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Pricing

2022
Flag → Flag
Exports $8.94kRnk 134 / 149
2022
Flag → Flag
Top Product $8.3kHard Liquor
2022
Flag → Flag
Exports $10.4kRnk 121 / 141
2022
Flag → Flag
Top Product $1.5kUsed Clothing
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 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$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Trinidad and Tobago-Azerbaijan Trade: In 2022, Trinidad and Tobago exported $8.94k to Azerbaijan. The main products that Trinidad and Tobago exported to Azerbaijan were Hard Liquor ($8.3k), Party Decorations ($389), and Iron Stovetops ($123). Over the past 5 years the exports of Trinidad and Tobago to Azerbaijan have decreased at an annualized rate of 44.5%, from $170k in 2017 to $8.94k in 2022.

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

Azerbaijan-Trinidad and Tobago Trade: In 2022, Azerbaijan exported $10.4k to Trinidad and Tobago. The main products that Azerbaijan exported to Trinidad and Tobago were Used Clothing ($1.5k), Porcelain Tableware ($1.09k), and Video Displays ($1.06k). Over the past 5 years the exports of Azerbaijan to Trinidad and Tobago have decreased at an annualized rate of 29.4%,  from $59.4k in 2017 to $10.4k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $8.94k to Azerbaijan. The main products exported from Trinidad and Tobago to Azerbaijan were Hard Liquor ($8.3k), Party Decorations ($389), and Iron Stovetops ($123). During the last 5 years the exports of Trinidad and Tobago to Azerbaijan have decreased at an annualized rate of 44.5%, from $170k in 2017 to $8.94k in 2022.

In 2017, Azerbaijan exported $10.4k to Trinidad and Tobago. The main products exported from Azerbaijan to Trinidad and Tobago were Used Clothing ($1.5k), Porcelain Tableware ($1.09k), and Video Displays ($1.06k). During the last 5 years the exports of Azerbaijan to Trinidad and Tobago have decreased at an annualized rate of 29.4%, from $59.4k in 2022 to $10.4k in 2017.

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

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

Latest Data

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

Azerbaijan Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Azerbaijan than Trinidad and Tobago included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

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 2022, Trinidad and Tobago had a large net trade with Azerbaijan in the exports of N/A.

During 2017, Azerbaijan had a large net trade with Trinidad and Tobago in the exports of Miscellaneous ($2.64k), Textiles ($2.29k), and Machines ($1.53k).

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) (2022)

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