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Pricing

2022
Flag → Flag
Exports $44.4kRnk 102 / 149
2022
Flag → Flag
Top Product $15kOther Plastic Products
2022
Flag → Flag
Exports $11.7MRnk 122 / 217
2022
Flag → Flag
Top Product $2.17MElectric Motors
2022
Flag
Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH15.1%CURRENT US$
Rnk 137 / 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$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Trinidad and Tobago-Austria Trade: In 2022, Trinidad and Tobago exported $44.4k to Austria. The main products that Trinidad and Tobago exported to Austria were Other Plastic Products ($15k), Centrifuges ($11.5k), and Washing and Bottling Machines ($6.97k). Over the past 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 36.2%, from $422k in 2017 to $44.4k in 2022.

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

Austria-Trinidad and Tobago Trade: In 2022, Austria exported $11.7M to Trinidad and Tobago. The main products that Austria exported to Trinidad and Tobago were Electric Motors ($2.17M), Vaccines, blood, antisera, toxins and cultures ($1.61M), and Packaged Medicaments ($978k). Over the past 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 0.67%,  from $11.2M in 2017 to $11.7M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $44.4k to Austria. The main products exported from Trinidad and Tobago to Austria were Other Plastic Products ($15k), Centrifuges ($11.5k), and Washing and Bottling Machines ($6.97k). During the last 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 36.2%, from $422k in 2017 to $44.4k in 2022.

In 2017, Austria exported $11.7M to Trinidad and Tobago. The main products exported from Austria to Trinidad and Tobago were Electric Motors ($2.17M), Vaccines, blood, antisera, toxins and cultures ($1.61M), and Packaged Medicaments ($978k). During the last 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 0.67%, from $11.2M in 2022 to $11.7M in 2017.

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

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

Latest Data

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

Austria Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Austria than Trinidad and Tobago included Germany ($57.7B), Italy ($13.6B), and Switzerland ($11.2B).

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

Comparative Advantage Trinidad and Tobago - Austria

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Austria in the exports of Machines ($20.3k), Plastics and Rubbers ($15.1k), and Instruments ($3.76k).

During 2017, Austria had a large net trade with Trinidad and Tobago in the exports of Machines ($5.19M), Chemical Products ($2.66M), and Paper Goods ($1.43M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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