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2023
Flag → Flag
Exports $55.3MRnk 85 / 217
2023
Flag → Flag
Top Product $38.1MPassenger and Cargo Ships
2023
Flag → Flag
Exports $1.41MRnk 58 / 123
2023
Flag → Flag
Top Product $795kReaction and Catalytic Products
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 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 $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 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

Denmark-Trinidad and Tobago Trade: In 2023, Denmark exported $55.3M to Trinidad and Tobago. The main products that Denmark exported to Trinidad and Tobago were Passenger and Cargo Ships ($38.1M), Reaction and Catalytic Products ($5.2M), and Malt ($3.5M). Over the past 5 years the exports of Denmark to Trinidad and Tobago have increased at an annualized rate of 27%, from $16.8M in 2018 to $55.3M in 2023.

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

Trinidad and Tobago-Denmark Trade: In 2023, Trinidad and Tobago exported $1.41M to Denmark. The main products that Trinidad and Tobago exported to Denmark were Reaction and Catalytic Products ($795k), Engine Parts ($430k), and Hard Liquor ($153k). Over the past 5 years the exports of Trinidad and Tobago to Denmark have increased at an annualized rate of 19.2%,  from $586k in 2018 to $1.41M in 2023.

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

Comparison In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13),  and 37 in total exports ($118B). 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, Denmark exported $55.3M to Trinidad and Tobago. The main products exported from Denmark to Trinidad and Tobago were Passenger and Cargo Ships ($38.1M), Reaction and Catalytic Products ($5.2M), and Malt ($3.5M). During the last 5 years the exports of Denmark to Trinidad and Tobago have increased at an annualized rate of 27%, from $16.8M in 2018 to $55.3M in 2023.

In 2018, Trinidad and Tobago exported $1.41M to Denmark. The main products exported from Trinidad and Tobago to Denmark were Reaction and Catalytic Products ($795k), Engine Parts ($430k), and Hard Liquor ($153k). During the last 5 years the exports of Trinidad and Tobago to Denmark have increased at an annualized rate of 19.2%, from $586k in 2023 to $1.41M in 2018.

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

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

Latest Data

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

Denmark Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Denmark than Trinidad and Tobago included Germany ($14.8B), Sweden ($11.2B), and United States ($12B).

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

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

Comparative Advantage Denmark - Trinidad and Tobago

Flow
Scale

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

During 2023, Denmark had a large net trade with Trinidad and Tobago in the exports of Transportation ($38.1M), Chemical Products ($5.79M), and Vegetable Products ($3.5M).

During 2018, Trinidad and Tobago had a large net trade with Denmark in the exports of Chemical Products ($796k), Machines ($443k), and Foodstuffs ($153k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Trinidad and Tobago+$381kValves
Top Product Potential Trinidad and Tobago Denmark+$85.2kTransmissions

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

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

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