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2022
Flag → Flag
Exports $173MRnk 91 / 222
2022
Flag → Flag
Top Product $120MRefined Petroleum
2022
Flag → Flag
Exports $894MRnk 2 / 149
2022
Flag → Flag
Top Product $507MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Belgium-Trinidad and Tobago Trade: In 2022, Belgium exported $173M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago were Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). Over the past 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 26.3%, from $53.9M in 2017 to $173M in 2022.

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

Trinidad and Tobago-Belgium Trade: In 2022, Trinidad and Tobago exported $894M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). Over the past 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 43.7%,  from $146M in 2017 to $894M in 2022.

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

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25),  and 13 in total exports ($475B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €1.92M and imported €41.6M from Trinidad and Tobago, resulting in a negative trade balance of €39.7M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-28.2M (-93.6%) from €30.1M to €1.92M, while imports increased by €36.1M (647%) from €5.58M to €41.6M.

Trade In July 2024, the top exports of Belgium to Trinidad and Tobago were Mineral fuels, mineral oils and products... (€27.2M), Food residues & wastes; animal fodder (€600k), Preparations of vegetables, fruit, nuts or... (€247k), Misc. manufactures (€214k), and Chemical products n.e.s. (€101k). In July 2024 the top imports of Belgium from Trinidad and Tobago were Inorganic chemicals (€49M), Organic chemicals (€3.99M), Fertilizers (€1.66M), Chemical products n.e.s. (€2.91k), and Mineral fuels, mineral oils and products... (€171).

Growth In July 2024, the decrease in Belgium's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Copper articles (€-1.56M or -100%), Plastics & articles thereof (€-167k or -90.4%), and Organic chemicals (€-110k or -98.7%). In July 2024, the increase in Belgium's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Fertilizers (€121k or 7.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-28.2M(-93.6%)
IMPORT GROWTH (July 2023 - July 2024)€36.1M(647%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Trinidad and Tobago and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $173M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). During the last 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 26.3%, from $53.9M in 2017 to $173M in 2022.

In 2017, Trinidad and Tobago exported $894M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). During the last 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 43.7%, from $146M in 2022 to $894M in 2017.

Exports from Belgium (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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 2022, countries that imported more from Belgium than Trinidad and Tobago included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Trinidad and Tobago than Belgium included Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

Difference in imports from Trinidad and Tobago (Flag) and Belgium (Flag) (2022)

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 2022, Belgium had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Metals ($21.2M), and Foodstuffs ($10.2M).

During 2017, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($777M), Mineral Products ($109M), and Metals ($8.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Trinidad and Tobago+$3.99MRefined Petroleum
Top Product Potential Trinidad and Tobago Belgium+$26.5MCrude Petroleum

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

This visualization shows the product space at the HS4 level with the flags of Belgium and Trinidad and Tobago. This means that a dot/product with the flag of Belgium 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 Belgium.

Product Space of Belgium (Flag) and Trinidad and Tobago (Flag) (2022)

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