Trinidad and Tobago (TTO) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Trinidad and Tobago-Russia Trade: In 2021, Trinidad and Tobago exported $1.4M to Russia. The main products that Trinidad and Tobago exported to Russia were N/A. Over the past 5 years the exports of Trinidad and Tobago to Russia have increased at an annualized rate of 23.7%, from $481k in 2016 to $1.4M in 2021.

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

Russia-Trinidad and Tobago Trade: In 2021, Russia exported $1.37M to Trinidad and Tobago. The main products that Russia exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Russia to Trinidad and Tobago have decreased at an annualized rate of 70.1%, from $577M in 2016 to $1.37M in 2021.

In 2020, Russia exported services to Trinidad and Tobago worth $110k, with Communications services ($59k), Other business services ($46k), and Transportation ($3k) being the largest in terms of value.

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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Trinidad and Tobago exported $1.4M to Russia. There were not main exports from Trinidad and Tobago to Russia in 2021. During the last 5 years the exports of Trinidad and Tobago to Russia have increased at an annualized rate of 23.7%, from $481k in 2016 to $1.4M in 2021.

In 2017, Russia exported $1.37M to Trinidad and Tobago. There were not main exports from Russia to Trinidad and Tobago in 2017. During the last 5 years the exports of Russia to Trinidad and Tobago have decreased at an annualized rate of 70.1%, from $577M in 2022 to $1.37M in 2017.

Exports from Trinidad and Tobago () to Russia () (2022)

Exports from Russia () to Trinidad and Tobago () (2022)

Latest Data

Trade between Trinidad and Tobago () and Russia ()

Trinidad and Tobago Exports

Date

Mar 2010

Jan 2010

undefined

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$3.26B

Russia
Top DestinationChina$129B

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

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

In 2023, countries that imported more from Russia than Trinidad and Tobago included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

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

During 2017, Russia had a large net trade with Trinidad and Tobago in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Russia+$4.73kPetroleum Gas

Top Product Potential Russia Trinidad and Tobago+$7.22kRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Trinidad and Tobago worth $110k, with Communications services ($59k), Other business services ($46k), and Transportation ($3k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Trinidad and Tobago () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Trinidad and Tobago and Russia. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Trinidad and Tobago.

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Russia () (2022)

Exports from Russia () to Trinidad and Tobago () (2022)

Latest Data

Trade between Trinidad and Tobago () and Russia ()

Trinidad and Tobago Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Russia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Russia () to Trinidad and Tobago () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Russia () (2022)

Keep Exploring