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2023
Flag → Flag
Exports $130MRnk 22 / 123
2023
Flag → Flag
Top Product $98.6MPetroleum Gas
2023
Flag → Flag
Exports $1.62MRnk 160 / 211
2023
Flag → Flag
Top Product $429kUncoated Paper
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 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$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Trinidad and Tobago-Portugal Trade: In 2023, Trinidad and Tobago exported $130M to Portugal. The main products that Trinidad and Tobago exported to Portugal were Petroleum Gas ($98.6M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($30.9M), and Metalworking Machine Parts ($606). Over the past 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 15.8%, from $62.2M in 2018 to $130M in 2023.

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

Portugal-Trinidad and Tobago Trade: In 2023, Portugal exported $1.62M to Trinidad and Tobago. The main products that Portugal exported to Trinidad and Tobago were Uncoated Paper ($429k), Other Edible Preparations ($269k), and Electrical Control Boards ($141k). Over the past 5 years the exports of Portugal to Trinidad and Tobago have decreased at an annualized rate of 15.5%,  from $3.76M in 2018 to $1.62M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $130M to Portugal. The main products exported from Trinidad and Tobago to Portugal were Petroleum Gas ($98.6M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($30.9M), and Metalworking Machine Parts ($606). During the last 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 15.8%, from $62.2M in 2018 to $130M in 2023.

In 2018, Portugal exported $1.62M to Trinidad and Tobago. The main products exported from Portugal to Trinidad and Tobago were Uncoated Paper ($429k), Other Edible Preparations ($269k), and Electrical Control Boards ($141k). During the last 5 years the exports of Portugal to Trinidad and Tobago have decreased at an annualized rate of 15.5%, from $3.76M in 2023 to $1.62M in 2018.

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

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

Latest Data

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

Portugal Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Trinidad and Tobago than Portugal included Guyana ($625M), Chile ($605M), and Barbados ($460M).

In 2023, countries that imported more from Portugal than Trinidad and Tobago included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Trinidad and Tobago - Portugal

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Portugal in the exports of Mineral Products ($98.6M), Chemical Products ($30.9M), and Machines ($606).

During 2018, Portugal had a large net trade with Trinidad and Tobago in the exports of Paper Goods ($433k), Foodstuffs ($379k), and Machines ($310k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Portugal+$18.4kCentrifuges
Top Product Potential Portugal Trinidad and Tobago+$170kUncoated Paper

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

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

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