NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $21.7MRnk 109 / 213
2023
Flag → Flag
Top Product $6.02MElectric Soldering Equipment
2023
Flag → Flag
Exports $821kRnk 64 / 123
2023
Flag → Flag
Top Product $480kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 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 $56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 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

Austria-Trinidad and Tobago Trade: In 2023, Austria exported $21.7M to Trinidad and Tobago. The main products that Austria exported to Trinidad and Tobago were Electric Soldering Equipment ($6.02M), Medical Instruments ($4.69M), and X-Ray Equipment ($2.38M). Over the past 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 9.57%, from $13.7M in 2018 to $21.7M in 2023.

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

Trinidad and Tobago-Austria Trade: In 2023, Trinidad and Tobago exported $821k to Austria. The main products that Trinidad and Tobago exported to Austria were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($480k), Hard Liquor ($213k), and Knit Men's Shirts ($31.1k). Over the past 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 0.31%,  from $838k in 2018 to $821k in 2023.

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

Comparison In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56),  and 31 in total exports ($204B). 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, Austria exported $21.7M to Trinidad and Tobago. The main products exported from Austria to Trinidad and Tobago were Electric Soldering Equipment ($6.02M), Medical Instruments ($4.69M), and X-Ray Equipment ($2.38M). During the last 5 years the exports of Austria to Trinidad and Tobago have increased at an annualized rate of 9.57%, from $13.7M in 2018 to $21.7M in 2023.

In 2018, Trinidad and Tobago exported $821k to Austria. The main products exported from Trinidad and Tobago to Austria were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($480k), Hard Liquor ($213k), and Knit Men's Shirts ($31.1k). During the last 5 years the exports of Trinidad and Tobago to Austria have decreased at an annualized rate of 0.31%, from $838k in 2023 to $821k in 2018.

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

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

Latest Data

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

Austria Exports

Market Competitiveness

Color
Austria
Top DestinationGermany$51B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Austria than Trinidad and Tobago included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

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

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

Comparative Advantage Austria - Trinidad and Tobago

Flow
Scale

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

During 2023, Austria had a large net trade with Trinidad and Tobago in the exports of Machines ($9.25M), Instruments ($8.4M), and Transportation ($1.09M).

During 2018, Trinidad and Tobago had a large net trade with Austria in the exports of Chemical Products ($481k), Foodstuffs ($220k), and Textiles ($60.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Trinidad and Tobago+$675kVaccines, blood, antisera, toxins and cultures
Top Product Potential Trinidad and Tobago Austria+$29.5kOther Plastic Products

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Trinidad and Tobago. This means that a dot/product with the flag of Austria 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 Austria.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms