Australia (AUS) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

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Australia-Trinidad and Tobago Trade: In 2022, Australia exported $24.5M to Trinidad and Tobago. The main products that Australia exported to Trinidad and Tobago were Sheep and Goat Meat ($12.9M), Coated Flat-Rolled Iron ($1.36M), and Packaged Medicaments ($1.04M). Over the past 5 years the exports of Australia to Trinidad and Tobago have increased at an annualized rate of 42.2%, from $4.21M in 2017 to $24.5M in 2022.

In 2022, Australia did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Australia In N/A, Trinidad and Tobago did not export any products to Australia.

In 2022, Trinidad and Tobago did not export any services to Australia.

Comparison In 2022, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Australia exported $24.5M to Trinidad and Tobago. The main products exported from Australia to Trinidad and Tobago were Sheep and Goat Meat ($12.9M), Coated Flat-Rolled Iron ($1.36M), and Packaged Medicaments ($1.04M). During the last 5 years the exports of Australia to Trinidad and Tobago have increased at an annualized rate of 42.2%, from $4.21M in 2017 to $24.5M in 2022.

Trinidad and Tobago does not register exports to Australia. The main products exported from Trinidad and Tobago to Australia were Nitrogenous Fertilizers ($80.4M), Sauces and Seasonings ($5.1M), and Hard Liquor ($255k).

Exports from Australia () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Australia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Australia
Top DestinationChina$123B

Trinidad and Tobago
Top DestinationUnited States$4.91B

This map shows whether countries import more from Australia or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from Australia and Trinidad and Tobago or the difference in the growth in imports.

In 2022, countries that imported more from Australia than Trinidad and Tobago included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Trinidad and Tobago than Australia included Morocco ($740M), Jamaica ($430M), and Guyana ($257M).

Difference in imports from Trinidad and Tobago () and Australia () (2022)

Comparative Advantage Australia - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Australia and Trinidad and Tobago by product, considering products traded by both, Australia and Trinidad and Tobago.

During 2022, Australia had a large net trade with Trinidad and Tobago in the exports of Animal Products ($13.5M), Metals ($2.32M), and Machines ($1.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Australia Trinidad and Tobago+$461kPackaged Medicaments

Top Product Potential Trinidad and Tobago Australia+$267kHard Liquor

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Australia and Trinidad and Tobago. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Australia.

About

Historical Data

Bilateral Trade by Products

Exports from Australia () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Australia () (2022)

Market Competitiveness

Difference in imports from Trinidad and Tobago () and Australia () (2022)

Comparative Advantage Australia - Trinidad and Tobago

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Australia () and Trinidad and Tobago () (2022)

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