India (IND) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

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India-Trinidad and Tobago In 2022, India exported $136M to Trinidad and Tobago. The main products that India exported to Trinidad and Tobago are Packaged Medicaments ($20.2M), Cars ($13.4M), and Coated Flat-Rolled Iron ($10.7M). During the last 27 years the exports of India to Trinidad and Tobago have increased at an annualized rate of 11.2%, from $7.77M in 1995 to $136M in 2022.

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

Trinidad and Tobago-India In 2022, Trinidad and Tobago exported $95M to India. The main products that Trinidad and Tobago exported to India were Petroleum Gas ($84.8M), Aluminium Ore ($7.41M), and Scrap Aluminium ($683k). During the last 27 years the exports of Trinidad and Tobago to India have increased at an annualized rate of 23.3%, from $335k in 1995 to $95M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). 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

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Overview In January 2024, India exported $5.51M and imported $35.9M from Trinidad and Tobago, resulting in a negative trade balance of $30.4M. Between January 2023 and January 2024 the exports of India have decreased by $-1.69M (-23.5%) from $7.2M to $5.51M, while imports increased by $35.9M (193k%) from $18.6k to $35.9M.

Trade In January 2024, the top exports of India to Trinidad and Tobago were Motor Vehicle/Cars ($2.34M), Drug Formulations, Biologicals ($1.59M), Products Of Iron And Steel ($385k), Plastc Sht, Film, Plts Et ($357k), and Iron And Steel ($265k). In January 2024 the top imports of India from Trinidad and Tobago were Paper, Paper Board And Product ($13.7k), Computer Hardware, Peripherals ($4.17k), and Electronics Components ($746).

Growth In January 2024, the decrease in India's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Iron And Steel ($-1.23M or -82.3%), Indl. Machnry For Dairy Etc ($-352k or -86.1%), and Plastc Sht, Film, Plts Et ($-163k or -31.3%). In January 2024, the increase in India's year-by-year imports from Trinidad and Tobago was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-1.69M(-23.5%)

IMPORT GROWTH (January 2023 - January 2024)$35.9M(193k%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $136M to Trinidad and Tobago. The main products exported from India to Trinidad and Tobago were Packaged Medicaments ($20.2M), Cars ($13.4M), and Coated Flat-Rolled Iron ($10.7M). During the last 27 years the exports of India to Trinidad and Tobago have increased at an annualized rate of 11.2%, from $7.77M in 1995 to $136M in 2022.

In 2022, Trinidad and Tobago exported $95M to India. The main products exported from Trinidad and Tobago to India were Petroleum Gas ($84.8M), Aluminium Ore ($7.41M), and Scrap Aluminium ($683k). During the last 27 years the exports of Trinidad and Tobago to India have increased at an annualized rate of 23.3%, from $335k in 1995 to $95M in 2022.

Exports from India () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2021, countries that imported more from India than Trinidad and Tobago were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Trinidad and Tobago than India were Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

Difference in imports from Trinidad and Tobago () and India () (2022)

Comparative Advantage India - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Trinidad and Tobago in the exports of Metals ($32.9M), Chemical Products ($29.1M), and Transportation ($16.6M).

During 2022, Trinidad and Tobago had a large net trade with India in the exports of Mineral Products ($92.2M), Metals ($1.85M), and Chemical Products ($308k).

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to India () (2022)

Market Competitiveness

Difference in imports from Trinidad and Tobago () and India () (2022)

Comparative Advantage India - Trinidad and Tobago

Economic Complexity

Competitive Landscape

Product Space of India () and Trinidad and Tobago () (2022)

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