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Pricing

2023
Flag → Flag
Exports $21.2MRnk 147 / 220
2023
Flag → Flag
Top Product $2.49MUnglazed Ceramics
2023
Flag → Flag
Exports $342MRnk 12 / 123
2023
Flag → Flag
Top Product $152MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 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

Spain-Trinidad and Tobago Trade: In 2023, Spain exported $21.2M to Trinidad and Tobago. The main products that Spain exported to Trinidad and Tobago were Unglazed Ceramics ($2.49M), Refractory Bricks ($1.92M), and Pure Olive Oil ($1.54M). Over the past 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 15.7%, from $49.6M in 2018 to $21.2M in 2023.

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

Trinidad and Tobago-Spain Trade: In 2023, Trinidad and Tobago exported $342M to Spain. The main products that Trinidad and Tobago exported to Spain were Petroleum Gas ($152M), Crude Petroleum ($105M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($40.9M). Over the past 5 years the exports of Trinidad and Tobago to Spain have decreased at an annualized rate of 6.9%,  from $525M in 2018 to $342M in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €1.37M and imported €5.35M from Trinidad and Tobago, resulting in a negative trade balance of €3.98M. Between December 2023 and December 2024 the exports of Spain have decreased by €-106k (-7.2%) from €1.48M to €1.37M, while imports decreased by €-7.82M (-59.4%) from €13.2M to €5.35M.

Trade In December 2024, the top exports of Spain to Trinidad and Tobago were Pure Olive Oil (€218k), Unglazed Ceramics (€109k), Electrical Control Boards (€89.9k), Optical Fibers and optical fibre bundles (€79.8k), and Thermostats (€73k). In December 2024 the top imports of Spain from Trinidad and Tobago were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (€5.28M), Inedible Fats and Oils (€150k), Nitrogen Heterocyclic Compounds (€86.2k), Scrap Iron (€51.9k), and Scrap Nickel (€5.7k).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€359k), Valencia (€310k), Castellón (€229k), Burgos (€129k), and Madrid (€101k), while imports destinations were mainly Pontevedra (€1.83M), Valencia (€1.58M), Huelva (€1.28M), Tarragona (€668k), and Barcelona (€111).

Growth In December 2024, the decrease in Spain's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Washing and Bottling Machines (€-152k or -98.9%), Baked Goods (€-63.2k or -46.7%), and Optical Fibers and optical fibre bundles (€-5.52k or -6.47%). In December 2024, the decrease in Spain's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€-106k(-7.2%)
IMPORT GROWTH (December 2023 - December 2024)€-7.82M(-59.4%)
MAIN EXPORTER (December 2024)Barcelona€359k

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $21.2M to Trinidad and Tobago. The main products exported from Spain to Trinidad and Tobago were Unglazed Ceramics ($2.49M), Refractory Bricks ($1.92M), and Pure Olive Oil ($1.54M). During the last 5 years the exports of Spain to Trinidad and Tobago have decreased at an annualized rate of 15.7%, from $49.6M in 2018 to $21.2M in 2023.

In 2018, Trinidad and Tobago exported $342M to Spain. The main products exported from Trinidad and Tobago to Spain were Petroleum Gas ($152M), Crude Petroleum ($105M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($40.9M). During the last 5 years the exports of Trinidad and Tobago to Spain have decreased at an annualized rate of 6.9%, from $525M in 2023 to $342M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Spain than Trinidad and Tobago included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Trinidad and Tobago than Spain included Guyana ($625M), Barbados ($460M), and Suriname ($180M).

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

Comparative Advantage Spain - Trinidad and Tobago

Flow
Scale

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

During 2023, Spain had a large net trade with Trinidad and Tobago in the exports of Stone And Glass ($4.82M), Machines ($3.76M), and Foodstuffs ($2.44M).

During 2018, Trinidad and Tobago had a large net trade with Spain in the exports of Mineral Products ($257M), Chemical Products ($83.4M), and Animal and Vegetable Bi-Products ($793k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Trinidad and Tobago+$1.27MPackaged Medicaments
Top Product Potential Trinidad and Tobago Spain+$124MPetroleum Gas

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

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

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