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2023
Flag → Flag
Exports $127MRnk 33 / 206
2023
Flag → Flag
Top Product $83.8MSpecial Purpose Ships
2023
Flag → Flag
Exports $871kRnk 62 / 123
2023
Flag → Flag
Top Product $733kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
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 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC $48,281CURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 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

New Zealand-Trinidad and Tobago Trade: In 2023, New Zealand exported $127M to Trinidad and Tobago. The main products that New Zealand exported to Trinidad and Tobago were Special Purpose Ships ($83.8M), Cheese ($30.8M), and Sheep and Goat Meat ($4.61M). Over the past 5 years the exports of New Zealand to Trinidad and Tobago have increased at an annualized rate of 20.6%, from $49.7M in 2018 to $127M in 2023.

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

Trinidad and Tobago-New Zealand Trade: In 2023, Trinidad and Tobago exported $871k to New Zealand. The main products that Trinidad and Tobago exported to New Zealand were Hard Liquor ($733k), Forging Machines ($115k), and Motor vehicles; parts and accessories (8701 to 8705) ($7.07k). Over the past 5 years the exports of Trinidad and Tobago to New Zealand have decreased at an annualized rate of 3.36%,  from $1.03M in 2018 to $871k in 2023.

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

Comparison In 2023,  New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48),  and 61 in total exports ($44.5B). 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, New Zealand exported $127M to Trinidad and Tobago. The main products exported from New Zealand to Trinidad and Tobago were Special Purpose Ships ($83.8M), Cheese ($30.8M), and Sheep and Goat Meat ($4.61M). During the last 5 years the exports of New Zealand to Trinidad and Tobago have increased at an annualized rate of 20.6%, from $49.7M in 2018 to $127M in 2023.

In 2018, Trinidad and Tobago exported $871k to New Zealand. The main products exported from Trinidad and Tobago to New Zealand were Hard Liquor ($733k), Forging Machines ($115k), and Motor vehicles; parts and accessories (8701 to 8705) ($7.07k). During the last 5 years the exports of Trinidad and Tobago to New Zealand have decreased at an annualized rate of 3.36%, from $1.03M in 2023 to $871k in 2018.

Exports from New Zealand (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to New Zealand (Flag) (2023)

Latest Data

Trade between New Zealand (Flag) and Trinidad and Tobago (Flag)

New Zealand Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$12.3B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from New Zealand than Trinidad and Tobago included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

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

Difference in imports from Trinidad and Tobago (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - Trinidad and Tobago

Flow
Scale

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

During 2023, New Zealand had a large net trade with Trinidad and Tobago in the exports of Transportation ($83.8M), Animal Products ($42M), and Vegetable Products ($409k).

During 2018, Trinidad and Tobago had a large net trade with New Zealand in the exports of Foodstuffs ($733k), Machines ($118k), and Transportation ($7.07k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Trinidad and Tobago+$1.01MConcentrated Milk
Top Product Potential Trinidad and Tobago New Zealand+$133kHard 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.

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Economic Complexity

Competitive Landscape

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

Product Space of New Zealand (Flag) and Trinidad and Tobago (Flag) (2023)

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