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Pricing

2022
Flag → Flag
Exports $1.53kRnk 53 / 0
2022
Flag → Flag
Exports $148Rnk 119 / 123
2022
Flag → Flag
Top Product $148Hard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 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 $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 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

Armenia-Trinidad and Tobago Trade: In 2022, Armenia exported $1.53k to Trinidad and Tobago. The main products that Armenia exported to Trinidad and Tobago were N/A. Over the past 6 years the exports of Armenia to Trinidad and Tobago have decreased at an annualized rate of 7.27%, from $2.41k in 2016 to $1.53k in 2022.

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

Trinidad and Tobago-Armenia Trade: In 2022, Trinidad and Tobago exported $148 to Armenia. The main products that Trinidad and Tobago exported to Armenia were Hard Liquor ($148). Over the past 6 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 57.2%,  from $10.3k in 2016 to $148 in 2022.

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

Comparison In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094),  and 107 in total exports ($9.02B). 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 2022, Armenia exported $1.53k to Trinidad and Tobago. There were not main exports from Armenia to Trinidad and Tobago in 2022. During the last 6 years the exports of Armenia to Trinidad and Tobago have decreased at an annualized rate of 7.27%, from $2.41k in 2016 to $1.53k in 2022.

In 2018, Trinidad and Tobago exported $148 to Armenia. The main products exported from Trinidad and Tobago to Armenia were Hard Liquor ($148). During the last 5 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 57.2%, from $10.3k in 2023 to $148 in 2018.

Exports from Armenia (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Armenia (Flag) (2023)

Latest Data

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

Armenia Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Armenia than Trinidad and Tobago included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

In 2023, countries that imported more from Trinidad and Tobago than Armenia included United States ($3.26B), Guyana ($625M), and Chile ($605M).

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

Comparative Advantage Armenia - Trinidad and Tobago

Flow
Scale

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

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

During 2018, Trinidad and Tobago had a large net trade with Armenia in the exports of Foodstuffs ($148).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Armenia Trinidad and Tobago+$1.86kCars
Top Product Potential Trinidad and Tobago Armenia+$5.39kHard Liquor

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 Armenia and Trinidad and Tobago. This means that a dot/product with the flag of Armenia 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 Armenia.

Product Space of Armenia (Flag) and Trinidad and Tobago (Flag) (2023)

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