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Pricing

2023
Flag → Flag
Exports $8.3MRnk 113 / 201
2023
Flag → Flag
Top Product $5.46MCars
2023
Flag → Flag
Exports $41Rnk 121 / 123
2023
Flag → Flag
Top Product $34Natural Polymers
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 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 $22,142CURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 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

Hungary-Trinidad and Tobago Trade: In 2023, Hungary exported $8.3M to Trinidad and Tobago. The main products that Hungary exported to Trinidad and Tobago were Cars ($5.46M), Plastic Lids ($1.33M), and Rubber Pipes ($615k). Over the past 5 years the exports of Hungary to Trinidad and Tobago have decreased at an annualized rate of 21.5%, from $27.8M in 2018 to $8.3M in 2023.

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

Trinidad and Tobago-Hungary Trade: In 2023, Trinidad and Tobago exported $41 to Hungary. The main products that Trinidad and Tobago exported to Hungary were Natural Polymers ($34), Plastic Lids ($5), and Brochures ($1). Over the past 5 years the exports of Trinidad and Tobago to Hungary have decreased at an annualized rate of 69.4%,  from $15.3k in 2018 to $41 in 2023.

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

Comparison In 2023,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.41),  and 35 in total exports ($150B). 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, Hungary exported $8.3M to Trinidad and Tobago. The main products exported from Hungary to Trinidad and Tobago were Cars ($5.46M), Plastic Lids ($1.33M), and Rubber Pipes ($615k). During the last 5 years the exports of Hungary to Trinidad and Tobago have decreased at an annualized rate of 21.5%, from $27.8M in 2018 to $8.3M in 2023.

In 2018, Trinidad and Tobago exported $41 to Hungary. The main products exported from Trinidad and Tobago to Hungary were Natural Polymers ($34), Plastic Lids ($5), and Brochures ($1). During the last 5 years the exports of Trinidad and Tobago to Hungary have decreased at an annualized rate of 69.4%, from $15.3k in 2023 to $41 in 2018.

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

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

Latest Data

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

Hungary Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$37.4B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Hungary than Trinidad and Tobago included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

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

Comparative Advantage Hungary - Trinidad and Tobago

Flow
Scale

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

During 2023, Hungary had a large net trade with Trinidad and Tobago in the exports of Transportation ($5.53M), Plastics and Rubbers ($2.53M), and Mineral Products ($101k).

During 2018, Trinidad and Tobago had a large net trade with Hungary in the exports of Plastics and Rubbers ($39) and Paper Goods ($2).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hungary Trinidad and Tobago+$3.29MCars
Top Product Potential Trinidad and Tobago Hungary+$6.83kPetroleum 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 Hungary and Trinidad and Tobago. This means that a dot/product with the flag of Hungary 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 Hungary.

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

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