2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
 GDP
$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH
-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC
$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH
-6.54%CURRENT US$
Rnk 162 / 195

About

Israel-Trinidad and Tobago Trade: In 2023, Israel exported $3.37M to Trinidad and Tobago. The main products that Israel exported to Trinidad and Tobago were Chlorides ($1.57M), Video Recording Equipment ($660k), and Medical Instruments ($210k). Over the past 5 years the exports of Israel to Trinidad and Tobago have decreased at an annualized rate of 15.5%, from $7.79M in 2018 to $3.37M in 2023.

In 2006, Israel exported services to Trinidad and Tobago worth $1.25M, with Computer and information services ($1.17M) and Construction services ($77k) being the largest in terms of value.

Trinidad and Tobago-Israel Trade: In 2023, Trinidad and Tobago exported $149k to Israel. The main products that Trinidad and Tobago exported to Israel were Hard Liquor ($106k), Inorganic Salts ($15k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11k). Over the past 5 years the exports of Trinidad and Tobago to Israel have increased at an annualized rate of 8.65%,  from $98.4k in 2018 to $149k in 2023.

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

Comparison In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28),  and 49 in total exports ($69.3B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Israel exported $3.37M to Trinidad and Tobago. The main products exported from Israel to Trinidad and Tobago were Chlorides ($1.57M), Video Recording Equipment ($660k), and Medical Instruments ($210k). During the last 5 years the exports of Israel to Trinidad and Tobago have decreased at an annualized rate of 15.5%, from $7.79M in 2018 to $3.37M in 2023.

In 2018, Trinidad and Tobago exported $149k to Israel. The main products exported from Trinidad and Tobago to Israel were Hard Liquor ($106k), Inorganic Salts ($15k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11k). During the last 5 years the exports of Trinidad and Tobago to Israel have increased at an annualized rate of 8.65%, from $98.4k in 2023 to $149k in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Trinidad and Tobago (Flag)

Israel Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Trinidad and Tobago
Top Destination
United States$3.26B

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

In 2023, countries that imported more from Israel than Trinidad and Tobago included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Trinidad and Tobago than Israel included Guyana ($625M), Chile ($605M), and Barbados ($460M).

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

Comparative Advantage Israel - Trinidad and Tobago

Flow
Scale

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

During 2023, Israel had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($1.73M), Machines ($1.21M), and Instruments ($398k).

During 2018, Trinidad and Tobago had a large net trade with Israel in the exports of Foodstuffs ($106k), Chemical Products ($26k), and Plastics and Rubbers ($15k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Trinidad and Tobago+$608kTelephones
Top Product Potential Trinidad and Tobago Israel+$127kHard Liquor

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Israel and Trinidad and Tobago. This means that a dot/product with the flag of Israel 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 Israel.

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with