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2022
Flag → Flag
Exports $267Rnk 146 / 149
2022
Flag → Flag
Top Product $151Computers
2022
Flag → Flag
Exports $12.6MRnk 98 / 205
2022
Flag → Flag
Top Product $5.8MCars
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Trinidad and Tobago-Hungary Trade: In 2022, Trinidad and Tobago exported $267 to Hungary. The main products that Trinidad and Tobago exported to Hungary were Computers ($151), Metal Molds ($60), and Washing and Bottling Machines ($50). Over the past 7 years the exports of Trinidad and Tobago to Hungary have decreased at an annualized rate of 54.6%, from $67.6k in 2015 to $267 in 2022.

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

Hungary-Trinidad and Tobago Trade: In 2022, Hungary exported $12.6M to Trinidad and Tobago. The main products that Hungary exported to Trinidad and Tobago were Cars ($5.8M), Packaged Medicaments ($2.15M), and Plastic Lids ($1.36M). Over the past 7 years the exports of Hungary to Trinidad and Tobago have decreased at an annualized rate of 8.75%,  from $19.9M in 2015 to $12.6M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $267 to Hungary. The main products exported from Trinidad and Tobago to Hungary were Computers ($151), Metal Molds ($60), and Washing and Bottling Machines ($50). During the last 7 years the exports of Trinidad and Tobago to Hungary have decreased at an annualized rate of 54.6%, from $67.6k in 2015 to $267 in 2022.

In 2017, Hungary exported $12.6M to Trinidad and Tobago. The main products exported from Hungary to Trinidad and Tobago were Cars ($5.8M), Packaged Medicaments ($2.15M), and Plastic Lids ($1.36M). During the last 5 years the exports of Hungary to Trinidad and Tobago have decreased at an annualized rate of 8.75%, from $19.9M in 2022 to $12.6M in 2017.

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

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

Latest Data

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

Hungary Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Hungary
Top DestinationGermany$35.5B

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

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

In 2022, countries that imported more from Hungary than Trinidad and Tobago included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

Comparative Advantage Trinidad and Tobago - Hungary

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Hungary in the exports of Machines ($261) and Chemical Products ($6).

During 2017, Hungary had a large net trade with Trinidad and Tobago in the exports of Transportation ($5.94M), Plastics and Rubbers ($3.06M), and Chemical Products ($2.73M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Hungary+$6.83kPetroleum Gas
Top Product Potential Hungary Trinidad and Tobago+$3.29MCars

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

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

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