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2023
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Exports $182MRnk 105 / 211
2023
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Top Product $141MCars
2023
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Exports $139MRnk 20 / 123
2023
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Top Product $107MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
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2023
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 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
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GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
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GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Japan-Trinidad and Tobago Trade: In 2023, Japan exported $182M to Trinidad and Tobago. The main products that Japan exported to Trinidad and Tobago were Cars ($141M), Delivery Trucks ($12.2M), and Spark-Ignition Engines ($7.81M). Over the past 5 years the exports of Japan to Trinidad and Tobago have decreased at an annualized rate of 1.33%, from $195M in 2018 to $182M in 2023.

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

Trinidad and Tobago-Japan Trade: In 2023, Trinidad and Tobago exported $139M to Japan. The main products that Trinidad and Tobago exported to Japan were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($107M), Petroleum Gas ($30.8M), and Hard Liquor ($421k). Over the past 5 years the exports of Trinidad and Tobago to Japan have increased at an annualized rate of 3.75%,  from $115M in 2018 to $139M in 2023.

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

Comparison In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($766B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥3.34B and imported ¥965M from Trinidad and Tobago, resulting in a positive trade balance of ¥2.37B. Between November 2023 and November 2024 the exports of Japan have increased by ¥562M (20.2%) from ¥2.78B to ¥3.34B, while imports increased by ¥326M (51%) from ¥639M to ¥965M.

Trade In November 2024, the top exports of Japan to Trinidad and Tobago were Cars (¥1.02B), Delivery Trucks (¥88.2M), Commodities not elsewhere specified (¥70.2M), Motor vehicles; parts and accessories (8701... (¥50.7M), and Spark-Ignition Engines (¥37.8M). In November 2024 the top imports of Japan from Trinidad and Tobago were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (¥1.52B), Commodities not elsewhere specified (¥3.83M), Hard Liquor (¥3.17M), and Knit Men's Shirts (¥211k).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥994M), Kanagawa (¥717M), Hyōgo (¥659M), Osaka (¥409M), and Chiba (¥289M), while imports destinations were mainly Yamaguchi (¥476M), Kanagawa (¥174M), Ehime (¥169M), and Shizuoka (¥146M).

Growth In November 2024, the increase in Japan's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Cars (¥721M or 244%), Commodities not elsewhere specified (¥59.2M or 536%), and Spark-Ignition Engines (¥20.6M or 120%). In November 2024, the increase in Japan's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥562M(20.2%)
IMPORT GROWTH (November 2023 - November 2024)¥326M(51%)
MAIN EXPORTER (November 2024)Aichi¥994M

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

To check Trinidad and Tobago and Japan 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 2023, Japan exported $182M to Trinidad and Tobago. The main products exported from Japan to Trinidad and Tobago were Cars ($141M), Delivery Trucks ($12.2M), and Spark-Ignition Engines ($7.81M). During the last 5 years the exports of Japan to Trinidad and Tobago have decreased at an annualized rate of 1.33%, from $195M in 2018 to $182M in 2023.

In 2018, Trinidad and Tobago exported $139M to Japan. The main products exported from Trinidad and Tobago to Japan were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($107M), Petroleum Gas ($30.8M), and Hard Liquor ($421k). During the last 5 years the exports of Trinidad and Tobago to Japan have increased at an annualized rate of 3.75%, from $115M in 2023 to $139M in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Japan than Trinidad and Tobago included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, countries that imported more from Trinidad and Tobago than Japan included Guyana ($625M), Barbados ($460M), and Croatia ($245M).

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

Comparative Advantage Japan - Trinidad and Tobago

Flow
Scale

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

During 2023, Japan had a large net trade with Trinidad and Tobago in the exports of Transportation ($162M), Machines ($16.6M), and Plastics and Rubbers ($1.48M).

During 2018, Trinidad and Tobago had a large net trade with Japan in the exports of Chemical Products ($107M), Mineral Products ($30.8M), and Foodstuffs ($438k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Trinidad and Tobago+$7.56MCars
Top Product Potential Trinidad and Tobago Japan+$85.6MPetroleum 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 Japan and Trinidad and Tobago. This means that a dot/product with the flag of Japan 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 Japan.

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

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