Trinidad and Tobago (TTO) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Canada Trade: In 2022, Trinidad and Tobago exported $106M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). Over the past 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 44.8%, from $16.6M in 2017 to $106M in 2022.

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

Canada-Trinidad and Tobago Trade: In 2022, Canada exported $334M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). Over the past 5 years the exports of Canada to Trinidad and Tobago have increased at an annualized rate of 30.4%, from $88.5M in 2017 to $334M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Trinidad and Tobago exported $106M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). During the last 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 44.8%, from $16.6M in 2017 to $106M in 2022.

In 2017, Canada exported $334M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). During the last 22 years the exports of Canada to Trinidad and Tobago have increased at an annualized rate of 30.4%, from $88.5M in 1995 to $334M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Trinidad and Tobago included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Trinidad and Tobago - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($135M), Mineral Products ($40.8M), and Foodstuffs ($5.06M).

During 2017, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Animal Products ($21.6M), and Machines ($19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Canada+$41.7MPetroleum Gas

Top Product Potential Canada Trinidad and Tobago+$1.98MPackaged Medicaments

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

Year

This visualization shows the product space at the HS4 level with the flags of Trinidad and Tobago and Canada. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Trinidad and Tobago.

About

Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Trinidad and Tobago - Canada

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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