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2023
Flag → Flag
Exports $149MRnk 95 / 220
2023
Flag → Flag
Top Product $113MRefined Petroleum
2023
Flag → Flag
Exports $396MRnk 8 / 123
2023
Flag → Flag
Top Product $136MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 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 $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 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

Belgium-Trinidad and Tobago Trade: In 2023, Belgium exported $149M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago were Refined Petroleum ($113M), Other Frozen Vegetables ($6.85M), and Cars ($4.29M). Over the past 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 18.2%, from $64.4M in 2018 to $149M in 2023.

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

Trinidad and Tobago-Belgium Trade: In 2023, Trinidad and Tobago exported $396M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($136M), Ammonia ($134M), and Crude Petroleum ($62.6M). Over the past 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 6.99%,  from $282M in 2018 to $396M in 2023.

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

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €3.54M and imported €39.4M from Trinidad and Tobago, resulting in a negative trade balance of €35.9M. Between November 2023 and November 2024 the exports of Belgium have increased by €1.14M (47.8%) from €2.4M to €3.54M, while imports increased by €4.05M (11.4%) from €35.4M to €39.4M.

Trade In November 2024, the top exports of Belgium to Trinidad and Tobago were Mineral fuels, mineral oils and products... (€27.2M), Food residues & wastes; animal fodder (€600k), Preparations of vegetables, fruit, nuts or... (€247k), Misc. manufactures (€214k), and Chemical products n.e.s. (€101k). In November 2024 the top imports of Belgium from Trinidad and Tobago were Inorganic chemicals (€49M), Organic chemicals (€3.99M), Fertilizers (€1.66M), Chemical products n.e.s. (€2.91k), and Mineral fuels, mineral oils and products... (€171).

Growth In November 2024, the increase in Belgium's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Mineral fuels, mineral oils and products... (€27.1M or 37.7k%), Misc. manufactures (€145k or 210%), and Chemical products n.e.s. (€97.2k or 2.3k%). In November 2024, the increase in Belgium's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Fertilizers (€121k or 7.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.14M(47.8%)
IMPORT GROWTH (November 2023 - November 2024)€4.05M(11.4%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Trinidad and Tobago and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $149M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Refined Petroleum ($113M), Other Frozen Vegetables ($6.85M), and Cars ($4.29M). During the last 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 18.2%, from $64.4M in 2018 to $149M in 2023.

In 2018, Trinidad and Tobago exported $396M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($136M), Ammonia ($134M), and Crude Petroleum ($62.6M). During the last 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 6.99%, from $282M in 2023 to $396M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Belgium than Trinidad and Tobago included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Trinidad and Tobago than Belgium included Guyana ($625M), Barbados ($460M), and Jamaica ($227M).

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

Comparative Advantage Belgium - Trinidad and Tobago

Flow
Scale

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

During 2023, Belgium had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($113M), Foodstuffs ($12M), and Machines ($5.3M).

During 2018, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($276M), Mineral Products ($119M), and Metals ($830k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Trinidad and Tobago+$3.99MRefined Petroleum
Top Product Potential Trinidad and Tobago Belgium+$26.5MCrude Petroleum

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

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

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