Trinidad and Tobago (TTO) and Albania (ALB) Trade | The Observatory of Economic Complexity

About

Trinidad and Tobago-Albania Trade: In 2019, Trinidad and Tobago exported $7.16k to Albania. The main products that Trinidad and Tobago exported to Albania were N/A. Over the past 12 years the exports of Trinidad and Tobago to Albania have decreased at an annualized rate of 33.1%, from $886k in 2007 to $7.16k in 2019.

In 2019, Trinidad and Tobago did not export any services to Albania.

Albania-Trinidad and Tobago Trade: In 2019, Albania exported $10.2k to Trinidad and Tobago. The main products that Albania exported to Trinidad and Tobago were Seats ($6.27k), Hard Liquor ($2.19k), and Wine ($882). Over the past 12 years the exports of Albania to Trinidad and Tobago have decreased at an annualized rate of 8.36%, from $29k in 2007 to $10.2k in 2019.

In 2019, Albania did not export any services to Trinidad and Tobago.

Comparison In 2022, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2019, Trinidad and Tobago exported $7.16k to Albania. There were not main exports from Trinidad and Tobago to Albania in 2019. During the last 12 years the exports of Trinidad and Tobago to Albania have decreased at an annualized rate of 33.1%, from $886k in 2007 to $7.16k in 2019.

In 2017, Albania exported $10.2k to Trinidad and Tobago. The main products exported from Albania to Trinidad and Tobago were Seats ($6.27k), Hard Liquor ($2.19k), and Wine ($882). During the last 5 years the exports of Albania to Trinidad and Tobago have decreased at an annualized rate of 8.36%, from $29k in 2022 to $10.2k in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Trinidad and Tobago than Albania included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

In 2022, countries that imported more from Albania than Trinidad and Tobago included Italy ($1.75B), Greece ($421M), and North Macedonia ($101M).

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

Comparative Advantage Trinidad and Tobago - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2019, Trinidad and Tobago had a large net trade with Albania in the exports of .

During 2017, Albania had a large net trade with Trinidad and Tobago in the exports of Miscellaneous ($6.27k), Foodstuffs ($3.07k), and Footwear and Headwear ($405).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Albania+$2.66kPetroleum Gas

Top Product Potential Albania Trinidad and Tobago+$1.88kRefined Petroleum

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

Year

This visualization shows the product space at the HS4 level with the flags of Trinidad and Tobago and Albania. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Trinidad and Tobago.

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Trinidad and Tobago - Albania

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring