2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH
2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 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

Ecuador-Trinidad and Tobago Trade: In 2022, Ecuador exported $13M to Trinidad and Tobago. The main products that Ecuador exported to Trinidad and Tobago were Crustaceans ($5.79M), Other Processed Vegetables ($2.4M), and Frozen Vegetables ($1.21M). Over the past 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 17.6%, from $5.78M in 2017 to $13M in 2022.

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

Trinidad and Tobago-Ecuador Trade: In 2022, Trinidad and Tobago exported $2.46M to Ecuador. The main products that Trinidad and Tobago exported to Ecuador were Acyclic Alcohols ($1.52M), Flavored Water ($813k), and Scrap Plastic ($44.7k). Over the past 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 11%,  from $4.39M in 2017 to $2.46M in 2022.

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

Comparison In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96),  and 68 in total exports ($36B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $13M to Trinidad and Tobago. The main products exported from Ecuador to Trinidad and Tobago were Crustaceans ($5.79M), Other Processed Vegetables ($2.4M), and Frozen Vegetables ($1.21M). During the last 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 17.6%, from $5.78M in 2017 to $13M in 2022.

In 2017, Trinidad and Tobago exported $2.46M to Ecuador. The main products exported from Trinidad and Tobago to Ecuador were Acyclic Alcohols ($1.52M), Flavored Water ($813k), and Scrap Plastic ($44.7k). During the last 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 11%, from $4.39M in 2022 to $2.46M in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Trinidad and Tobago
Top Destination
United States$4.91B

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

In 2022, countries that imported more from Ecuador than Trinidad and Tobago included China ($6.17B), United States ($9.86B), and Panama ($4.97B).

In 2022, countries that imported more from Trinidad and Tobago than Ecuador included Morocco ($740M), Belgium ($894M), and Brazil ($497M).

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

Comparative Advantage Ecuador - Trinidad and Tobago

Flow
Scale

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

During 2022, Ecuador had a large net trade with Trinidad and Tobago in the exports of Animal Products ($6.14M), Foodstuffs ($2.76M), and Vegetable Products ($2.4M).

During 2017, Trinidad and Tobago had a large net trade with Ecuador in the exports of Chemical Products ($1.52M), Foodstuffs ($813k), and Plastics and Rubbers ($44.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ecuador Trinidad and Tobago+$4.13kRefined Petroleum
Top Product Potential Trinidad and Tobago Ecuador+$4.83kPetroleum 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 Ecuador and Trinidad and Tobago. This means that a dot/product with the flag of Ecuador 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 Ecuador.

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

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