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Pricing

2022
Flag → Flag
Exports $37.3MRnk 135 / 218
2022
Flag → Flag
Top Product $5.7MGlazed Ceramics
2022
Flag → Flag
Exports $580MRnk 4 / 149
2022
Flag → Flag
Top Product $408MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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 $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 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

Spain-Trinidad and Tobago Trade: In 2022, Spain exported $37.3M to Trinidad and Tobago. The main products that Spain exported to Trinidad and Tobago were Glazed Ceramics ($5.7M), Unglazed Ceramics ($3.91M), and Iron Pipes ($1.6M). Over the past 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 1.63%, from $40.5M in 2017 to $37.3M in 2022.

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

Trinidad and Tobago-Spain Trade: In 2022, Trinidad and Tobago exported $580M to Spain. The main products that Trinidad and Tobago exported to Spain were Crude Petroleum ($408M), Nitrogenous Fertilizers ($56.9M), and Acyclic Alcohols ($52.1M). Over the past 5 years the exports of Trinidad and Tobago to Spain have increased at an annualized rate of 18.2%,  from $251M in 2017 to $580M in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €3.89M and imported €27.3M from Trinidad and Tobago, resulting in a negative trade balance of €23.4M. Between August 2023 and August 2024 the exports of Spain have increased by €2.43M (167%) from €1.46M to €3.89M, while imports decreased by €-4.93M (-15.3%) from €32.2M to €27.3M.

Trade In August 2024, the top exports of Spain to Trinidad and Tobago were Washing and Bottling Machines (€154k), Baked Goods (€135k), Optical Fibers and optical fibre bundles (€85.3k), Confectionery Sugar (€82.3k), and Fermented Milk Products (€57.7k). In August 2024 the top imports of Spain from Trinidad and Tobago were Crude Petroleum (€32.8M), Petroleum Gas (€25.8M), Acyclic Alcohols (€4.8M), Sauces and Seasonings (€171k), and Inedible Fats and Oils (€97k).

Origins In August 2024 the exports of Spain were mainly from Guipúzcoa (€2.81M), Barcelona (€358k), Castellón (€187k), Valencia (€116k), and Madrid (€106k), while imports destinations were mainly Madrid (€25.8M), Burgos (€1.29M), Huelva (€82.7k), Barcelona (€64.2k), and Vizcaya (€36.8).

Growth In August 2024, the increase in Spain's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Washing and Bottling Machines (€152k or 7.61k%), Optical Fibers and optical fibre bundles (€41.7k or 95.8%), and Baked Goods (€30.7k or 29.4%). In August 2024, the decrease in Spain's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in Petroleum Gas (€-20M or -43.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€2.43M(167%)
IMPORT GROWTH (August 2023 - August 2024)€-4.93M(-15.3%)
MAIN EXPORTER (August 2024)Guipúzcoa€2.81M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $37.3M to Trinidad and Tobago. The main products exported from Spain to Trinidad and Tobago were Glazed Ceramics ($5.7M), Unglazed Ceramics ($3.91M), and Iron Pipes ($1.6M). During the last 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 1.63%, from $40.5M in 2017 to $37.3M in 2022.

In 2017, Trinidad and Tobago exported $580M to Spain. The main products exported from Trinidad and Tobago to Spain were Crude Petroleum ($408M), Nitrogenous Fertilizers ($56.9M), and Acyclic Alcohols ($52.1M). During the last 5 years the exports of Trinidad and Tobago to Spain have increased at an annualized rate of 18.2%, from $251M in 2022 to $580M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Spain than Trinidad and Tobago included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

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

Comparative Advantage Spain - Trinidad and Tobago

Flow
Scale

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

During 2022, Spain had a large net trade with Trinidad and Tobago in the exports of Stone And Glass ($11.6M), Machines ($6.46M), and Metals ($4.24M).

During 2017, Trinidad and Tobago had a large net trade with Spain in the exports of Mineral Products ($432M), Chemical Products ($145M), and Metals ($1.32M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Trinidad and Tobago+$1.27MPackaged Medicaments
Top Product Potential Trinidad and Tobago Spain+$124MPetroleum 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 Spain and Trinidad and Tobago. This means that a dot/product with the flag of Spain 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 Spain.

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

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