Flag Trinidad and Tobago / Uruguay Flag

Exports Flag β†’ Flag  (2018): $17.6M, Rnk 33 / 104

Top Product Flag β†’ Flag (2018): $17.6M, Petroleum Gas

Exports Flag β†’ Flag (2018): $15.7M, Rnk 47 / 157

Top Product Flag β†’ Flag (2018): $14.7M, Frozen Bovine Meat

Economic Complexity of Flag (2018): ECI 0.13, Rnk 60 / 137

Economic Complexity of Flag (2018): ECI 0.17, Rnk 58 / 137

GDP Flag (2018): $23.8B, CURRENT US$
Rnk 112 / 196

GDP GROWTH Flag (2008-2018): -14.6%, CURRENT US$
Rnk 189 / 196

GDP Flag (2018): $59.6B, CURRENT US$
Rnk 79 / 196

GDP GROWTH Flag (2008-2018): 96.3%, CURRENT US$
Rnk 33 / 196

GDP PC Flag (2018): $17,130, CURRENT US$
Rnk 54 / 196

GDP PC GROWTH Flag (2008-2018): -19.2%, CURRENT US$
Rnk 182 / 196

GDP PC Flag (2018): $17,278, CURRENT US$
Rnk 53 / 196

GDP PC GROWTH Flag (2008-2018): 90.1%, CURRENT US$
Rnk 20 / 196

Trinidad and Tobago-Uruguay: In 2018, Trinidad and Tobago exported $17.6M to Uruguay. The main products that Trinidad and Tobago exported to Uruguay are Petroleum Gas ($17.6M) and Hard Liquor ($10.7k). During the last 23 years the exports of Trinidad and Tobago to Uruguay have increased at an annualized rate of 29.9%, from $42.8k in 1995 to $17.6M in 2018.

In 2018, Trinidad and Tobago did not exported services to Uruguay.

Uruguay-Trinidad and Tobago: In 2018, Uruguay exported $15.7M to Trinidad and Tobago . The main products that Uruguay exported to Trinidad and Tobago were Frozen Bovine Meat ($14.7M), Milk ($349k), and Packaged Medicaments ($234k). During the last 23 years the exports of Trinidad and Tobago to Uruguay have increased at an annualized rate of 29.9%, from $42.8k in 1995 to $17.6M in 2018.

In 2018, Uruguay did not exported services to Trinidad and Tobago.

Comparison: In 2018,  Trinidad and Tobago ranked 60 in the Economic Complexity Index (ECI 0.13), and 88 in total exports ($9.94B). That same year, Uruguay ranked 58 in the Economic Complexity Index (ECI 0.17), and 92 in total exports ($8.96B).

Bilateral Trade by Products

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Depth
Value

In 2018, Trinidad and Tobago exported $17.6M to Uruguay. The main products exported from Trinidad and Tobago to Uruguay were Petroleum Gas ($17.6M) and Hard Liquor ($10.7k). During the last 23 years the exports of Trinidad and Tobago to Uruguay have increased at an annualized rate of 29.9%, from $42.8k in 1995 to $17.6M in 2018.

In 2018, Uruguay exported $15.7M to Trinidad and Tobago. The main products exported from Uruguay to Trinidad and Tobago were Frozen Bovine Meat ($14.7M), Milk ($349k), and Packaged Medicaments ($234k). During the last 23 years the exports of Uruguay to Trinidad and Tobago have increased at an annualized rate of 20.1%, from $233k in 1995 to $15.7M in 2018.

Market Competitiveness

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Measure

Trinidad and Tobago
Top Destination
: United States, $3.36B

Uruguay
Top Destination
: China, $2.04B

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

In 2018, countries that imported more from Trinidad and Tobago than Uruguay were United States ($3.36B), Guyana ($707M), and Chile ($630M).

In 2018, countries that imported more from Uruguay than Trinidad and Tobago were China ($2.04B), Brazil ($1.14B), and Turkey ($348M).

Comparative Advantage Trinidad and Tobago - Uruguay

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Depth

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

During 2018, Trinidad and Tobago had a large net trade with Uruguay in the exports of Mineral Products ($17.6M) and Foodstuffs ($10.7k).

During 2018, Uruguay had a large net trade with Trinidad and Tobago in the exports of Animal Products ($15.1M), Chemical Products ($486k), and Plastics and Rubbers ($102k).

Tariff Section

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This section shows import tariffs for products traded between Trinidad and Tobago and Uruguay (using the HS6 product classification and the last year reported).

In 2013, the products from Trinidad and Tobago that paid the highest import tariffs to enter Uruguay were Vermouth and other flavoured grape wines - pack > 2l (321%) and Undenatured ethyl alcohol > 80% by volume (263%).

In 2018, the products from Uruguay that paid the highest import tariffs to enter Trinidad and Tobago were Refined sugar, in solid form, flavoured or coloured (35%) and Refined sugar, in solid form, nes, pure sucrose (35%).

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*The tariffs present between Trinidad and Tobago and Uruguay are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Trinidad and Tobago has comparative advantage over Uruguay. Similarly, the more red a dot/product is, the more Uruguay has comparative advantage over Trinidad and Tobago.