Trinidad and Tobago (TTO) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Bermuda Trade: In 2022, Trinidad and Tobago exported $2.37M to Bermuda. The main products that Trinidad and Tobago exported to Bermuda were Flavored Water ($565k), Hard Liquor ($124k), and Chocolate ($59.3k). Over the past 5 years the exports of Trinidad and Tobago to Bermuda have decreased at an annualized rate of 14.1%, from $5.08M in 2017 to $2.37M in 2022.

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

Bermuda-Trinidad and Tobago Trade: In 2022, Bermuda exported $54.2k to Trinidad and Tobago. The main products that Bermuda exported to Trinidad and Tobago were Other Furniture ($8.82k), Non-Knit Women's Suits ($4.52k), and Vaccines, blood, antisera, toxins and cultures ($480). Over the past 5 years the exports of Bermuda to Trinidad and Tobago have increased at an annualized rate of 65%, from $4.44k in 2017 to $54.2k in 2022.

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

Comparison In 2022, Trinidad and Tobago ranked 91 in total exports ($13.9B). That same year, Bermuda ranked 199 in total exports ($68.1M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Trinidad and Tobago exported $2.37M to Bermuda. The main products exported from Trinidad and Tobago to Bermuda were Flavored Water ($565k), Hard Liquor ($124k), and Chocolate ($59.3k). During the last 5 years the exports of Trinidad and Tobago to Bermuda have decreased at an annualized rate of 14.1%, from $5.08M in 2017 to $2.37M in 2022.

In 2017, Bermuda exported $54.2k to Trinidad and Tobago. The main products exported from Bermuda to Trinidad and Tobago were Other Furniture ($8.82k), Non-Knit Women's Suits ($4.52k), and Vaccines, blood, antisera, toxins and cultures ($480). During the last 22 years the exports of Bermuda to Trinidad and Tobago have increased at an annualized rate of 65%, from $4.44k in 1995 to $54.2k in 2017.

Exports from Trinidad and Tobago () to Bermuda () (2022)

Exports from Bermuda () to Trinidad and Tobago () (2022)

Latest Data

Trade between Trinidad and Tobago () and Bermuda ()

Trinidad and Tobago Exports

Date

Mar 2010

Feb 2010

Jan 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Bermuda
Top DestinationZambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Trinidad and Tobago included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

Difference in imports from Bermuda () and Trinidad and Tobago () (2022)

Comparative Advantage Trinidad and Tobago - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Trinidad and Tobago had a large net trade with Bermuda in the exports of Foodstuffs ($836k), Plastics and Rubbers ($31.8k), and Vegetable Products ($21.1k).

During 2017, Bermuda had a large net trade with Trinidad and Tobago in the exports of Miscellaneous ($8.82k), Textiles ($4.52k), and Chemical Products ($480).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Bermuda () (2022)

Exports from Bermuda () to Trinidad and Tobago () (2022)

Latest Data

Trade between Trinidad and Tobago () and Bermuda ()

Trinidad and Tobago Exports

Market Competitiveness

Difference in imports from Bermuda () and Trinidad and Tobago () (2022)

Comparative Advantage Trinidad and Tobago - Bermuda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Bermuda () (2022)

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