Manufacturing

Manufacturing

Over 100 years of operating in the oil and gas industry enabled Trinidad & Tobago (T&T) to develop the requisite infrastructure of a manufacturing hub in the English-speaking Caribbean. A concentration in food and beverage, chemical/non-metallic minerals and assembly-type industries stimulated the growth of large clusters in these areas.

  • 1st

    in the Caribbean for overall infrastructure
  • 2

    major international ports
  • 63

    Over 63 shipping lines use ports in T&T
  • 3rd

    highest container port throughput in the English-speaking Caribbean
  • 53.6K

    persons employed equivalent to approx. 8.3% of the total labour force.

Sub-Industries

T&T’s manufacturing industry includes 7 distinct sub-industries.

Food, Beverages and Tobacco - the largest sub-industry, includes the production of alcoholic and carbonated beverages, juices, cereals, chocolate, confectionery, canned foods, baked goods and tobacco products.
Source: Review of the Economy 2016 – Ministry of Finance, Trinidad and Tobago

  • Food, Beverages and Tobacco

  • Textiles, Garments& Footwear

  • Printing, Publishing etc.

  • Wood and Related Products

  • Chemicals &Non-Metallic Minerals

  • Assembly Type and Related Industries

  • Miscellaneous Manufacturing

Key Players

Exports

Products made in Trinidad and Tobago are commonplace on the shelves of households throughout CARICOM and are also available in territories with which trade agreements exist.

Major Export Partners

  • CARICOM

  • USA

  • Canada

  • United Kingdom

  • Cuba

  • Chile

Why T&T for Manufacturing?

The manufacturing sector in Trinidad and Tobago benefits from Low Energy Costs, Skilled Labour, Customs Duty Exemptions, and Developmental Grants for Research and Development.

Strategic Location

Located to the north-east of Venezuela, Trinidad lies 11km, at its closest point, from the South American mainland, and approximately 19 km off the international shipping lanes to the USA and Europe. The country provides an ideal geographical location for importing raw materials from South American countries for processing and exportation. Its location below the hurricane belt also provides a safe haven that minimizes operational downtime during the annual hurricane season.

Market Access to 965 million consumers

T&T is a member of the CARICOM Customs Union which gives it market access to 17 million people located among 15 member nations of CARICOM. CARICOM has also signed several bilateral trade agreements with various nations and entities, through which manufacturers located in T&T market has access to a global export market of approximately 965 million people.

Two International Ports

T&T has two separate ports that handle international containerized cargo, as well as other types of cargo such as dry and liquid bulk and RORO carriers. These ports are located in the capital, Port of Spain, and the Point Lisas Industrial Estate.

In 2016, Port of Spain had the 3rd highest container port throughput in the English speaking Caribbean. Shipping lines with regular service to the ports at Port of Spain and Point Lisas include Maersk Line, Mediterranean Shipping Company (MSC), CMA CGM Group, Hapag-Lloyd, Cosco, Zim, Bernuth and Hamburg Sud. Inclusive of these, over 63 shipping lines use ports in Trinidad and Tobago transporting containerized cargo to and from the USA, Europe, UK and the Far East.

Easy Access to Raw Material

Downstream energy commodities produced in significant quantities in T&T include urea, melamine, bitumen and asphalt. The country’s location also offers easy access to mineral rich South American countries including Colombia, Venezuela, Guyana, Suriname and Brazil.

Low Business Costs

T&T is 1st for cost effectiveness in Central America and the Caribbean. Electricity rates start as low as US $0.03 kWh, offering investors access to some of the lowest energy costs in the Western Hemisphere.

Educated, Skilled Workforce

In 2014 T&T had a workforce of approximately 649,100 persons of whom 56,500 are in manufacturing industries. The country's workforce speaks English as a native tongue and there is a high competency of Spanish as the country is only 11km off the coast of South America.

T&T has an attractive policy for tertiary education and this has led to approximately 7,000 tertiary level graduates across a wide range of disciplines. Manufacturing industries benefit from skilled labour trained in Mechanical, Chemical, Instrumentation and Process Engineering, Management Studies and IT related disciplines.

Available Real Estate

Businesses in the Manufacturing sub-industries utilize a significant majority of approximately 35km2 allocated for industrial and business development in T&T through its state owned industrial parks. Currently, 19 industrial parks provide ready facilities to the 250+ local manufacturing companies throughout the country. An additional estimated 5.3 km2 of leasable land is currently available through state owned enterprises e TecK, e-idcot and the AATT.

  • Cove Eco Industrial and Business Park

    Located in Tobago the Cove provides 0.56 Sq.km of developed land lots
  • Tamana InTech Park

    Managed by e TecK. Tamana provides 4.5 Sq.km of leasable real estate.
  • Piarco Aeropark

    Managed by by the Airports Authority of Trinidad and Tobago this Park offers 0.7 Sq.km of prime real estate just a stone's throw away from the Piarco International Airport.

Talk to our expert

Investments

Investment OfficerTEL: +1.868.225.4688 FAX: +1 868 225 5820