According to the Economic Commission for Latin America and the Caribbean (ECLAC) Report, Trinidad and Tobago is the best exporter in the region for 2022.
T&T’s exports increased by an estimated 69%.
In addition, the Central Statistical Office indicated in 2022, total exports were at TT$83.2 billion, which far surpasses the export growth in 2019 valued at TT$48.6 billion – a 71% increase in exports.
Energy exports make up the bulk of the increase at TT$66.4 billion, while non-energy exports were valued at TT$16.8 billion.
Exports in the food and beverage sector were valued at TT$3.1 billion in 2022 with the top exported commodities being water, pre-cooked and prepared food from cereals, aromatic bitters, other non-alcoholic beverages, and chocolate and cocoa preparations.
The Ministry of Trade and Industry said for 2023, it is continuing the implementation of initiatives aimed at achieving a further increase in non-energy exports.
The Ministry added this increase will ultimately generate more foreign exchange and new job opportunities.