Trinidad and Tobago (40.38% in the 4th quarter of 2018);
  • Metals and products from them (HS codes 72-83) - 16.64% of Russia’s total exports to Trinidad and Tobago (0.00% in the 4th quarter of 2018);
  • Machinery, equipment and vehicles (HS codes 84-90) - 14.62% of Russia’s total exports to Trinidad and Tobago (0.00% in the 4th quarter of 2018);
  • Food products and agricultural raw materials (HS codes 01-24) - 12.15% of Russia’s total exports to Trinidad and Tobago (35.86% in the 4th quarter of 2018);
  • Chemical products (HS codes 28-40) - 3.42% of Russia’s total exports to Trinidad and Tobago (16.20% in the 4th quarter of 2018).

The largest gains in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $47,773;
  • Articles of iron or steel (HS code 73) - an increase of $37,326;
  • 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) - an increase of $18,438;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $14,344;
  • Ceramic products (HS code 69) - an increase of $1,760;
  • Plastics and articles thereof (HS code 39) - an increase of $1,220.

The largest declines in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Edible vegetables and certain roots and tubers (HS code 07) - a decrease of $24,905;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $17,122.
Russia’s exports to Trinidad and Tobago in the 4th quarter of 2019 by product groups
HS
code
Name of product group Value of exports
in Q4 2019,
US dollars ($)
Percent share in total export Value of exports
in Q4 2018,
US dollars ($)
Percent change
in Q4 2019
over Q4 2018
07 Edible vegetables and certain roots and tubers 27,250 12.15 52,155-47.75
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 6,443 2.87 23,565-72.66
39 Plastics and articles thereof 1,220 0.54 0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 106,508 47.49 58,73581.34
69 Ceramic products 12,744 5.68 10,98416.02
73 Articles of iron or steel 37,326 16.64 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 14,344 6.40 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 18,438 8.22 0

Russia’s Imports from Trinidad and Tobago

The major share of Russian imports from Trinidad and Tobago in the 4th quarter of 2019 (and in the 4th quarter of 2018) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 99.70% of Russia’s total imports from Trinidad and Tobago (95.26% in the 4th quarter of 2018);
  • Metals and products from them (HS codes 72-83) - 0.00% of Russia’s total imports from Trinidad and Tobago (4.74% in the 4th quarter of 2018).

The largest gains in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • No product groups with a substantial increase.

The largest declines in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Beverages, spirits and vinegar (HS code 22) - a decrease of $65,559;
  • Articles of iron or steel (HS code 73) - a decrease of $17,518;
  • Cocoa and cocoa preparations (HS code 18) - a decrease of $1,701.
Russia’s imports from Trinidad and Tobago in the 4th quarter of 2019 by product groups
HS
code
Name of product group Value of imports in Q4 2019,
US dollars ($)
Percent share in total import Value of imports in Q4 2018,
US dollars ($)
Percent change
in Q4 2019
over Q4 2018
18 Cocoa and cocoa preparations 0 0.00 1,701-100.00
22 Beverages, spirits and vinegar 285,164 99.70 350,723-18.69
73 Articles of iron or steel 0 0.00 17,518-100.00
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 186 0.07 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 665 0.23 0
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Russian foreign trade statistics
Source: Federal Customs Service of Russia