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Pricing

2023
Flag → Flag
Exports $29MRnk 38 / 123
2023
Flag → Flag
Top Product $17.9MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $69.9MRnk 127 / 219
2023
Flag → Flag
Top Product $11.7MOther Heating Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Trinidad and Tobago-Italy Trade: In 2023, Trinidad and Tobago exported $29M to Italy. The main products that Trinidad and Tobago exported to Italy were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($17.9M), Ammonia ($8.1M), and Nitrogen Heterocyclic Compounds ($2.51M). Over the past 5 years the exports of Trinidad and Tobago to Italy have decreased at an annualized rate of 9.65%, from $48.2M in 2018 to $29M in 2023.

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

Italy-Trinidad and Tobago Trade: In 2023, Italy exported $69.9M to Trinidad and Tobago. The main products that Italy exported to Trinidad and Tobago were Other Heating Machinery ($11.7M), Gas Turbines ($8.53M), and Washing and Bottling Machines ($3.24M). Over the past 5 years the exports of Italy to Trinidad and Tobago have decreased at an annualized rate of 10.5%,  from $122M in 2018 to $69.9M in 2023.

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

Comparison In 2023,  Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $29M to Italy. The main products exported from Trinidad and Tobago to Italy were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($17.9M), Ammonia ($8.1M), and Nitrogen Heterocyclic Compounds ($2.51M). During the last 5 years the exports of Trinidad and Tobago to Italy have decreased at an annualized rate of 9.65%, from $48.2M in 2018 to $29M in 2023.

In 2018, Italy exported $69.9M to Trinidad and Tobago. The main products exported from Italy to Trinidad and Tobago were Other Heating Machinery ($11.7M), Gas Turbines ($8.53M), and Washing and Bottling Machines ($3.24M). During the last 5 years the exports of Italy to Trinidad and Tobago have decreased at an annualized rate of 10.5%, from $122M in 2023 to $69.9M in 2018.

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

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

Latest Data

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

Trinidad and Tobago Exports

Italy Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Trinidad and Tobago than Italy included Guyana ($625M), Barbados ($460M), and Jamaica ($227M).

In 2023, countries that imported more from Italy than Trinidad and Tobago included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Trinidad and Tobago - Italy

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Italy in the exports of Chemical Products ($28.5M), Machines ($236k), and Wood Products ($122k).

During 2018, Italy had a large net trade with Trinidad and Tobago in the exports of Machines ($46.3M), Metals ($4.87M), and Foodstuffs ($4.74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Italy+$151MPetroleum Gas
Top Product Potential Italy Trinidad and Tobago+$1.43MValves

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

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

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