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2022
Flag → Flag
Exports $232MRnk 16 / 149
2022
Flag → Flag
Top Product $189MPetroleum Gas
2022
Flag → Flag
Exports $9.1MRnk 122 / 208
2022
Flag → Flag
Top Product $4.56MTwine and Rope
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Trinidad and Tobago-Portugal Trade: In 2022, Trinidad and Tobago exported $232M to Portugal. The main products that Trinidad and Tobago exported to Portugal were Petroleum Gas ($189M), Acyclic Alcohols ($42.5M), and Centrifuges ($11.6k). Over the past 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 48.5%, from $32.1M in 2017 to $232M in 2022.

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

Portugal-Trinidad and Tobago Trade: In 2022, Portugal exported $9.1M to Trinidad and Tobago. The main products that Portugal exported to Trinidad and Tobago were Twine and Rope ($4.56M), Uncoated Paper ($1.48M), and Shaped Paper ($360k). Over the past 5 years the exports of Portugal to Trinidad and Tobago have increased at an annualized rate of 26.9%,  from $2.77M in 2017 to $9.1M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $232M to Portugal. The main products exported from Trinidad and Tobago to Portugal were Petroleum Gas ($189M), Acyclic Alcohols ($42.5M), and Centrifuges ($11.6k). During the last 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 48.5%, from $32.1M in 2017 to $232M in 2022.

In 2017, Portugal exported $9.1M to Trinidad and Tobago. The main products exported from Portugal to Trinidad and Tobago were Twine and Rope ($4.56M), Uncoated Paper ($1.48M), and Shaped Paper ($360k). During the last 5 years the exports of Portugal to Trinidad and Tobago have increased at an annualized rate of 26.9%, from $2.77M in 2022 to $9.1M in 2017.

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

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

Latest Data

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

Portugal Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Trinidad and Tobago than Portugal included Jamaica ($430M), Guyana ($257M), and Chile ($291M).

In 2022, countries that imported more from Portugal than Trinidad and Tobago included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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 2022, Trinidad and Tobago had a large net trade with Portugal in the exports of Mineral Products ($189M), Chemical Products ($42.5M), and Machines ($12k).

During 2017, Portugal had a large net trade with Trinidad and Tobago in the exports of Textiles ($4.99M), Paper Goods ($2.01M), and Machines ($715k).

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) (2022)

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