2022
Flag  
GDP
$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH
2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 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
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Trinidad and Tobago-South Korea Trade: In 2022, Trinidad and Tobago exported $369M to South Korea. The main products that Trinidad and Tobago exported to South Korea were Acyclic Alcohols ($275M), Petroleum Gas ($82.7M), and Scrap Copper ($5.27M). Over the past 5 years the exports of Trinidad and Tobago to South Korea have increased at an annualized rate of 7.89%, from $252M in 2017 to $369M in 2022.

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

South Korea-Trinidad and Tobago Trade: In 2022, South Korea exported $82.8M to Trinidad and Tobago. The main products that South Korea exported to Trinidad and Tobago were Cars ($20.5M), Coated Flat-Rolled Iron ($12M), and Passenger and Cargo Ships ($8.99M). Over the past 5 years the exports of South Korea to Trinidad and Tobago have decreased at an annualized rate of 11.9%,  from $156M in 2017 to $82.8M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $369M to South Korea. The main products exported from Trinidad and Tobago to South Korea were Acyclic Alcohols ($275M), Petroleum Gas ($82.7M), and Scrap Copper ($5.27M). During the last 5 years the exports of Trinidad and Tobago to South Korea have increased at an annualized rate of 7.89%, from $252M in 2017 to $369M in 2022.

In 2017, South Korea exported $82.8M to Trinidad and Tobago. The main products exported from South Korea to Trinidad and Tobago were Cars ($20.5M), Coated Flat-Rolled Iron ($12M), and Passenger and Cargo Ships ($8.99M). During the last 5 years the exports of South Korea to Trinidad and Tobago have decreased at an annualized rate of 11.9%, from $156M in 2022 to $82.8M in 2017.

Exports from Trinidad and Tobago (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Trinidad and Tobago (Flag) (2022)

Latest Data

Trade between Trinidad and Tobago (Flag) and South Korea (Flag)

Trinidad and Tobago Exports

South Korea Exports

Market Competitiveness

Color
Trinidad and Tobago
Top Destination
United States$4.91B
South Korea
Top Destination
China$150B

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

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

In 2022, countries that imported more from South Korea than Trinidad and Tobago included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Trinidad and Tobago (Flag) (2022)

Comparative Advantage Trinidad and Tobago - South Korea

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with South Korea in the exports of Chemical Products ($277M), Mineral Products ($82.9M), and Metals ($6.99M).

During 2017, South Korea had a large net trade with Trinidad and Tobago in the exports of Transportation ($39.7M), Metals ($13.7M), and Machines ($12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago South Korea+$83.7MPetroleum Gas
Top Product Potential South Korea Trinidad and Tobago+$8.08MCars

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

Product Space of Trinidad and Tobago (Flag) and South Korea (Flag) (2022)

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