The 2011 Import and Export Market for Mineral Fuels, Lubricants, and Related Materials in Trinidad and Tobago

On the demand side, exporters and strategic planners focusing on mineral fuels, lubricants, and related materials in Trinidad and Tobago face a number of questions. Which countries are supplying mineral fuels, lubricants, and related materials to Trinidad and Tobago? How important is Trinidad and Tobago compared to others in terms of the entire global and regional market? How much do the imports of mineral fuels, lubricants, and related materials vary from one country of origin to another in Trinidad and Tobago? On the supply side, Trinidad and Tobago also exports mineral fuels, lubricants, and related materials. Which countries receive the most exports from Trinidad and Tobago? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for mineral fuels, lubricants, and related materials in Trinidad and Tobago. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for mineral fuels, lubricants, and related materials for those countries serving Trinidad and Tobago via exports, or supplying from Trinidad and Tobago via imports. It does so for the current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Trinidad and Tobago fits into the world market for imported and exported mineral fuels, lubricants, and related materials. The total level of imports and exports on a worldwide basis, and those for Trinidad and Tobago in particular, is estimated using a model which aggregates across over 150 key country