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2023
Flag → Flag
Exports $40.9MRnk 68 / 183
2023
Flag → Flag
Top Product $5.64MRaw Sugar
2023
Flag → Flag
Exports $98.1MRnk 27 / 123
2023
Flag → Flag
Top Product $31.1MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC $6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Colombia-Trinidad and Tobago Trade: In 2023, Colombia exported $40.9M to Trinidad and Tobago. The main products that Colombia exported to Trinidad and Tobago were Raw Sugar ($5.64M), Electric Batteries ($5.21M), and Aluminium Cans ($2.96M). Over the past 5 years the exports of Colombia to Trinidad and Tobago have decreased at an annualized rate of 33.7%, from $319M in 2018 to $40.9M in 2023.

In 2023, Colombia did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Colombia Trade: In 2023, Trinidad and Tobago exported $98.1M to Colombia. The main products that Trinidad and Tobago exported to Colombia were Petroleum Gas ($31.1M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($22.2M), and Ammonia ($21.2M). Over the past 5 years the exports of Trinidad and Tobago to Colombia have decreased at an annualized rate of 3.42%,  from $117M in 2018 to $98.1M in 2023.

In 2023, Trinidad and Tobago did not export any services to Colombia.

Comparison In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23),  and 54 in total exports ($54.8B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Colombia exported $40.9M to Trinidad and Tobago. The main products exported from Colombia to Trinidad and Tobago were Raw Sugar ($5.64M), Electric Batteries ($5.21M), and Aluminium Cans ($2.96M). During the last 5 years the exports of Colombia to Trinidad and Tobago have decreased at an annualized rate of 33.7%, from $319M in 2018 to $40.9M in 2023.

In 2018, Trinidad and Tobago exported $98.1M to Colombia. The main products exported from Trinidad and Tobago to Colombia were Petroleum Gas ($31.1M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($22.2M), and Ammonia ($21.2M). During the last 5 years the exports of Trinidad and Tobago to Colombia have decreased at an annualized rate of 3.42%, from $117M in 2023 to $98.1M in 2018.

Exports from Colombia (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Colombia (Flag) (2023)

Latest Data

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

Colombia Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Colombia
Top DestinationUnited States$14.8B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Colombia than Trinidad and Tobago included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Trinidad and Tobago than Colombia included Guyana ($625M), Barbados ($460M), and Croatia ($245M).

Difference in imports from Trinidad and Tobago (Flag) and Colombia (Flag) (2023)

Comparative Advantage Colombia - Trinidad and Tobago

Flow
Scale

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

During 2023, Colombia had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($13.4M), Machines ($9.35M), and Metals ($3.93M).

During 2018, Trinidad and Tobago had a large net trade with Colombia in the exports of Chemical Products ($60.4M), Mineral Products ($31.1M), and Paper Goods ($3.16M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Trinidad and Tobago+$2.47MRefined Petroleum
Top Product Potential Trinidad and Tobago Colombia+$8.49MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

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

Product Space of Colombia (Flag) and Trinidad and Tobago (Flag) (2023)

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