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Pricing

2023
Flag → Flag
Exports $152MRnk 121 / 220
2023
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Top Product $18.4MCopper Wire
2023
Flag → Flag
Exports $87.8MRnk 28 / 123
2023
Flag → Flag
Top Product $44.1MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
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GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
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GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Germany-Trinidad and Tobago Trade: In 2023, Germany exported $152M to Trinidad and Tobago. The main products that Germany exported to Trinidad and Tobago were Copper Wire ($18.4M), Cars ($17.4M), and Washing and Bottling Machines ($9.18M). Over the past 5 years the exports of Germany to Trinidad and Tobago have decreased at an annualized rate of 1.09%, from $160M in 2018 to $152M in 2023.

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

Trinidad and Tobago-Germany Trade: In 2023, Trinidad and Tobago exported $87.8M to Germany. The main products that Trinidad and Tobago exported to Germany were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($44.1M), Iron Reductions ($24M), and Nitrogen Heterocyclic Compounds ($6.99M). Over the past 5 years the exports of Trinidad and Tobago to Germany have decreased at an annualized rate of 10.1%,  from $185M in 2018 to $87.8M in 2023.

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

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €8.97M and imported €12.2M from Trinidad and Tobago, resulting in a negative trade balance of €3.25M. Between November 2023 and November 2024 the exports of Germany have decreased by €-7.7M (-46.2%) from €16.7M to €8.97M, while imports increased by €6.46M (112%) from €5.76M to €12.2M.

Trade In November 2024, the top exports of Germany to Trinidad and Tobago were Motor cars and motor caravans (€833k), Machine-tools (€557k), Pharmaceutical products (€529k), Paper and paperboard (€401k), and Measuring and automatical control instruments (€373k). In November 2024 the top imports of Germany from Trinidad and Tobago were Other prefabricated chemicals (€4.23M), Pig iron (€3M), Other mining and quarrying products (€206k), Spirits (€162k), and Returned goods (€150k).

Origins In November 2024 the exports of Germany were mainly from Baden-Württemberg (€1.8M), Bavaria (€1.58M), North Rhine-Westphalia (€1.21M), Lower Saxony (€1.15M), and Hesse (€705k), while imports destinations were mainly Baden-Württemberg (€3.08M), Saarland (€2.61M), Mecklenburg-Vorpommern (€2.07M), North Rhine-Westphalia (€1.99M), and Rhineland-Pfalz (€1.05M).

Growth In November 2024, the decrease in Germany's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Milk and milk products except butter... (€-543k or -85.2%), Machinery for electricity production, distribution (€-466k or -79.4%), and Tubes, pipes of iron or steel (€-231k or -51.8%). In November 2024, the increase in Germany's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Other prefabricated chemicals (€515k or 13.9%), Pig iron (€399k or 15.4%), and Returned goods (€120k or 400%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-7.7M(-46.2%)
IMPORT GROWTH (November 2023 - November 2024)€6.46M(112%)
MAIN EXPORTER (November 2024)Baden-Württemberg€1.8M

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $152M to Trinidad and Tobago. The main products exported from Germany to Trinidad and Tobago were Copper Wire ($18.4M), Cars ($17.4M), and Washing and Bottling Machines ($9.18M). During the last 5 years the exports of Germany to Trinidad and Tobago have decreased at an annualized rate of 1.09%, from $160M in 2018 to $152M in 2023.

In 2018, Trinidad and Tobago exported $87.8M to Germany. The main products exported from Trinidad and Tobago to Germany were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($44.1M), Iron Reductions ($24M), and Nitrogen Heterocyclic Compounds ($6.99M). During the last 5 years the exports of Trinidad and Tobago to Germany have decreased at an annualized rate of 10.1%, from $185M in 2023 to $87.8M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Germany than Trinidad and Tobago included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Trinidad and Tobago than Germany included Guyana ($625M), Barbados ($460M), and Suriname ($180M).

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

Comparative Advantage Germany - Trinidad and Tobago

Flow
Scale

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

During 2023, Germany had a large net trade with Trinidad and Tobago in the exports of Machines ($54.7M), Metals ($28M), and Transportation ($20.6M).

During 2018, Trinidad and Tobago had a large net trade with Germany in the exports of Chemical Products ($52M), Metals ($24M), and Mineral Products ($7.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Trinidad and Tobago+$12.3MCars
Top Product Potential Trinidad and Tobago Germany+$75.9MCrude 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 Germany and Trinidad and Tobago. This means that a dot/product with the flag of Germany 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 Germany.

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

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