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Pricing

2022
Flag → Flag
Exports $47MRnk 36 / 149
2022
Flag → Flag
Top Product $38.2MAmmonia
2022
Flag → Flag
Exports $6.93MRnk 114 / 207
2022
Flag → Flag
Top Product $2.57MEngine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $18,222CURRENT US$
Rnk 58 / 186
2012-2022
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GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Trinidad and Tobago-Finland Trade: In 2022, Trinidad and Tobago exported $47M to Finland. The main products that Trinidad and Tobago exported to Finland were Ammonia ($38.2M), Acyclic Alcohols ($8.58M), and Hard Liquor ($164k). Over the past 5 years the exports of Trinidad and Tobago to Finland have increased at an annualized rate of 175%, from $299k in 2017 to $47M in 2022.

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

Finland-Trinidad and Tobago Trade: In 2022, Finland exported $6.93M to Trinidad and Tobago. The main products that Finland exported to Trinidad and Tobago were Engine Parts ($2.57M), Electric Motor Parts ($1.85M), and Sawn Wood ($461k). Over the past 5 years the exports of Finland to Trinidad and Tobago have increased at an annualized rate of 21.8%,  from $2.12M in 2017 to $6.93M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $47M to Finland. The main products exported from Trinidad and Tobago to Finland were Ammonia ($38.2M), Acyclic Alcohols ($8.58M), and Hard Liquor ($164k). During the last 5 years the exports of Trinidad and Tobago to Finland have increased at an annualized rate of 175%, from $299k in 2017 to $47M in 2022.

In 2017, Finland exported $6.93M to Trinidad and Tobago. The main products exported from Finland to Trinidad and Tobago were Engine Parts ($2.57M), Electric Motor Parts ($1.85M), and Sawn Wood ($461k). During the last 5 years the exports of Finland to Trinidad and Tobago have increased at an annualized rate of 21.8%, from $2.12M in 2022 to $6.93M in 2017.

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

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

Latest Data

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

Finland Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Finland
Top DestinationGermany$9.99B

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

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

In 2022, countries that imported more from Finland than Trinidad and Tobago included Germany ($9.99B), Sweden ($9.1B), and Netherlands ($5.88B).

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

Comparative Advantage Trinidad and Tobago - Finland

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Finland in the exports of Chemical Products ($46.8M), Foodstuffs ($164k), and Machines ($27.3k).

During 2017, Finland had a large net trade with Trinidad and Tobago in the exports of Machines ($5.67M), Wood Products ($461k), and Paper Goods ($339k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Finland+$1.43MAcyclic Alcohols
Top Product Potential Finland Trinidad and Tobago+$298kSawn Wood

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

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

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