Trinidad and Tobago, a nation known for its vibrant trade landscape, has shown a growing appetite for tapioca starch imports.
Trinidad and Tobago’s Tapioca Starch Imports
In 2021, Trinidad and Tobago imported $62.7k worth of tapioca starch, securing the 94th position among the largest global importers of this product. Tapioca starch ranked as the 2421st most imported product in Trinidad and Tobago during the same year.
The Netherlands emerged as the largest supplier, accounting for a significant portion of Trinidad and Tobago’s tapioca starch imports with a value of $38k. Thailand followed suit, contributing $24.6k, while Nigeria and the United States made smaller contributions of $99 and $26, respectively.
Trinidad and Tobago experienced notable growth in its import markets for tapioca starch between 2020 and 2021. The Netherlands exhibited remarkable expansion as the fastest-growing market, with imports amounting to $38k, indicating the increasing demand for tapioca starch from this source. Nigeria also displayed significant growth with an increase of $99 in imports, while the United States contributed an additional $13 to the import market.
These import market developments highlight the evolving trade dynamics surrounding tapioca starch in Trinidad and Tobago, with the Netherlands, Nigeria, and the United States emerging as key partners.
In 2013, the average tariff rate for tapioca starch imports in Trinidad and Tobago was recorded at 4.73%. Notably, several countries imposed the highest import tariffs of 5% on tapioca starch, including Angola, Burundi, Benin, Burkina Faso, and Botswana. These tariff rates serve as a mechanism to regulate the flow of tapioca starch into the country and protect domestic industries.
Data from BACI