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2022
Flag → Flag
Exports $334MRnk 60 / 215
2022
Flag → Flag
Top Product $119MIron Ore
2022
Flag → Flag
Exports $106MRnk 20 / 149
2022
Flag → Flag
Top Product $90.9MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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 $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 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

Canada-Trinidad and Tobago Trade: In 2022, Canada exported $334M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). Over the past 5 years the exports of Canada to Trinidad and Tobago have increased at an annualized rate of 30.4%, from $88.5M in 2017 to $334M in 2022.

In 2020, Canada exported services to Trinidad and Tobago worth $42.5M, with Travel ($19.4M), Financial services ($14.2M), and Royalties and license fees ($5.97M) being the largest in terms of value.

Trinidad and Tobago-Canada Trade: In 2022, Trinidad and Tobago exported $106M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). Over the past 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 44.8%,  from $16.6M in 2017 to $106M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

April, 2024

About

Overview In April 2024, Canada exported C$8.31M and imported C$19.1M from Trinidad and Tobago, resulting in a negative trade balance of C$10.8M. Between April 2023 and April 2024 the exports of Canada have decreased by C$-375k (-4.32%) from C$8.69M to C$8.31M, while imports decreased by C$-28.1M (-59.6%) from C$47.2M to C$19.1M.

Trade In April 2024, the top exports of Canada to Trinidad and Tobago were Dried Legumes (C$689k), Other Frozen Vegetables (C$542k), Packaged Medicaments (C$473k), Commodities not elsewhere specified (C$406k), and Newsprint (C$397k). In April 2024 the top imports of Canada from Trinidad and Tobago were Acyclic Alcohols (C$6.53M), Hard Liquor (C$469k), Nitrogen Heterocyclic Compounds (C$129k), Rubberworking Machinery (C$129k), and Non-fillet Fresh Fish (C$126k).

Origins In April 2024 the exports of Canada were mainly from Ontario (C$2.49M), Quebec (C$1.91M), Prince Edward Is. (C$1.12M), New Brunswick (C$751k), and Saskatchewan (C$693k), while imports destinations were mainly Quebec (C$12.6M), Ontario (C$6.17M), British Columbia (C$157k), Alberta (C$106k), and Manitoba (C$23.3k).

Growth In April 2024, the decrease in Canada's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Other Printed Material (C$-630k or -99.7%), Preserved Meat (C$-521k or -84.3%), and Pig Meat (C$-497k or -74.6%). In April 2024, the decrease in Canada's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in Acyclic Alcohols (C$-8.47M or -56.5%), Nitrogen Heterocyclic Compounds (C$-276k or -68.1%), and Spices (C$-32.5k or -88.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (April 2023 - April 2024)C$-375k(-4.32%)
IMPORT GROWTH (April 2023 - April 2024)C$-28.1M(-59.6%)
MAIN EXPORTER (April 2024)OntarioC$2.49M

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

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

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $334M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). During the last 5 years the exports of Canada to Trinidad and Tobago have increased at an annualized rate of 30.4%, from $88.5M in 2017 to $334M in 2022.

In 2017, Trinidad and Tobago exported $106M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). During the last 22 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 44.8%, from $16.6M in 1995 to $106M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Canada than Trinidad and Tobago included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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

Comparative Advantage Canada - Trinidad and Tobago

Flow
Scale

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

During 2022, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Animal Products ($21.6M), and Machines ($19M).

During 2017, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($135M), Mineral Products ($40.8M), and Foodstuffs ($5.06M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Trinidad and Tobago+$1.98MPackaged Medicaments
Top Product Potential Trinidad and Tobago Canada+$41.7MPetroleum Gas

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 Canada and Trinidad and Tobago. This means that a dot/product with the flag of Canada 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 Canada.

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

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