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Pricing

2022
Flag → Flag
Exports $470kRnk 120 / 166
2022
Flag → Flag
Top Product $194kFloat Glass
2022
Flag → Flag
Exports $42.5kRnk 105 / 149
2022
Flag → Flag
Top Product $12kExcavation Machinery
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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 $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 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

Nigeria-Trinidad and Tobago Trade: In 2022, Nigeria exported $470k to Trinidad and Tobago. The main products that Nigeria exported to Trinidad and Tobago were Float Glass ($194k), Coconuts, Brazil Nuts, and Cashews ($125k), and Spices ($122k). Over the past 5 years the exports of Nigeria to Trinidad and Tobago have increased at an annualized rate of 68.5%, from $34.6k in 2017 to $470k in 2022.

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

Trinidad and Tobago-Nigeria Trade: In 2022, Trinidad and Tobago exported $42.5k to Nigeria. The main products that Trinidad and Tobago exported to Nigeria were Excavation Machinery ($12k), Centrifuges ($10.4k), and Iron Housewares ($5.56k). Over the past 5 years the exports of Trinidad and Tobago to Nigeria have decreased at an annualized rate of 66.3%,  from $28.9M in 2017 to $42.5k in 2022.

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

Comparison In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $470k to Trinidad and Tobago. The main products exported from Nigeria to Trinidad and Tobago were Float Glass ($194k), Coconuts, Brazil Nuts, and Cashews ($125k), and Spices ($122k). During the last 5 years the exports of Nigeria to Trinidad and Tobago have increased at an annualized rate of 68.5%, from $34.6k in 2017 to $470k in 2022.

In 2017, Trinidad and Tobago exported $42.5k to Nigeria. The main products exported from Trinidad and Tobago to Nigeria were Excavation Machinery ($12k), Centrifuges ($10.4k), and Iron Housewares ($5.56k). During the last 5 years the exports of Trinidad and Tobago to Nigeria have decreased at an annualized rate of 66.3%, from $28.9M in 2022 to $42.5k in 2017.

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

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

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Nigeria than Trinidad and Tobago included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Trinidad and Tobago than Nigeria included Morocco ($740M), Jamaica ($430M), and Guyana ($257M).

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

Comparative Advantage Nigeria - Trinidad and Tobago

Flow
Scale

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

During 2022, Nigeria had a large net trade with Trinidad and Tobago in the exports of Vegetable Products ($271k), Stone And Glass ($194k), and Chemical Products ($1.87k).

During 2017, Trinidad and Tobago had a large net trade with Nigeria in the exports of Machines ($29.2k), Metals ($5.68k), and Instruments ($5.04k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Trinidad and Tobago+$12.3kFloat Glass
Top Product Potential Trinidad and Tobago Nigeria+$27.7kExcavation Machinery

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 Nigeria and Trinidad and Tobago. This means that a dot/product with the flag of Nigeria 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 Nigeria.

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

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