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2022
Flag → Flag
Exports $425MRnk 8 / 149
2022
Flag → Flag
Top Product $248MPetroleum Gas
2022
Flag → Flag
Exports $180MRnk 89 / 224
2022
Flag → Flag
Top Product $48.4MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Trinidad and Tobago-United Kingdom Trade: In 2022, Trinidad and Tobago exported $425M to United Kingdom. The main products that Trinidad and Tobago exported to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). Over the past 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 28.6%, from $121M in 2017 to $425M in 2022.

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

United Kingdom-Trinidad and Tobago Trade: In 2022, United Kingdom exported $180M to Trinidad and Tobago. The main products that United Kingdom exported to Trinidad and Tobago were Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). Over the past 5 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 3.58%,  from $151M in 2017 to $180M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $425M to United Kingdom. The main products exported from Trinidad and Tobago to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). During the last 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 28.6%, from $121M in 2017 to $425M in 2022.

In 2017, United Kingdom exported $180M to Trinidad and Tobago. The main products exported from United Kingdom to Trinidad and Tobago were Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). During the last 5 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 3.58%, from $151M in 2022 to $180M in 2017.

Exports from Trinidad and Tobago (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Trinidad and Tobago (Flag) (2022)

Latest Data

Trade between Trinidad and Tobago (Flag) and United Kingdom (Flag)

Trinidad and Tobago Exports

United Kingdom Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Trinidad and Tobago than United Kingdom included Jamaica ($430M), Guyana ($257M), and Suriname ($115M).

In 2022, countries that imported more from United Kingdom than Trinidad and Tobago included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Trinidad and Tobago (Flag) (2022)

Comparative Advantage Trinidad and Tobago - United Kingdom

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with United Kingdom in the exports of Mineral Products ($318M), Chemical Products ($101M), and Foodstuffs ($4.15M).

During 2017, United Kingdom had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($48.7M), Chemical Products ($33.2M), and Machines ($26.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago United Kingdom+$190MPetroleum Gas
Top Product Potential United Kingdom Trinidad and Tobago+$12.5MRefined 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 United Kingdom. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Trinidad and Tobago.

Product Space of Trinidad and Tobago (Flag) and United Kingdom (Flag) (2022)

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