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    Trinidad Exports: Bringing In Money To The Island

    One of the wealthiest islands in the Caribbean, Trinidad exports do not concentrate on a single product that are brought to distant regions around the world. However, the great reserves of oil in the country has ushered to a huge economic development after eight years of fiscal struggle. As a matter of fact, this archipelagic state is among the leading producers of liquefied petroleum gas to the United States where it supplies about sixty- five percent in an annual basis. In 2002, this nation had a growth rate of 3.2% which was a big progress as compared to its neighboring republics.

    Due to oil as one of the primary products for Trinidad exports, the iland enjoys above the average per capita income. However, the region's dependence of its natural reserve is said to have taken the country captive to the crude prices in the world where the major fall happened during the 1980's and 1990's. The ordeal then led to the accumulation of great foreign debts as well as labor unrest and wide unemployment. After how many years, the nation is back to its feet but is still continually fixing the economic breaches that took place in the past. Aside from the liquefied petroleum gas, this archipelagic state also has other goods.

    Trinidad exports also obtain revenues from producing electronics and plastics. There is also the agricultural industry that brings in citrus fruits, coffee, cocoa and sugar cane as the primary commodities. In the past, island has actually been manufacturing foodstuffs but at this juncture, the region imports great bulks of recipes. It is actually surprising considering the rich background of food influenced by diverse cultures such as Chinese, French, Spanish, Portuguese and Indian who introduced to the country their own cuisine that can be tasted by every palate up to this juncture.

    Aside from oil, electronics, plastics and commodities bringing great returns in the island, the tourism industry also have its own contribution. It may not be part of Trinidad exports but the sector has been bringing great amounts of money that all the more developed the economic state of the region. Why not? With the pristine emerald waters and powdery white sands of the Caribbean, any traveler would just be in awe of the natural beauty. The said industry pours in two hundred seventy- five million US dollars to the country. Today, this archipelagic state caters to about four hundred thousand guests each year.

    Up to this juncture, the government continues to improve every product for Trinidad exports.

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