2023
Flag  
GDP
$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
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 
$6,023CURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP PC GROWTH
-17.9%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC
$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH
-6.54%CURRENT US$
Rnk 162 / 195

About

South Africa-Trinidad and Tobago Trade: In 2023, South Africa exported $6.13M to Trinidad and Tobago. The main products that South Africa exported to Trinidad and Tobago were Delivery Trucks ($5.03M), Railway Cargo Containers ($227k), and Hair Products ($141k). Over the past 5 years the exports of South Africa to Trinidad and Tobago have decreased at an annualized rate of 13.1%, from $12.4M in 2018 to $6.13M in 2023.

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

Trinidad and Tobago-South Africa Trade: In 2023, Trinidad and Tobago exported $841k to South Africa. The main products that Trinidad and Tobago exported to South Africa were Hard Liquor ($796k), Centrifuges ($29.9k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.4k). Over the past 5 years the exports of Trinidad and Tobago to South Africa have decreased at an annualized rate of 35.4%,  from $27.7M in 2018 to $841k in 2023.

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

Comparison In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07),  and 34 in total exports ($154B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $6.13M to Trinidad and Tobago. The main products exported from South Africa to Trinidad and Tobago were Delivery Trucks ($5.03M), Railway Cargo Containers ($227k), and Hair Products ($141k). During the last 5 years the exports of South Africa to Trinidad and Tobago have decreased at an annualized rate of 13.1%, from $12.4M in 2018 to $6.13M in 2023.

In 2018, Trinidad and Tobago exported $841k to South Africa. The main products exported from Trinidad and Tobago to South Africa were Hard Liquor ($796k), Centrifuges ($29.9k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.4k). During the last 5 years the exports of Trinidad and Tobago to South Africa have decreased at an annualized rate of 35.4%, from $27.7M in 2023 to $841k in 2018.

Exports from South Africa (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top Destination
China$29.5B
Trinidad and Tobago
Top Destination
United States$3.26B

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

In 2023, countries that imported more from South Africa than Trinidad and Tobago included China ($29.5B), Germany ($10.8B), and India ($10.8B).

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

Difference in imports from Trinidad and Tobago (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Trinidad and Tobago

Flow
Scale

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

During 2023, South Africa had a large net trade with Trinidad and Tobago in the exports of Transportation ($5.25M), Machines ($240k), and Chemical Products ($171k).

During 2018, Trinidad and Tobago had a large net trade with South Africa in the exports of Foodstuffs ($796k), Machines ($34.6k), and Chemical Products ($9.93k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Trinidad and Tobago+$1.49MDelivery Trucks
Top Product Potential Trinidad and Tobago South Africa+$4.05MAmmonia

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

Product Space of South Africa (Flag) and Trinidad and Tobago (Flag) (2023)

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