2021
Flag  
GDP
$1.55TCURRENT US$
Rnk 13 / 204
2011-2021
Flag
GDP GROWTH
11%CURRENT US$
Rnk 141 / 204
2021
Flag
 GDP
$24.5BCURRENT US$
Rnk 109 / 204
2011-2021
Flag
GDP GROWTH
-3.82%CURRENT US$
Rnk 178 / 204
2021
Flag
GDP PC 
$60,445CURRENT US$
Rnk 17 / 204
2011-2021
Flag
GDP PC GROWTH
-3.44%CURRENT US$
Rnk 157 / 204
2021
Flag
GDP PC
$16,033CURRENT US$
Rnk 70 / 204
2011-2021
Flag
GDP PC GROWTH
-10.5%CURRENT US$
Rnk 167 / 204

About

Australia-Trinidad and Tobago In 2021, Australia exported $191M to Trinidad and Tobago. The main products that Australia exported to Trinidad and Tobago are Other Sea Vessels ($91.5M), Passenger and Cargo Ships ($81.6M), and Sheep and Goat Meat ($8.44M). During the last 26 years the exports of Australia to Trinidad and Tobago have increased at an annualized rate of 15.8%, from $4.25M in 1995 to $191M in 2021.

In 2021, Australia did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Australia In 2021, Trinidad and Tobago exported $11.5M to Australia. The main products that Trinidad and Tobago exported to Australia were Scented Mixtures ($5.62M), Sauces and Seasonings ($4.56M), and Other Engines ($492k). During the last 26 years the exports of Trinidad and Tobago to Australia have increased at an annualized rate of 9.68%, from $1.04M in 1995 to $11.5M in 2021.

In 2021, Trinidad and Tobago did not export any services to Australia.

Comparison In 2021,  Australia ranked 82 in the Economic Complexity Index (ECI -0.41),  and 20 in total exports ($343B). That same year, Trinidad and Tobago ranked 96 in total exports ($9.86B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Australia exported $191M to Trinidad and Tobago. The main products exported from Australia to Trinidad and Tobago were Other Sea Vessels ($91.5M), Passenger and Cargo Ships ($81.6M), and Sheep and Goat Meat ($8.44M). During the last 26 years the exports of Australia to Trinidad and Tobago have increased at an annualized rate of 15.8%, from $4.25M in 1995 to $191M in 2021.

In 2021, Trinidad and Tobago exported $11.5M to Australia. The main products exported from Trinidad and Tobago to Australia were Scented Mixtures ($5.62M), Sauces and Seasonings ($4.56M), and Other Engines ($492k). During the last 26 years the exports of Trinidad and Tobago to Australia have increased at an annualized rate of 9.68%, from $1.04M in 1995 to $11.5M in 2021.

Exports from Australia (Flag) to Trinidad and Tobago (Flag) (2021)

Exports from Trinidad and Tobago (Flag) to Australia (Flag) (2021)

Latest Data

Trade between Australia (Flag) and Trinidad and Tobago (Flag)

Australia Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Australia
Top Destination
China$138B
Trinidad and Tobago
Top Destination
United States$3.63B

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 2021, countries that imported more from Australia than Trinidad and Tobago were China ($138B), Japan ($47B), and South Korea ($29.4B).

In 2021, countries that imported more from Trinidad and Tobago than Australia were Guyana ($580M), Morocco ($277M), and Colombia ($294M).

Difference in imports from Trinidad and Tobago (Flag) and Australia (Flag) (2021)

Comparative Advantage Australia - Trinidad and Tobago

Flow
Scale

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

During 2021, Australia had a large net trade with Trinidad and Tobago in the exports of Transportation ($173M), Animal Products ($12.1M), and Machines ($2.04M).

During 2021, Trinidad and Tobago had a large net trade with Australia in the exports of Chemical Products ($5.63M), Foodstuffs ($4.98M), and Machines ($773k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Australia has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over Australia.

Product Space of Australia (Flag) and Trinidad and Tobago (Flag) (2021)

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