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2022
Flag → Flag
Exports $2.46MRnk 68 / 149
2022
Flag → Flag
Exports $13MRnk 79 / 170
2022
Flag → Flag
Top Product $5.79MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 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$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Trinidad and Tobago-Ecuador Trade: In 2022, Trinidad and Tobago exported $2.46M to Ecuador. The main products that Trinidad and Tobago exported to Ecuador were N/A. Over the past 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 11%, from $4.39M in 2017 to $2.46M in 2022.

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

Ecuador-Trinidad and Tobago Trade: In 2022, Ecuador exported $13M to Trinidad and Tobago. The main products that Ecuador exported to Trinidad and Tobago were Crustaceans ($5.79M), Other Processed Vegetables ($2.4M), and Frozen Vegetables ($1.21M). Over the past 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 17.6%,  from $5.78M in 2017 to $13M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $2.46M to Ecuador. There were not main exports from Trinidad and Tobago to Ecuador in 2022. During the last 5 years the exports of Trinidad and Tobago to Ecuador have decreased at an annualized rate of 11%, from $4.39M in 2017 to $2.46M in 2022.

In 2017, Ecuador exported $13M to Trinidad and Tobago. The main products exported from Ecuador to Trinidad and Tobago were Crustaceans ($5.79M), Other Processed Vegetables ($2.4M), and Frozen Vegetables ($1.21M). During the last 5 years the exports of Ecuador to Trinidad and Tobago have increased at an annualized rate of 17.6%, from $5.78M in 2022 to $13M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Ecuador Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Trinidad and Tobago than Ecuador included Morocco ($740M), Belgium ($894M), and Brazil ($497M).

In 2022, countries that imported more from Ecuador than Trinidad and Tobago included China ($6.17B), United States ($9.86B), and Panama ($4.97B).

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

Comparative Advantage Trinidad and Tobago - Ecuador

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Ecuador in the exports of Chemical Products ($1.52M), Foodstuffs ($813k), and Plastics and Rubbers ($44.8k).

During 2017, Ecuador had a large net trade with Trinidad and Tobago in the exports of Animal Products ($6.14M), Foodstuffs ($2.76M), and Vegetable Products ($2.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Ecuador+$4.83kPetroleum Gas
Top Product Potential Ecuador Trinidad and Tobago+$4.13kRefined Petroleum

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

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

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