2021
Flag  
GDP
$594BCURRENT US$
Rnk 23 / 204
2011-2021
Flag
GDP GROWTH
13.6%CURRENT US$
Rnk 131 / 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 
$51,268CURRENT US$
Rnk 25 / 204
2011-2021
Flag
GDP PC GROWTH
8.14%CURRENT US$
Rnk 122 / 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

Belgium-Trinidad and Tobago In 2021, Belgium exported $53M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago are Copper Wire ($19.1M), Iron Blocks ($4.47M), and Other Frozen Vegetables ($4.08M). During the last 22 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 3.45%, from $25.1M in 1999 to $53M in 2021.

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

Trinidad and Tobago-Belgium In 2021, Trinidad and Tobago exported $354M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Acyclic Alcohols ($186M), Ammonia ($96.9M), and Crude Petroleum ($45.8M). During the last 22 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 16.8%, from $11.6M in 1999 to $354M in 2021.

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

Comparison In 2021,  Belgium ranked 18 in the Economic Complexity Index (ECI 1.28),  and 15 in total exports ($403B). 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, Belgium exported $53M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Copper Wire ($19.1M), Iron Blocks ($4.47M), and Other Frozen Vegetables ($4.08M). During the last 22 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 3.45%, from $25.1M in 1999 to $53M in 2021.

In 2021, Trinidad and Tobago exported $354M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Acyclic Alcohols ($186M), Ammonia ($96.9M), and Crude Petroleum ($45.8M). During the last 22 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 16.8%, from $11.6M in 1999 to $354M in 2021.

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

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

Market Competitiveness

Color
Belgium
Top Destination
Germany$62.7B
Trinidad and Tobago
Top Destination
United States$3.63B

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

In 2021, countries that imported more from Belgium than Trinidad and Tobago were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Trinidad and Tobago than Belgium were Guyana ($580M), Jamaica ($202M), and Barbados ($126M).

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

Comparative Advantage Belgium - Trinidad and Tobago

Flow
Scale

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

During 2021, Belgium had a large net trade with Trinidad and Tobago in the exports of Metals ($24.5M), Chemical Products ($9.18M), and Foodstuffs ($7.98M).

During 2021, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($306M), Mineral Products ($46.3M), and Metals ($1.8M).

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 Belgium has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over Belgium.

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

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