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2022
Flag → Flag
Exports $67.4MRnk 57 / 187
2022
Flag → Flag
Top Product $8.82MRaw Sugar
2022
Flag → Flag
Exports $222MRnk 18 / 149
2022
Flag → Flag
Top Product $83.9MNitrogenous Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Colombia-Trinidad and Tobago Trade: In 2022, Colombia exported $67.4M to Trinidad and Tobago. The main products that Colombia exported to Trinidad and Tobago were Raw Sugar ($8.82M), Aluminium Cans ($7.34M), and Electric Batteries ($5.5M). Over the past 5 years the exports of Colombia to Trinidad and Tobago have decreased at an annualized rate of 23.8%, from $262M in 2017 to $67.4M in 2022.

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

Trinidad and Tobago-Colombia Trade: In 2022, Trinidad and Tobago exported $222M to Colombia. The main products that Trinidad and Tobago exported to Colombia were Nitrogenous Fertilizers ($83.9M), Crude Petroleum ($68.6M), and Ammonia ($35.1M). Over the past 5 years the exports of Trinidad and Tobago to Colombia have increased at an annualized rate of 7.91%,  from $151M in 2017 to $222M in 2022.

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

Comparison In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11),  and 53 in total exports ($60.3B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Colombia exported $67.4M to Trinidad and Tobago. The main products exported from Colombia to Trinidad and Tobago were Raw Sugar ($8.82M), Aluminium Cans ($7.34M), and Electric Batteries ($5.5M). During the last 5 years the exports of Colombia to Trinidad and Tobago have decreased at an annualized rate of 23.8%, from $262M in 2017 to $67.4M in 2022.

In 2017, Trinidad and Tobago exported $222M to Colombia. The main products exported from Trinidad and Tobago to Colombia were Nitrogenous Fertilizers ($83.9M), Crude Petroleum ($68.6M), and Ammonia ($35.1M). During the last 5 years the exports of Trinidad and Tobago to Colombia have increased at an annualized rate of 7.91%, from $151M in 2022 to $222M in 2017.

Exports from Colombia (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Colombia (Flag) (2022)

Latest Data

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

Colombia Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Colombia than Trinidad and Tobago included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

In 2022, countries that imported more from Trinidad and Tobago than Colombia included Morocco ($740M), Jamaica ($430M), and Belgium ($894M).

Difference in imports from Trinidad and Tobago (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Trinidad and Tobago

Flow
Scale

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

During 2022, Colombia had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($18.4M), Machines ($11.2M), and Metals ($10.2M).

During 2017, Trinidad and Tobago had a large net trade with Colombia in the exports of Chemical Products ($145M), Mineral Products ($70.6M), and Animal Products ($3.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Colombia Trinidad and Tobago+$2.47MRefined Petroleum
Top Product Potential Trinidad and Tobago Colombia+$8.49MAcyclic Alcohols

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

Product Space of Colombia (Flag) and Trinidad and Tobago (Flag) (2022)

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