Russian trade with Trinidad and Tobago in 2021

Russia’s Trade with Trinidad and Tobago

In 2021, Russia’s trade with Trinidad and Tobago was $3,412,086, down 83.21% ($16,912,747) from 2020.

Russia’s exports to Trinidad and Tobago in 2021 were $2,346,306, down 88.08% ($17,331,833) from 2020.

Russia’s imports from Trinidad and Tobago in 2021 totaled $1,065,780, up 64.80% ($419,086) from 2020.

Russia’s trade surplus with Trinidad and Tobago in 2021 was $1,280,526, a 93.27% decrease ($17,750,919) over 2020.

Trinidad and Tobago was Russia’s 172nd largest trading partner in 2021 (down from 151st in 2020), accounting for 0.0004% of Russia’s total trade (down from 0.0036% in 2020).

Trinidad and Tobago was Russia’s 171st largest export market in 2021 (down from 138th in 2020), accounting for 0.0005% of Russia’s total exports (down from 0.0058% in 2020).

Trinidad and Tobago was Russia’s 151st largest supplier in 2021 (just as in 2020), accounting for 0.0004% of Russia’s total imports (up from 0.0003% in 2020).

Russia’s Exports to Trinidad and Tobago

The major share of Russian exports to Trinidad and Tobago in 2021 (and in 2020) was accounted for the following product types:

• Machinery, equipment and vehicles (HS codes 84-90) - 53.85% of Russia’s total exports to Trinidad and Tobago (0.90% in 2020);
• Wood and wood products (HS codes 44-49) - 24.76% of Russia’s total exports to Trinidad and Tobago (5.13% in 2020);
• Metals and products from them (HS codes 72-83) - 8.24% of Russia’s total exports to Trinidad and Tobago (1.09% in 2020);
• Chemical products (HS codes 28-40) - 7.60% of Russia’s total exports to Trinidad and Tobago (0.20% in 2020);
• Food products and agricultural raw materials (HS codes 01-24) - 3.72% of Russia’s total exports to Trinidad and Tobago (1.08% in 2020);
• Mineral products (HS codes 25-27) - 0.00% of Russia’s total exports to Trinidad and Tobago (91.53% in 2020).

The largest gains in Russia’s exports to Trinidad and Tobago in 2021 over 2020 were recorded for the following product groups:

• Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $1,141,197;
• 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 $118,575;
• Ceramic products (HS code 69) - an increase of $21,130;
• Iron and steel (HS code 72) - an increase of $18,181;
• Essential oils and resinoids; perfumery, cosmetic or toilet preparations (HS code 33) - an increase of $17,255;
• Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal (HS code 82) - an increase of $9,618.

The largest declines in Russia’s exports to Trinidad and Tobago in 2021 over 2020 were recorded for the following product groups:

• Ores, slag and ash (HS code 26) - a decrease of $17,863,219;
• Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $252,383;
• Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $175,532;
• Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $148,290;
• Coffee, tea, maté and spices (HS code 09) - a decrease of $95,913;
• Articles of iron or steel (HS code 73) - a decrease of $43,038;
• Edible vegetables and certain roots and tubers (HS code 07) - a decrease of $34,928;
• Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $31,347;
• 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 $22,687.

Russia’s Imports from Trinidad and Tobago

The major share of Russian imports from Trinidad and Tobago in 2021 (and in 2020) was accounted for the following product types:

• Food products and agricultural raw materials (HS codes 01-24) - 99.00% of Russia’s total imports from Trinidad and Tobago (97.71% in 2020);
• Metals and products from them (HS codes 72-83) - 0.64% of Russia’s total imports from Trinidad and Tobago (1.27% in 2020).

The largest gains in Russia’s imports from Trinidad and Tobago in 2021 over 2020 were recorded for the following product groups:

• Beverages, spirits and vinegar (HS code 22) - an increase of $422,350.

The largest declines in Russia’s imports from Trinidad and Tobago in 2021 over 2020 were recorded for the following product groups:

• Organic chemicals (HS code 29) - a decrease of $5,748.