Botswana (BWA) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

About

Botswana-Trinidad and Tobago Trade: In 2023, Botswana exported $56 to Trinidad and Tobago. The main products that Botswana exported to Trinidad and Tobago were Hard Liquor ($33) and Navigation Equipment ($23). Over the past 7 years the exports of Botswana to Trinidad and Tobago have increased at an annualized rate of 21.9%, from $14 in 2016 to $56 in 2023.

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

Trinidad and Tobago-Botswana Trade: In 2023, Trinidad and Tobago exported $2.13k to Botswana. The main products that Trinidad and Tobago exported to Botswana were Computers ($1.24k), LCDs ($457), and Hard Liquor ($110). Over the past 7 years the exports of Trinidad and Tobago to Botswana have increased at an annualized rate of 26%, from $670 in 2016 to $2.13k in 2023.

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

Comparison In 2023, Botswana ranked 80 in the Economic Complexity Index (ECI -0.41), and 122 in total exports ($6.59B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Botswana exported $56 to Trinidad and Tobago. The main products exported from Botswana to Trinidad and Tobago were Hard Liquor ($33) and Navigation Equipment ($23). During the last 7 years the exports of Botswana to Trinidad and Tobago have increased at an annualized rate of 21.9%, from $14 in 2016 to $56 in 2023.

In 2018, Trinidad and Tobago exported $2.13k to Botswana. The main products exported from Trinidad and Tobago to Botswana were Computers ($1.24k), LCDs ($457), and Hard Liquor ($110). During the last 5 years the exports of Trinidad and Tobago to Botswana have increased at an annualized rate of 26%, from $670 in 2023 to $2.13k in 2018.

Exports from Botswana () to Trinidad and Tobago () (2023)

Exports from Trinidad and Tobago () to Botswana () (2023)

Latest Data

Trade between Botswana () and Trinidad and Tobago ()

Botswana Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Botswana
Top DestinationUnited Arab Emirates$1.81B

Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Botswana than Trinidad and Tobago included United Arab Emirates ($1.81B), India ($1.15B), and Belgium ($1.08B).

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

Difference in imports from Trinidad and Tobago () and Botswana () (2023)

Comparative Advantage Botswana - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Botswana had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($33) and Machines ($23).

During 2018, Trinidad and Tobago had a large net trade with Botswana in the exports of Machines ($1.32k), Instruments ($457), and Footwear and Headwear ($150).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Botswana Trinidad and Tobago+$1.5kRefined Petroleum

Top Product Potential Trinidad and Tobago Botswana+$24.1kHard 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Botswana () to Trinidad and Tobago () (2023)

Exports from Trinidad and Tobago () to Botswana () (2023)

Latest Data

Trade between Botswana () and Trinidad and Tobago ()

Botswana Exports

Market Competitiveness

Difference in imports from Trinidad and Tobago () and Botswana () (2023)

Comparative Advantage Botswana - Trinidad and Tobago

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Botswana () and Trinidad and Tobago () (2023)

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