The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
In 2020, Trinidad and Tobago exported a total of $6.3B, making it the number 104 exporter in the world. During the last five reported years the exports of Trinidad and Tobago have changed by -$5.61B from $11.9B in 2015 to $6.3B in 2020.
Trinidad and Tobago Exports Services (2020): $453M
Trinidad and Tobago Imports Services (2020): $1.75B
In 2020, Trinidad and Tobago exported $453M worth of services. The top services exported by Trinidad and Tobago in 2020 were Personal travel ($123M), Other direct insurance ($105M), Sea transport ($64.8M), Miscellaneous business, professional, and technical services ($53.6M), and Air transport ($39.7M).
The top services imported by Trinidad and Tobago in 2020 were Miscellaneous business, professional, and technical services ($640M), Sea transport ($450M), Reinsurance ($307M), Financial services ($77.5M), and Embassies and consulates ($51.2M).
Trinidad and Tobago has a high level of specialization in Ammonia (339), Iron Reductions (276), Acyclic Alcohols (91.8), Nitrogenous Fertilizers (41.4), and Petroleum Gas (26.1). Specialization is measured using RCA, an index that takes the ratio between Trinidad and Tobago observed and expected exports in each product.
The highest complexity exports of Trinidad and Tobago according to the product complexity index (PCI) are Drafting Tools (1.84), Excavation Machinery (0.98), Paintings (0.65), Other Inorganic Acids (0.53), and Other Paints (0.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Trinidad and Tobago according to the relatedness index, are Soap (0.078), Cocoa Beans (0.078), Scrap Aluminium (0.076), Gold (0.076), and Fish Fillets (0.075). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Trinidad and Tobago is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Trinidad And Tobago. These are products that tend to be co-exported with the products that Trinidad And Tobago exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.