Increasing, driven by energy sector exports and imports of machinery and consumer goods.
Special Rates
CARICOM Preferential Rate
0%
Applicable to goods originating from CARICOM member states under the Revised Treaty of Chaguaramas, subject to proof of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Imports of Crude Oil from Trinidad and Tobago
The United States has ramped up imports of crude oil (HS Code: 2709) from Trinidad and Tobago, with recent shipments valued at over $150 million. This surge is driven by U.S. efforts to diversify energy sources amid global supply chain disruptions.
2023-10-15
Impact: This increase strengthens energy trade ties between the U.S. and Trinidad and Tobago, potentially stabilizing U.S. energy costs while boosting Trinidad's export revenue.
Trinidad and Tobago Exports Fertilizers to U.S. Market
Trinidad and Tobago exported fertilizers (HS Code: 3102) worth $120 million to the United States, capitalizing on high demand in the U.S. agricultural sector amidst global fertilizer shortages.
2023-09-22
Impact: This trade supports U.S. agricultural productivity but may face challenges if global fertilizer prices fluctuate or if U.S. domestic production ramps up.
U.S. Exports Machinery to Trinidad and Tobago for Energy Sector
The United States exported industrial machinery (HS Code: 8479) valued at $100 million to Trinidad and Tobago to support upgrades in the latter’s energy infrastructure, particularly in natural gas processing.
2023-08-30
Impact: This export deal enhances Trinidad and Tobago’s energy production capacity, fostering deeper bilateral trade cooperation in the energy sector.
Policy Updates
U.S. Renews Trade Agreement with Caribbean Nations
The United States renewed the Caribbean Basin Trade Partnership Act (CBTPA), which includes Trinidad and Tobago, ensuring duty-free access for certain goods. This policy aims to bolster economic ties and support regional stability.
Date: 2023-10-05
Trinidad and Tobago Updates Export Tariffs on Energy Products
Trinidad and Tobago introduced revised export tariffs on energy-related products (HS Code: 27), aiming to balance domestic supply and international trade commitments. This may impact pricing for U.S. importers.
