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Pricing

2023
Flag → Flag
Exports $30.1kRnk 91 / 123
2023
Flag → Flag
Top Product $25.9kHard Liquor
2023
Flag → Flag
Exports $5.86kRnk 119 / 137
2023
Flag → Flag
Top Product $1.11kUsed Clothing
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Trinidad and Tobago-Azerbaijan Trade: In 2023, Trinidad and Tobago exported $30.1k to Azerbaijan. The main products that Trinidad and Tobago exported to Azerbaijan were Hard Liquor ($25.9k), Used Clothing ($1.97k), and House Linens ($974). Over the past 5 years the exports of Trinidad and Tobago to Azerbaijan have decreased at an annualized rate of 30%, from $179k in 2018 to $30.1k in 2023.

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

Azerbaijan-Trinidad and Tobago Trade: In 2023, Azerbaijan exported $5.86k to Trinidad and Tobago. The main products that Azerbaijan exported to Trinidad and Tobago were Used Clothing ($1.11k), Other Furniture ($569), and Sports Equipment ($489). Over the past 5 years the exports of Azerbaijan to Trinidad and Tobago have decreased at an annualized rate of 29.8%,  from $34.4k in 2018 to $5.86k in 2023.

In 2023, Azerbaijan 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, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $30.1k to Azerbaijan. The main products exported from Trinidad and Tobago to Azerbaijan were Hard Liquor ($25.9k), Used Clothing ($1.97k), and House Linens ($974). During the last 5 years the exports of Trinidad and Tobago to Azerbaijan have decreased at an annualized rate of 30%, from $179k in 2018 to $30.1k in 2023.

In 2018, Azerbaijan exported $5.86k to Trinidad and Tobago. The main products exported from Azerbaijan to Trinidad and Tobago were Used Clothing ($1.11k), Other Furniture ($569), and Sports Equipment ($489). During the last 5 years the exports of Azerbaijan to Trinidad and Tobago have decreased at an annualized rate of 29.8%, from $34.4k in 2023 to $5.86k in 2018.

Exports from Trinidad and Tobago (Flag) to Azerbaijan (Flag) (2023)

Exports from Azerbaijan (Flag) to Trinidad and Tobago (Flag) (2023)

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Trinidad and Tobago than Azerbaijan included United States ($3.26B), China ($783M), and Guyana ($625M).

In 2023, countries that imported more from Azerbaijan than Trinidad and Tobago included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

Difference in imports from Azerbaijan (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - Azerbaijan

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Azerbaijan in the exports of Foodstuffs ($25.9k), Textiles ($3.09k), and Miscellaneous ($516).

During 2018, Azerbaijan had a large net trade with Trinidad and Tobago in the exports of Miscellaneous ($1.92k), Textiles ($1.91k), and Arts and Antiques ($471).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Azerbaijan+$16.3kHard Liquor
Top Product Potential Azerbaijan Trinidad and Tobago+$3.84kOther Furniture

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

Product Space of Trinidad and Tobago (Flag) and Azerbaijan (Flag) (2023)

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