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Pricing

2022
Flag → Flag
Exports $180MRnk 89 / 224
2022
Flag → Flag
Top Product $48.4MRefined Petroleum
2022
Flag → Flag
Exports $1.03MRnk 8 / 149
2022
Flag → Flag
Top Product $248MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
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GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

United Kingdom-Trinidad and Tobago In 2022, United Kingdom exported $180M to Trinidad and Tobago. The main products that United Kingdom exported to Trinidad and Tobago are Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). During the last 27 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 0.34%, from $165M in 1995 to $180M in 2022.

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

Trinidad and Tobago-United Kingdom In 2022, Trinidad and Tobago exported $425M to United Kingdom. The main products that Trinidad and Tobago exported to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). During the last 27 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 6.92%, from $69.6M in 1995 to $425M in 2022.

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

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38),  and 14 in total exports ($469B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £8.65M and imported £9.69M from Trinidad and Tobago, resulting in a negative trade balance of £1.04M. Between January 2023 and January 2024 the exports of United Kingdom have increased by £1.46M (20.3%) from £7.19M to £8.65M, while imports increased by £7.31M (306%) from £2.39M to £9.69M.

Trade In January 2024, the top exports of United Kingdom to Trinidad and Tobago were Cars (£2.61M), Valves (£536k), Packaged Medicaments (£452k), Liquid Pumps (£375k), and Motor vehicles; parts and accessories (8701... (£218k). In January 2024 the top imports of United Kingdom from Trinidad and Tobago were Commodities not elsewhere specified (£1.17M), Other Engines (£292k), X-Ray Equipment (£232k), Sauces and Seasonings (£171k), and Hard Liquor (£155k).

Origins In January 2024 the exports of United Kingdom were mainly from London Gateway (£4.14M), Aberdeen (£2.24M), Hull (£1.18M), London Heathrow Airport (£379k), and East Midlands Airport (£225k), while imports destinations were mainly Port Talbot (£4.1M), Manchester (£2.57M), Hull (£2.09M), Grangemouth (£617k), and London Gateway (£127k).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Cars (£2.16M or 483%), Packaged Medicaments (£262k or 138%), and Liquid Pumps (£162k or 76.4%). In January 2024, the increase in United Kingdom's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Other Engines (£286k or 4.97k%), Flavored Water (£91k or 4.96k%), and Valves (£6.7k or 97.2%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£1.46M(20.3%)
IMPORT GROWTH (January 2023 - January 2024)£7.31M(306%)
MAIN EXPORTER (January 2024)London Gateway£4.14M

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

To check Trinidad and Tobago and United Kingdom 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, United Kingdom exported $180M to Trinidad and Tobago. The main products exported from United Kingdom to Trinidad and Tobago were Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). During the last 26 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 0.67%, from $6.03M in 1995 to $180M in 2022.

In 2022, Trinidad and Tobago exported $425M to United Kingdom. The main products exported from Trinidad and Tobago to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). During the last 26 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 4.57%, from $3.46M in 1995 to $425M in 2022.

Exports from United Kingdom (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2021, countries that imported more from United Kingdom than Trinidad and Tobago were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Trinidad and Tobago than United Kingdom were Jamaica ($430M), Guyana ($257M), and Suriname ($115M).

Difference in imports from Trinidad and Tobago (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Trinidad and Tobago

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($48.7M), Chemical Products ($33.2M), and Machines ($26.5M).

During 2022, Trinidad and Tobago had a large net trade with United Kingdom in the exports of Mineral Products ($318M), Chemical Products ($101M), and Foodstuffs ($4.15M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Trinidad and Tobago (Flag) (2022)

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