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2023
Flag → Flag
Exports $130MRnk 102 / 223
2023
Flag → Flag
Top Product $19.6MCars
2023
Flag → Flag
Exports $347MRnk 11 / 123
2023
Flag → Flag
Top Product $265MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 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

United Kingdom-Trinidad and Tobago Trade: In 2023, United Kingdom exported $130M to Trinidad and Tobago. The main products that United Kingdom exported to Trinidad and Tobago were Cars ($19.6M), Valves ($6.95M), and Reaction and Catalytic Products ($6.33M). Over the past 5 years the exports of United Kingdom to Trinidad and Tobago have decreased at an annualized rate of 6.2%, from $180M in 2018 to $130M in 2023.

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

Trinidad and Tobago-United Kingdom Trade: In 2023, Trinidad and Tobago exported $347M to United Kingdom. The main products that Trinidad and Tobago exported to United Kingdom were Petroleum Gas ($265M), Ammonia ($51.3M), and Nitrogenous Fertilizers ($23.8M). Over the past 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 6.94%,  from $203M in 2018 to $347M in 2023.

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

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £6.05M and imported £73.7M from Trinidad and Tobago, resulting in a negative trade balance of £67.7M. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-3.32M (-35.4%) from £9.38M to £6.05M, while imports increased by £9.25M (14.3%) from £64.5M to £73.7M.

Trade In November 2024, the top exports of United Kingdom to Trinidad and Tobago were Cars (£2.61M), Valves (£536k), Packaged Medicaments (£452k), Liquid Pumps (£375k), and Motor vehicles; parts and accessories (8701... (£218k). In November 2024 the top imports of United Kingdom from Trinidad and Tobago were Commodities not elsewhere specified (£1.17M), Other Engines (£292k), X-Ray Equipment (£232k), Sauces and Seasonings (£171k), and Hard Liquor (£155k).

Origins In November 2024 the exports of United Kingdom were mainly from London Gateway (£4.16M), London Heathrow Airport (£498k), Hull (£408k), East Midlands Airport (£208k), and Felixstowe (£50.7k), while imports destinations were mainly Milford (£68.1M), Manchester (£2.53M), Hull (£1.92M), Aberdeen Airport (£568k), and Grangemouth (£364k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Reaction and Catalytic Products (£-4.17M or -100%), Gas and Liquid Flow Measuring Instruments (£-704k or -96.4%), and Stranded Iron Wire (£-321k or -99.6%). In November 2024, the increase in United Kingdom's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Other Engines (£286k or 4.97k%), Flavored Water (£91k or 4.96k%), and Valves (£6.7k or 97.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-3.32M(-35.4%)
IMPORT GROWTH (November 2023 - November 2024)£9.25M(14.3%)
MAIN EXPORTER (November 2024)London Gateway£4.16M

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

To check Trinidad and Tobago and United Kingdom 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, United Kingdom exported $130M to Trinidad and Tobago. The main products exported from United Kingdom to Trinidad and Tobago were Cars ($19.6M), Valves ($6.95M), and Reaction and Catalytic Products ($6.33M). During the last 5 years the exports of United Kingdom to Trinidad and Tobago have decreased at an annualized rate of 6.2%, from $180M in 2018 to $130M in 2023.

In 2018, Trinidad and Tobago exported $347M to United Kingdom. The main products exported from Trinidad and Tobago to United Kingdom were Petroleum Gas ($265M), Ammonia ($51.3M), and Nitrogenous Fertilizers ($23.8M). During the last 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 6.94%, from $203M in 2023 to $347M in 2018.

Exports from United Kingdom (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from United Kingdom than Trinidad and Tobago included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

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

Difference in imports from Trinidad and Tobago (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Trinidad and Tobago

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Trinidad and Tobago in the exports of Machines ($30.3M), Transportation ($27.1M), and Chemical Products ($24.3M).

During 2018, Trinidad and Tobago had a large net trade with United Kingdom in the exports of Mineral Products ($265M), Chemical Products ($76.1M), and Foodstuffs ($4.02M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Trinidad and Tobago+$12.5MRefined Petroleum
Top Product Potential Trinidad and Tobago United Kingdom+$190MPetroleum 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 United Kingdom and Trinidad and Tobago. This means that a dot/product with the flag of United Kingdom 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 United Kingdom.

Product Space of United Kingdom (Flag) and Trinidad and Tobago (Flag) (2023)

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