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Pricing

2022
Flag → Flag
Exports $1.5kRnk 142 / 149
2022
Flag → Flag
Top Product $1.5kHard Liquor
2022
Flag → Flag
Exports $1.51kRnk 118 / 129
2022
Flag → Flag
Top Product $983Motor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Trinidad and Tobago-Armenia Trade: In 2022, Trinidad and Tobago exported $1.5k to Armenia. The main products that Trinidad and Tobago exported to Armenia were Hard Liquor ($1.5k). Over the past 6 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 37.9%, from $26k in 2016 to $1.5k in 2022.

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

Armenia-Trinidad and Tobago Trade: In 2022, Armenia exported $1.51k to Trinidad and Tobago. The main products that Armenia exported to Trinidad and Tobago were Motor vehicles; parts and accessories (8701 to 8705) ($983), Other Women's Undergarments ($515), and Felt or Coated Fabric Garments ($11). Over the past 6 years the exports of Armenia to Trinidad and Tobago have increased at an annualized rate of 2.17%,  from $1.36k in 2016 to $1.51k in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $1.5k to Armenia. The main products exported from Trinidad and Tobago to Armenia were Hard Liquor ($1.5k). During the last 6 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 37.9%, from $26k in 2016 to $1.5k in 2022.

In 2017, Armenia exported $1.51k to Trinidad and Tobago. The main products exported from Armenia to Trinidad and Tobago were Motor vehicles; parts and accessories (8701 to 8705) ($983), Other Women's Undergarments ($515), and Felt or Coated Fabric Garments ($11). During the last 5 years the exports of Armenia to Trinidad and Tobago have increased at an annualized rate of 2.17%, from $1.36k in 2022 to $1.51k in 2017.

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

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

Latest Data

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

Armenia Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Trinidad and Tobago included Russia ($2.36B), United Arab Emirates ($535M), and Georgia ($260M).

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

Comparative Advantage Trinidad and Tobago - Armenia

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Armenia in the exports of Foodstuffs ($1.5k).

During 2017, Armenia had a large net trade with Trinidad and Tobago in the exports of Transportation ($983) and Textiles ($530).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Armenia+$5.39kHard Liquor
Top Product Potential Armenia Trinidad and Tobago+$1.86kCars

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 Trinidad and Tobago and Armenia. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Trinidad and Tobago.

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

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