Port of Spain is the capital of Trinidad and Tobago and the country's third largest municipality, after San Fernando and Chaguanas. It is located on the Gulf of Paria, on the northwest coast of the island of Trinidad.
The city serves primarily as a retail and administrative center. It also serves as a financial services center and is home to two of the largest banks in the Caribbean. It is one of the major shipping hubs of the Caribbean, with exports of agricultural products and asphalt. Bauxite from the Guianas and iron ore from Venezuela are trans-shipped via facilities at Chaguaramus, about five miles (8 km) west of the city. Despite its small population, Port of Spain is Trinidad & Tobago's most developed city.