Trinidad and Tobago (TTO) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Austria Trade: In 2023, Trinidad and Tobago exported $821k to Austria. The main products that Trinidad and Tobago exported to Austria were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($480k), Hard Liquor ($213k), and Knit Men's Shirts ($31.1k). Over the past 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 0.43%, from $838k in 2018 to $821k in 2023.

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

Austria-Trinidad and Tobago Trade: In 2023, Austria exported $21.7M to Trinidad and Tobago. The main products that Austria exported to Trinidad and Tobago were Electric Soldering Equipment ($6.02M), Medical Instruments ($4.69M), and X-Ray Equipment ($2.38M). Over the past 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 9.57%, from $13.7M in 2018 to $21.7M in 2023.

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

Comparison In 2023, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index. That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Trinidad and Tobago exported $821k to Austria. The main products exported from Trinidad and Tobago to Austria were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($480k), Hard Liquor ($213k), and Knit Men's Shirts ($31.1k). During the last 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 0.43%, from $838k in 2018 to $821k in 2023.

In 2018, Austria exported $21.7M to Trinidad and Tobago. The main products exported from Austria to Trinidad and Tobago were Electric Soldering Equipment ($6.02M), Medical Instruments ($4.69M), and X-Ray Equipment ($2.38M). During the last 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 9.57%, from $13.7M in 2023 to $21.7M in 2018.

Exports from Trinidad and Tobago () to Austria () (2023)

Exports from Austria () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Austria ()

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$3.26B

Austria
Top DestinationGermany$51B

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

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

In 2023, countries that imported more from Austria than Trinidad and Tobago included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

Difference in imports from Austria () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Trinidad and Tobago had a large net trade with Austria in the exports of Chemical Products ($481k), Foodstuffs ($220k), and Textiles ($60.8k).

During 2018, Austria had a large net trade with Trinidad and Tobago in the exports of Machines ($9.25M), Instruments ($8.4M), and Transportation ($1.09M).

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 Austria+$29.5kOther Plastic Products

Top Product Potential Austria Trinidad and Tobago+$675kVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Austria () (2023)

Exports from Austria () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Austria ()

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Austria () (2023)

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