Russian trade in goods with Trinidad and Tobago in Q4 2020
based on data from the Federal Customs Service of Russia
Russia’s Trade with Trinidad and Tobago
In the 4th quarter of 2020, Russia’s trade with Trinidad and Tobago totaled $712,830, up 39.69% ($202,542) from the 4th quarter of 2019.
Russia’s exports to Trinidad and Tobago in the 4th quarter of 2020 totaled $372,405, up 66.05% ($148,132) from the 4th quarter of 2019.
Russia’s imports from Trinidad and Tobago in the 4th quarter of 2020 totaled $340,425, up 19.02% ($54,410) from the 4th quarter of 2019.
Russia’s trade balance with Trinidad and Tobago went from a deficit of $61,742 in the 4th quarter of 2019, to a surplus of $31,980 in the 4th quarter of 2020.
Trinidad and Tobago was Russia’s 172nd largest trading partner in the 4th quarter of 2020 (down from 169th in the 4th quarter of 2019), accounting for 0.0004% of Russia’s total trade (up from 0.0003% in the 4th quarter of 2019).
Trinidad and Tobago was Russia’s 170th largest export market in the 4th quarter of 2020 (down from 163rd in the 4th quarter of 2019), accounting for 0.0004% of Russia’s total exports (up from 0.0002% in the 4th quarter of 2019).
Trinidad and Tobago was Russia’s 141st largest supplier in the 4th quarter of 2020 (up from 144th in the 4th quarter of 2019), accounting for 0.0005% of Russia’s total imports (up from 0.0004% in the 4th quarter of 2019).
Russia’s Exports to Trinidad and Tobago
The major share of Russian exports to Trinidad and Tobago in the 4th quarter of 2020 (and in the 4th quarter of 2019) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 45.00% of Russia’s total exports to Trinidad and Tobago (14.62% in the 4th quarter of 2019);
- Metals and products from them (HS codes 72-83) - 36.24% of Russia’s total exports to Trinidad and Tobago (16.64% in the 4th quarter of 2019);
- Wood and wood products (HS codes 44-49) - 13.28% of Russia’s total exports to Trinidad and Tobago (47.49% in the 4th quarter of 2019);
- Chemical products (HS codes 28-40) - 5.49% of Russia’s total exports to Trinidad and Tobago (3.42% in the 4th quarter of 2019);
- Food products and agricultural raw materials (HS codes 01-24) - 0.00% of Russia’s total exports to Trinidad and Tobago (12.15% in the 4th quarter of 2019).
The largest gains in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Articles of iron or steel (HS code 73) - an increase of $97,187;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $62,652;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $56,897;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $47,903;
- 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 $15,242;
- 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 $12,808.
The largest declines in Russia’s exports to Trinidad and Tobago in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $104,970;
- Edible vegetables and certain roots and tubers (HS code 07) - a decrease of $27,250;
- Ceramic products (HS code 69) - a decrease of $12,744.
| HS code |
Name of product group | Value of exports in Q4 2020, US dollars ($) |
Percent share in total export | Value of exports in Q4 2019, US dollars ($) |
Percent change in Q4 2020 over Q4 2019 |
|---|---|---|---|---|---|
| 07 | Edible vegetables and certain roots and tubers | 0 | 0.00 | 27,250 | -100.00 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 19,251 | 5.17 | 6,443 | 198.79 |
| 39 | Plastics and articles thereof | 1,191 | 0.32 | 1,220 | -2.38 |
| 44 | Wood and articles of wood; wood charcoal | 47,903 | 12.86 | 0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 1,538 | 0.41 | 106,508 | -98.56 |
| 69 | Ceramic products | 0 | 0.00 | 12,744 | -100.00 |
| 73 | Articles of iron or steel | 134,513 | 36.12 | 37,326 | 260.37 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 436 | 0.12 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 71,241 | 19.13 | 14,344 | 396.66 |
| 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 | 33,680 | 9.04 | 18,438 | 82.67 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 62,652 | 16.82 | 0 | ∞ |
Russia’s Imports from Trinidad and Tobago
The major share of Russian imports from Trinidad and Tobago in the 4th quarter of 2020 (and in the 4th quarter of 2019) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 95.90% of Russia’s total imports from Trinidad and Tobago (99.70% in the 4th quarter of 2019);
- Metals and products from them (HS codes 72-83) - 2.42% of Russia’s total imports from Trinidad and Tobago (0.00% in the 4th quarter of 2019);
- Chemical products (HS codes 28-40) - 1.69% of Russia’s total imports from Trinidad and Tobago (0.00% in the 4th quarter of 2019).
The largest gains in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Beverages, spirits and vinegar (HS code 22) - an increase of $41,289;
- Articles of iron or steel (HS code 73) - an increase of $8,224;
- Organic chemicals (HS code 29) - an increase of $5,748.
The largest declines in Russia’s imports from Trinidad and Tobago in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- No product groups with a substantial decrease.
| HS code |
Name of product group | Value of imports in Q4 2020, US dollars ($) |
Percent share in total import | Value of imports in Q4 2019, US dollars ($) |
Percent change in Q4 2020 over Q4 2019 |
|---|---|---|---|---|---|
| 22 | Beverages, spirits and vinegar | 326,453 | 95.90 | 285,164 | 14.48 |
| 29 | Organic chemicals | 5,748 | 1.69 | 0 | ∞ |
| 73 | Articles of iron or steel | 8,224 | 2.42 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | 186 | -100.00 |
| 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 | 665 | -100.00 |