Trinidad & Tobago is located off the northeast coast of Venezuela. The country consists of two main islands, Trinidad and Tobago, and 21 smaller islands. Trinidad is the larger and more populous of the main islands and Tobago is much smaller, comprising about 6% of the total area and 4% of the population.

Fast Facts 

Capital City: Port of Spain
Language: English
Exchange rate: US$6.21 to 1.00  
Area: 2,000 square miles
Population: 1 million
Climate: Tropical
Time Zone: EST + 1 (no time difference when North America is on Daylight Savings Time)
Airport: Piarco Air Port
Major Ports: Port of Spain and Point Lisas

Trade Highlights

• Exports = $12.02 billion f.o.b. (2007 est.)
• U.S. is the largest importer of goods/services from Trinidad and Tobago (60% of exports or $7.2 billion)
• Trinidad and Tobago is the world’s largest exporter of ammonia and methanol, and the largest supplier of Liquified Natural Gas to the United States.
• Imports = $7.49 billion f.o.b. (2007 est.) 
• U.S. is the largest provider of goods/services to Trinidad and Tobago (31% of imports or $2.25 billion)

Economic Outlook

• GDP = $23.8 billion (2007) and GDP Per Capita = $18,300
• Economic Growth Rates = 8% in 2005, 12% in 2006 and 5.5% in 2007.
• Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates and per capita incomes in Latin America.
• Recent growth has been fueled by investments in liquefied natural gas (LNG), petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning.
• Trinidad and Tobago is the leading Caribbean producer of oil and gas, and its economy is heavily dependent upon these resources but it also supplies manufactured goods, notably food and beverages, as well as cement to the Caribbean region.
• Oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment.
• The country is also a regional financial center, and tourism is a growing sector, although it is not proportionately as important as in many other Caribbean islands. The economy benefits from a growing trade surplus.
• Long-term growth is promising, as Trinidad and Tobago further develops it's hydrocarbon, petrochemical and metal sectors.

Best Prospects 

• Oil and Gas Field Machinery and Services
• Automotive Parts and Services
• Telecommunication Equipment
• Computers and Peripherals
• Construction Equipment - Heavy
• Tourism Services

"Your Connection to Trinidad and Tobago"

Whether your company is looking to enter Trinidad and Tobago for the first time or expand your sales into this market, we can help you succeed! 

Our Caribbean Regional Office provides counseling on market entry/expansion, identification of potential business partners, matchmaking appointments, market research, due dilligence reports, promotional events and other customized services. 

Learn more about Our Services for U.S. Companies, or Contact Us.