Saturday, January 20, 2018

T&T exports rise by 13%*

IDB estimate for 2017

The Port of Port of Spain.

Though far from a correction to the previous year’s level, Trinidad and Tobago (T&T) exports saw a modest retracement in 2017, Inter-American Development Bank (IDB) economists said last week. Exports had fallen to such a deep and record low in 2016, the 13 per cent increase would mean Trinidad and Tobago exported US$9.3 billion in goods and services, using Central Bank of Trinidad and Tobago (CBTT) Economic Bulletin September 2017 figures. In 2016, Trinidad and Tobago exports fell by 26 per cent versus 2015 to US$8.2 billion.
The fall in Trinidad and Tobago exports last year was the sixth worst in the Americas, according to Paolo Giordano, principal economist of the IDB Integration and Trade Sector (INT). 

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