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2022
Flag → Flag
Exports $580MRnk 4 / 149
2022
Flag → Flag
Top Product $408MCrude Petroleum
2022
Flag → Flag
Exports $71.9MRnk 135 / 218
2022
Flag → Flag
Top Product $5.7MGlazed Ceramics
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Trinidad and Tobago-Spain Trade: In 2022, Trinidad and Tobago exported $580M to Spain. The main products that Trinidad and Tobago exported to Spain were Crude Petroleum ($408M), Nitrogenous Fertilizers ($56.9M), and Acyclic Alcohols ($52.1M). Over the past 5 years the exports of Trinidad and Tobago to Spain have increased at an annualized rate of 18.2%, from $251M in 2017 to $580M in 2022.

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

Spain-Trinidad and Tobago Trade: In 2022, Spain exported $37.3M to Trinidad and Tobago. The main products that Spain exported to Trinidad and Tobago were Glazed Ceramics ($5.7M), Unglazed Ceramics ($3.91M), and Iron Pipes ($1.6M). Over the past 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 1.63%,  from $40.5M in 2017 to $37.3M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $580M to Spain. The main products exported from Trinidad and Tobago to Spain were Crude Petroleum ($408M), Nitrogenous Fertilizers ($56.9M), and Acyclic Alcohols ($52.1M). During the last 5 years the exports of Trinidad and Tobago to Spain have increased at an annualized rate of 18.2%, from $251M in 2017 to $580M in 2022.

In 2017, Spain exported $37.3M to Trinidad and Tobago. The main products exported from Spain to Trinidad and Tobago were Glazed Ceramics ($5.7M), Unglazed Ceramics ($3.91M), and Iron Pipes ($1.6M). During the last 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 0.82%, from $69M in 2021 to $37.3M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Date

Spain Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Trinidad and Tobago than Spain included Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

In 2022, countries that imported more from Spain than Trinidad and Tobago included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Trinidad and Tobago - Spain

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Spain in the exports of Mineral Products ($432M), Chemical Products ($145M), and Metals ($1.32M).

During 2017, Spain had a large net trade with Trinidad and Tobago in the exports of Stone And Glass ($11.6M), Machines ($6.46M), and Metals ($4.24M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Spain+$124MPetroleum Gas
Top Product Potential Spain Trinidad and Tobago+$1.27MPackaged 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

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

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

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