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Pricing

2021
Flag → Flag
Exports $5.42MRnk 128 / 0
2021
Flag → Flag
Exports $115kRnk 118 / 157
2021
Flag → Flag
Top Product $57.1kCloves
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Trinidad and Tobago-Madagascar Trade: In 2021, Trinidad and Tobago exported $5.42M to Madagascar. The main products that Trinidad and Tobago exported to Madagascar were N/A. Over the past 6 years the exports of Trinidad and Tobago to Madagascar have increased at an annualized rate of 226%, from $4.53k in 2015 to $5.42M in 2021.

In 2021, Trinidad and Tobago did not export any services to Madagascar.

Madagascar-Trinidad and Tobago Trade: In 2021, Madagascar exported $115k to Trinidad and Tobago. The main products that Madagascar exported to Trinidad and Tobago were Cloves ($57.1k), Spices ($44.8k), and Dried Legumes ($12.1k). Over the past 6 years the exports of Madagascar to Trinidad and Tobago have increased at an annualized rate of 51.3%,  from $14.5k in 2015 to $115k in 2021.

In 2021, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Trinidad and Tobago exported $5.42M to Madagascar. There were not main exports from Trinidad and Tobago to Madagascar in 2021. During the last 6 years the exports of Trinidad and Tobago to Madagascar have increased at an annualized rate of 226%, from $4.53k in 2015 to $5.42M in 2021.

In 2017, Madagascar exported $115k to Trinidad and Tobago. The main products exported from Madagascar to Trinidad and Tobago were Cloves ($57.1k), Spices ($44.8k), and Dried Legumes ($12.1k). During the last 5 years the exports of Madagascar to Trinidad and Tobago have increased at an annualized rate of 51.3%, from $14.5k in 2022 to $115k in 2017.

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

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

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Trinidad and Tobago than Madagascar included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

In 2022, countries that imported more from Madagascar than Trinidad and Tobago included Japan ($448M), China ($538M), and France ($634M).

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

Comparative Advantage Trinidad and Tobago - Madagascar

Flow
Scale

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

During 2021, Trinidad and Tobago had a large net trade with Madagascar in the exports of .

During 2017, Madagascar had a large net trade with Trinidad and Tobago in the exports of Vegetable Products ($115k) and Textiles ($309).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Madagascar+$2.31kAmmonia
Top Product Potential Madagascar Trinidad and Tobago+$23.9kDried Legumes

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

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

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