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Pricing

2022
Flag → Flag
Exports $4.39MRnk 64 / 149
2022
Flag → Flag
Top Product $1.98MExcavation Machinery
2022
Flag → Flag
Exports $24.1MRnk 110 / 218
2022
Flag → Flag
Top Product $5.5MReaction and Catalytic Products
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Trinidad and Tobago-Denmark Trade: In 2022, Trinidad and Tobago exported $4.39M to Denmark. The main products that Trinidad and Tobago exported to Denmark were Excavation Machinery ($1.98M), Motor vehicles; parts and accessories (8701 to 8705) ($625k), and Transmissions ($448k). Over the past 5 years the exports of Trinidad and Tobago to Denmark have increased at an annualized rate of 54.1%, from $505k in 2017 to $4.39M in 2022.

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

Denmark-Trinidad and Tobago Trade: In 2022, Denmark exported $24.1M to Trinidad and Tobago. The main products that Denmark exported to Trinidad and Tobago were Reaction and Catalytic Products ($5.5M), Concentrated Milk ($4.16M), and Malt ($3.21M). Over the past 5 years the exports of Denmark to Trinidad and Tobago have increased at an annualized rate of 7.3%,  from $14.7M in 2017 to $24.1M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $4.39M to Denmark. The main products exported from Trinidad and Tobago to Denmark were Excavation Machinery ($1.98M), Motor vehicles; parts and accessories (8701 to 8705) ($625k), and Transmissions ($448k). During the last 5 years the exports of Trinidad and Tobago to Denmark have increased at an annualized rate of 54.1%, from $505k in 2017 to $4.39M in 2022.

In 2017, Denmark exported $24.1M to Trinidad and Tobago. The main products exported from Denmark to Trinidad and Tobago were Reaction and Catalytic Products ($5.5M), Concentrated Milk ($4.16M), and Malt ($3.21M). During the last 5 years the exports of Denmark to Trinidad and Tobago have increased at an annualized rate of 7.3%, from $14.7M in 2022 to $24.1M in 2017.

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

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

Latest Data

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

Denmark Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Trinidad and Tobago included Germany ($18.9B), Sweden ($11.6B), and United States ($13.1B).

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

Comparative Advantage Trinidad and Tobago - Denmark

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Denmark in the exports of Machines ($2.75M), Transportation ($653k), and Metals ($490k).

During 2017, Denmark had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($7.2M), Machines ($5.2M), and Animal Products ($4.55M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Denmark+$85.2kTransmissions
Top Product Potential Denmark Trinidad and Tobago+$381kValves

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

Product Space of Trinidad and Tobago (Flag) and Denmark (Flag) (2022)

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