In 2021, Trinidad and Tobago exported a total of $9.86B, making it the number 96 exporter in the world. During the last five reported years the exports of Trinidad and Tobago have changed by $1.6B from $8.26B in 2016 to $9.86B in 2021.
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).
The top export opportunities for Trinidad and Tobago according to the relatedness index, were Tropical Fruits (0.086), Wheat Flours (0.085), Gold (0.084), Cocoa Beans (0.084), and Hard Liquor (0.083). 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.