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2023
Flag → Flag
Exports $25.6kRnk 93 / 123
2023
Flag → Flag
Top Product $25.2kHard Liquor
2023
Flag → Flag
Exports $15.2kRnk 22 / 0
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Trinidad and Tobago-Iceland Trade: In 2023, Trinidad and Tobago exported $25.6k to Iceland. The main products that Trinidad and Tobago exported to Iceland were Hard Liquor ($25.2k) and Other Edible Preparations ($399). Over the past 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 13.8%, from $13.4k in 2018 to $25.6k in 2023.

In 2023, Trinidad and Tobago did not export any services to Iceland.

Iceland-Trinidad and Tobago Trade: In 2023, Iceland exported $15.2k to Trinidad and Tobago. The main products that Iceland exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.82%,  from $10.4k in 2018 to $15.2k in 2023.

In 2023, Iceland did not export any services to Trinidad and Tobago.

Comparison In 2023,  Trinidad and Tobago ranked 98 in total exports ($11.7B). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $25.6k to Iceland. The main products exported from Trinidad and Tobago to Iceland were Hard Liquor ($25.2k) and Other Edible Preparations ($399). During the last 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 13.8%, from $13.4k in 2018 to $25.6k in 2023.

In 2017, Iceland exported $15.2k to Trinidad and Tobago. There were not main exports from Iceland to Trinidad and Tobago in 2017. During the last 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.82%, from $10.4k in 2022 to $15.2k in 2017.

Exports from Trinidad and Tobago (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Trinidad and Tobago (Flag) (2023)

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Trinidad and Tobago than Iceland included United States ($3.26B), Guyana ($625M), and Chile ($605M).

In 2023, countries that imported more from Iceland than Trinidad and Tobago included Netherlands ($1.97B), Germany ($771M), and Norway ($444M).

Difference in imports from Iceland (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - Iceland

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Iceland in the exports of Foodstuffs ($25.6k).

During 2017, Iceland had a large net trade with Trinidad and Tobago in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Trinidad and Tobago (Flag) and Iceland (Flag) (2023)

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