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Pricing

2022
Flag → Flag
Exports $180MRnk 89 / 224
2022
Flag → Flag
Top Product $48.4MRefined Petroleum
2022
Flag → Flag
Exports $425MRnk 8 / 149
2022
Flag → Flag
Top Product $248MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Trinidad and Tobago Trade: In 2022, United Kingdom exported $180M to Trinidad and Tobago. The main products that United Kingdom exported to Trinidad and Tobago were Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). Over the past 5 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 3.58%, from $151M in 2017 to $180M in 2022.

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

Trinidad and Tobago-United Kingdom Trade: In 2022, Trinidad and Tobago exported $425M to United Kingdom. The main products that Trinidad and Tobago exported to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). Over the past 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 28.6%,  from $121M in 2017 to $425M in 2022.

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

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £77.7M and imported £4.45M from Trinidad and Tobago, resulting in a positive trade balance of £73.2M. Between August 2023 and August 2024 the exports of United Kingdom have increased by £69.5M (856%) from £8.13M to £77.7M, while imports increased by £627k (16.4%) from £3.82M to £4.45M.

Trade In August 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 August 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 August 2024 the exports of United Kingdom were mainly from Blyth (£67.1M), London Gateway (£5.46M), Tyne (£3.62M), London Heathrow Airport (£602k), and London Gatwick Airport (£234k), while imports destinations were mainly Manchester (£2.39M), Hull (£1.83M), London Gateway (£116k), London Heathrow Airport (£22.8k), and Liverpool (£22.4k).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Cars (£2.16M or 483%), Packaged Medicaments (£262k or 138%), and Liquid Pumps (£162k or 76.4%). In August 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 (August 2023 - August 2024)£69.5M(856%)
IMPORT GROWTH (August 2023 - August 2024)£627k(16.4%)
MAIN EXPORTER (August 2024)Blyth£67.1M

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 2022, United Kingdom exported $180M to Trinidad and Tobago. The main products exported from United Kingdom to Trinidad and Tobago were Refined Petroleum ($48.4M), Cars ($8.5M), and Reaction and Catalytic Products ($7.58M). During the last 5 years the exports of United Kingdom to Trinidad and Tobago have increased at an annualized rate of 3.58%, from $151M in 2017 to $180M in 2022.

In 2017, Trinidad and Tobago exported $425M to United Kingdom. The main products exported from Trinidad and Tobago to United Kingdom were Petroleum Gas ($248M), Crude Petroleum ($69.4M), and Acyclic Alcohols ($47.5M). During the last 5 years the exports of Trinidad and Tobago to United Kingdom have increased at an annualized rate of 28.6%, from $121M in 2022 to $425M in 2017.

Exports from United Kingdom (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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 2022, countries that imported more from United Kingdom than Trinidad and Tobago included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Trinidad and Tobago than United Kingdom included Jamaica ($430M), Guyana ($257M), and Suriname ($115M).

Difference in imports from Trinidad and Tobago (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($48.7M), Chemical Products ($33.2M), and Machines ($26.5M).

During 2017, Trinidad and Tobago had a large net trade with United Kingdom in the exports of Mineral Products ($318M), Chemical Products ($101M), and Foodstuffs ($4.15M).

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) (2022)

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