Trinidad and Tobago Trade Statistics
Trinidad and Tobago TT: Export: Cost: Border Compliance
TT: Export: Cost: Border Compliance data was reported at 499.000 USD in 2017. This stayed constant from the previous number of 499.000 USD for 2016. TT: Export: Cost: Border Compliance data is updated yearly, averaging 461.500 USD from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 499.000 USD in 2017 and a record low of 424.000 USD in 2015. TT: Export: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 499.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Export: Cost: Border Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Export: Cost: Documentary Compliance
TT: Export: Cost: Documentary Compliance data was reported at 250.000 USD in 2017. This stayed constant from the previous number of 250.000 USD for 2016. TT: Export: Cost: Documentary Compliance data is updated yearly, averaging 250.000 USD from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 250.000 USD in 2017 and a record low of 250.000 USD in 2017. TT: Export: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 250.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Export: Cost: Documentary Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Exports: Lead Time
TT: Exports: Lead Time data was reported at 11.000 Day in 2014. This stayed constant from the previous number of 11.000 Day for 2013. TT: Exports: Lead Time data is updated yearly, averaging 14.000 Day from Dec 2005 to 2014, with 10 observations. The data reached an all-time high of 14.000 Day in 2011 and a record low of 11.000 Day in 2014. TT: Exports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Time to export is the time necessary to comply with all procedures required to export goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 11.00 2014 | yearly | 2005 - 2014 |
View Trinidad and Tobago's Trinidad and Tobago TT: Exports: Lead Time from 2005 to 2014 in the chart:
Trinidad and Tobago TT: Exports: Lead Time: Border Compliance
TT: Exports: Lead Time: Border Compliance data was reported at 60.000 Hour in 2017. This stayed constant from the previous number of 60.000 Hour for 2016. TT: Exports: Lead Time: Border Compliance data is updated yearly, averaging 60.000 Hour from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 60.000 Hour in 2017 and a record low of 60.000 Hour in 2017. TT: Exports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 60.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Exports: Lead Time: Border Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Exports: Lead Time: Documentary Compliance
TT: Exports: Lead Time: Documentary Compliance data was reported at 32.000 Hour in 2017. This stayed constant from the previous number of 32.000 Hour for 2016. TT: Exports: Lead Time: Documentary Compliance data is updated yearly, averaging 32.000 Hour from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 32.000 Hour in 2017 and a record low of 32.000 Hour in 2017. TT: Exports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 32.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Exports: Lead Time: Documentary Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Exports: Number of Documents
TT: Exports: Number of Documents data was reported at 5.000 Number in 2014. This stayed constant from the previous number of 5.000 Number for 2013. TT: Exports: Number of Documents data is updated yearly, averaging 5.000 Number from Dec 2005 to 2014, with 10 observations. The data reached an all-time high of 5.000 Number in 2014 and a record low of 5.000 Number in 2014. TT: Exports: Number of Documents data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. All documents required per shipment to export goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 5.00 2014 | yearly | 2005 - 2014 |
View Trinidad and Tobago's Trinidad and Tobago TT: Exports: Number of Documents from 2005 to 2014 in the chart:
Trinidad and Tobago TT: Goods Trade: % of GDP
TT: Goods Trade: % of GDP data was reported at 58.358 % in 2017. This records a decrease from the previous number of 70.227 % for 2016. TT: Goods Trade: % of GDP data is updated yearly, averaging 95.581 % from Dec 1960 to 2017, with 58 observations. The data reached an all-time high of 190.106 % in 1974 and a record low of 49.784 % in 1985. TT: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;
| Last | Frequency | Range |
|---|---|---|
| 58.36 2017 | yearly | 1960 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Goods Trade: % of GDP from 1960 to 2017 in the chart:
Trinidad and Tobago TT: Import: Cost: Border Compliance
TT: Import: Cost: Border Compliance data was reported at 635.000 USD in 2017. This stayed constant from the previous number of 635.000 USD for 2016. TT: Import: Cost: Border Compliance data is updated yearly, averaging 635.000 USD from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 635.000 USD in 2017 and a record low of 635.000 USD in 2017. TT: Import: Cost: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 635.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Import: Cost: Border Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Import: Cost: Documentary Compliance
