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2022
Flag → Flag
Exports $342kRnk 58 / 0
2022
Flag → Flag
Exports $3.83MRnk 58 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 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 PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Trinidad and Tobago-Venezuela Trade: In 2022, Trinidad and Tobago exported $342k to Venezuela. The main products that Trinidad and Tobago exported to Venezuela were N/A. Over the past 5 years the exports of Trinidad and Tobago to Venezuela have decreased at an annualized rate of 56.3%, from $21.6M in 2017 to $342k in 2022.

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

Venezuela-Trinidad and Tobago Trade: In 2022, Venezuela exported $3.83M to Trinidad and Tobago. The main products that Venezuela exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Venezuela to Trinidad and Tobago have increased at an annualized rate of 7.77%,  from $2.63M in 2017 to $3.83M in 2022.

In 2022, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $342k to Venezuela. There were not main exports from Trinidad and Tobago to Venezuela in 2022. During the last 5 years the exports of Trinidad and Tobago to Venezuela have decreased at an annualized rate of 56.3%, from $21.6M in 2017 to $342k in 2022.

In 2017, Venezuela exported $3.83M to Trinidad and Tobago. There were not main exports from Venezuela to Trinidad and Tobago in 2017. During the last 5 years the exports of Venezuela to Trinidad and Tobago have increased at an annualized rate of 7.77%, from $2.63M in 2022 to $3.83M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Venezuela
Top DestinationUnited States$3.81B

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

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

In 2023, countries that imported more from Venezuela than Trinidad and Tobago included United States ($3.81B), Spain ($670M), and Turkey ($364M).

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

Comparative Advantage Trinidad and Tobago - Venezuela

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Venezuela in the exports of .

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

Economic Complexity

Competitive Landscape

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

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

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