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2023
Flag → Flag
Exports $2.13MRnk 150 / 206
2023
Flag → Flag
Top Product $484kKaolin Coated Paper
2023
Flag → Flag
Exports $11MRnk 44 / 123
2023
Flag → Flag
Top Product $10.7MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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GDP PC $52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195
2023
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GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
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GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Finland-Trinidad and Tobago Trade: In 2023, Finland exported $2.13M to Trinidad and Tobago. The main products that Finland exported to Trinidad and Tobago were Kaolin Coated Paper ($484k), Iron Structures ($373k), and Sawn Wood ($311k). Over the past 5 years the exports of Finland to Trinidad and Tobago have decreased at an annualized rate of 4.76%, from $2.71M in 2018 to $2.13M in 2023.

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

Trinidad and Tobago-Finland Trade: In 2023, Trinidad and Tobago exported $11M to Finland. The main products that Trinidad and Tobago exported to Finland were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($10.7M), Hard Liquor ($199k), and Iron Pipe Fittings ($58.8k). Over the past 5 years the exports of Trinidad and Tobago to Finland have decreased at an annualized rate of 16.2%,  from $26.5M in 2018 to $11M in 2023.

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

Comparison In 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46),  and 45 in total exports ($84.3B). 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, Finland exported $2.13M to Trinidad and Tobago. The main products exported from Finland to Trinidad and Tobago were Kaolin Coated Paper ($484k), Iron Structures ($373k), and Sawn Wood ($311k). During the last 5 years the exports of Finland to Trinidad and Tobago have decreased at an annualized rate of 4.76%, from $2.71M in 2018 to $2.13M in 2023.

In 2018, Trinidad and Tobago exported $11M to Finland. The main products exported from Trinidad and Tobago to Finland were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($10.7M), Hard Liquor ($199k), and Iron Pipe Fittings ($58.8k). During the last 5 years the exports of Trinidad and Tobago to Finland have decreased at an annualized rate of 16.2%, from $26.5M in 2023 to $11M in 2018.

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

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

Latest Data

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

Finland Exports

Market Competitiveness

Color
Finland
Top DestinationUnited States$9.68B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Finland than Trinidad and Tobago included Germany ($9.26B), Sweden ($8.13B), and United States ($9.68B).

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

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

Comparative Advantage Finland - Trinidad and Tobago

Flow
Scale

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

During 2023, Finland had a large net trade with Trinidad and Tobago in the exports of Machines ($805k), Paper Goods ($516k), and Metals ($401k).

During 2018, Trinidad and Tobago had a large net trade with Finland in the exports of Chemical Products ($10.7M), Foodstuffs ($199k), and Metals ($58.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Trinidad and Tobago+$298kSawn Wood
Top Product Potential Trinidad and Tobago Finland+$1.43MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)

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

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

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