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2023
Flag → Flag
Exports $7.44MRnk 46 / 123
2023
Flag → Flag
Top Product $7.44MAmmonia
2023
Flag → Flag
Exports $1.2MRnk 142 / 200
2023
Flag → Flag
Top Product $624kVideo and Card Games
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 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$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 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$15,886CURRENT US$
Rnk 72 / 196
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Trinidad and Tobago-Bulgaria Trade: In 2023, Trinidad and Tobago exported $7.44M to Bulgaria. The main products that Trinidad and Tobago exported to Bulgaria were Ammonia ($7.44M), Other Measuring Instruments ($1.01k), and Computers ($562). Over the past 5 years the exports of Trinidad and Tobago to Bulgaria have increased at an annualized rate of 291%, from $8.12k in 2018 to $7.44M in 2023.

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

Bulgaria-Trinidad and Tobago Trade: In 2023, Bulgaria exported $1.2M to Trinidad and Tobago. The main products that Bulgaria exported to Trinidad and Tobago were Video and Card Games ($624k), Spice Seeds ($123k), and Baked Goods ($111k). Over the past 5 years the exports of Bulgaria to Trinidad and Tobago have increased at an annualized rate of 25.9%,  from $379k in 2018 to $1.2M in 2023.

In 2023, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $7.44M to Bulgaria. The main products exported from Trinidad and Tobago to Bulgaria were Ammonia ($7.44M), Other Measuring Instruments ($1.01k), and Computers ($562). During the last 5 years the exports of Trinidad and Tobago to Bulgaria have increased at an annualized rate of 291%, from $8.12k in 2018 to $7.44M in 2023.

In 2018, Bulgaria exported $1.2M to Trinidad and Tobago. The main products exported from Bulgaria to Trinidad and Tobago were Video and Card Games ($624k), Spice Seeds ($123k), and Baked Goods ($111k). During the last 5 years the exports of Bulgaria to Trinidad and Tobago have increased at an annualized rate of 25.9%, from $379k in 2023 to $1.2M in 2018.

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

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

Latest Data

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

Bulgaria Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Trinidad and Tobago than Bulgaria included United States ($3.26B), Guyana ($625M), and Chile ($605M).

In 2023, countries that imported more from Bulgaria than Trinidad and Tobago included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

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

Comparative Advantage Trinidad and Tobago - Bulgaria

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Bulgaria in the exports of Chemical Products ($7.44M), Instruments ($1.01k), and Machines ($562).

During 2018, Bulgaria had a large net trade with Trinidad and Tobago in the exports of Miscellaneous ($670k), Foodstuffs ($184k), and Vegetable Products ($123k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Bulgaria+$2.13MAmmonia
Top Product Potential Bulgaria Trinidad and Tobago+$121kBaked Goods

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

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

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