2023
Flag  
GDP
$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH
-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 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
$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195

About

Trinidad and Tobago-Chile Trade: In 2023, Trinidad and Tobago exported $605M to Chile. The main products that Trinidad and Tobago exported to Chile were Petroleum Gas ($534M), Ammonia ($70.7M), and Hydrogen ($858k). Over the past 5 years the exports of Trinidad and Tobago to Chile have decreased at an annualized rate of 3.43%, from $721M in 2018 to $605M in 2023.

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

Chile-Trinidad and Tobago Trade: In 2023, Chile exported $22.4M to Trinidad and Tobago. The main products that Chile exported to Trinidad and Tobago were Sulfate Chemical Woodpulp ($10.2M), Malt Extract ($2.78M), and Processed Tomatoes ($2.63M). Over the past 5 years the exports of Chile to Trinidad and Tobago have decreased at an annualized rate of 1.3%,  from $23.9M in 2018 to $22.4M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $605M to Chile. The main products exported from Trinidad and Tobago to Chile were Petroleum Gas ($534M), Ammonia ($70.7M), and Hydrogen ($858k). During the last 5 years the exports of Trinidad and Tobago to Chile have decreased at an annualized rate of 3.43%, from $721M in 2018 to $605M in 2023.

In 2018, Chile exported $22.4M to Trinidad and Tobago. The main products exported from Chile to Trinidad and Tobago were Sulfate Chemical Woodpulp ($10.2M), Malt Extract ($2.78M), and Processed Tomatoes ($2.63M). During the last 5 years the exports of Chile to Trinidad and Tobago have decreased at an annualized rate of 1.3%, from $23.9M in 2023 to $22.4M in 2018.

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

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

Latest Data

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

Trinidad and Tobago Exports

Chile Exports

Market Competitiveness

Color
Trinidad and Tobago
Top Destination
United States$3.26B
Chile
Top Destination
China$38.2B

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

In 2023, countries that imported more from Trinidad and Tobago than Chile included Guyana ($625M), Barbados ($460M), and Morocco ($377M).

In 2023, countries that imported more from Chile than Trinidad and Tobago included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Trinidad and Tobago - Chile

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Chile in the exports of Mineral Products ($534M), Chemical Products ($71.6M), and Foodstuffs ($164k).

During 2018, Chile had a large net trade with Trinidad and Tobago in the exports of Paper Goods ($10.9M), Foodstuffs ($6.31M), and Wood Products ($2.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Chile+$151kHard Liquor
Top Product Potential Chile Trinidad and Tobago+$275kFish Fillets

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

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

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