TT: Import: Cost: Documentary Compliance data was reported at 250.000 USD in 2017. This stayed constant from the previous number of 250.000 USD for 2016. TT: Import: Cost: Documentary Compliance data is updated yearly, averaging 250.000 USD from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 250.000 USD in 2017 and a record low of 250.000 USD in 2017. TT: Import: Cost: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Insurance cost and informal payments for which no receipt is issued are excluded from the costs recorded. Costs are reported in U.S. dollars. Contributors are asked to convert local currency into U.S. dollars based on the exchange rate prevailing on the day they answer the questionnaire. Contributors are private sector experts in international trade logistics and are informed about exchange rates and their movements. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 250.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Import: Cost: Documentary Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Imports: Lead Time
TT: Imports: Lead Time data was reported at 14.000 Day in 2014. This stayed constant from the previous number of 14.000 Day for 2013. TT: Imports: Lead Time data is updated yearly, averaging 22.500 Day from Dec 2005 to 2014, with 10 observations. The data reached an all-time high of 26.000 Day in 2009 and a record low of 14.000 Day in 2014. TT: Imports: Lead Time data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Time to import is the time necessary to comply with all procedures required to import goods. Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 14.00 2014 | yearly | 2005 - 2014 |
View Trinidad and Tobago's Trinidad and Tobago TT: Imports: Lead Time from 2005 to 2014 in the chart:
Trinidad and Tobago TT: Imports: Lead Time: Border Compliance
TT: Imports: Lead Time: Border Compliance data was reported at 78.000 Hour in 2017. This stayed constant from the previous number of 78.000 Hour for 2016. TT: Imports: Lead Time: Border Compliance data is updated yearly, averaging 78.000 Hour from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 78.000 Hour in 2017 and a record low of 78.000 Hour in 2017. TT: Imports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 78.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Imports: Lead Time: Border Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Imports: Lead Time: Documentary Compliance
TT: Imports: Lead Time: Documentary Compliance data was reported at 44.000 Hour in 2017. This stayed constant from the previous number of 44.000 Hour for 2016. TT: Imports: Lead Time: Documentary Compliance data is updated yearly, averaging 44.000 Hour from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 44.000 Hour in 2017 and a record low of 44.000 Hour in 2017. TT: Imports: Lead Time: Documentary Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. Documentary compliance captures the time and cost associated with compliance with the documentary requirements of all government agencies of the origin economy, the destination economy and any transit economies. The aim is to measure the total burden of preparing the bundle of documents that will enable completion of the international trade for the product and partner pair assumed in the case study.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 44.00 2017 | yearly | 2014 - 2017 |
View Trinidad and Tobago's Trinidad and Tobago TT: Imports: Lead Time: Documentary Compliance from 2014 to 2017 in the chart:
Trinidad and Tobago TT: Imports: Number of Documents
TT: Imports: Number of Documents data was reported at 10.000 Number in 2014. This stayed constant from the previous number of 10.000 Number for 2013. TT: Imports: Number of Documents data is updated yearly, averaging 10.000 Number from Dec 2005 to 2014, with 10 observations. The data reached an all-time high of 10.000 Number in 2014 and a record low of 10.000 Number in 2014. TT: Imports: Number of Documents data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Trinidad and Tobago – Table TT.World Bank.WDI: Trade Statistics. All documents required per shipment to import goods are recorded. It is assumed that the contract has already been agreed upon and signed by both parties. Documents required for clearance by government ministries, customs authorities, port and container terminal authorities, health and technical control agencies and banks are taken into account. Since payment is by letter of credit, all documents required by banks for the issuance or securing of a letter of credit are also taken into account. Documents that are renewed annually and that do not require renewal per shipment (for example, an annual tax clearance certificate) are not included.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 10.00 2014 | yearly | 2005 - 2014 |