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2022
Flag → Flag
Exports $15.2kRnk 8 / 0
2022
Flag → Flag
Exports $25.6kRnk 93 / 123
2022
Flag → Flag
Top Product $25.2kHard Liquor
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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 $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 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

Iceland-Trinidad and Tobago Trade: In 2022, Iceland exported $15.2k to Trinidad and Tobago. The main products that Iceland exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.82%, from $10.4k in 2017 to $15.2k in 2022.

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

Trinidad and Tobago-Iceland Trade: In 2022, Trinidad and Tobago exported $25.6k to Iceland. The main products that Trinidad and Tobago exported to Iceland were Hard Liquor ($25.2k) and Other Edible Preparations ($399). Over the past 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 13.8%,  from $13.4k in 2017 to $25.6k in 2022.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $15.2k to Trinidad and Tobago. There were not main exports from Iceland to Trinidad and Tobago in 2022. During the last 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.82%, from $10.4k in 2017 to $15.2k in 2022.

In 2018, Trinidad and Tobago exported $25.6k to Iceland. The main products exported from Trinidad and Tobago to Iceland were Hard Liquor ($25.2k) and Other Edible Preparations ($399). During the last 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 13.8%, from $13.4k in 2023 to $25.6k in 2018.

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

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

Latest Data

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

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Iceland than Trinidad and Tobago included Netherlands ($1.97B), Germany ($771M), and Norway ($444M).

In 2023, countries that imported more from Trinidad and Tobago than Iceland included United States ($3.26B), Guyana ($625M), and Chile ($605M).

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

Comparative Advantage Iceland - Trinidad and Tobago

Flow
Scale

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

During 2022, Iceland had a large net trade with Trinidad and Tobago in the exports of .

During 2018, Trinidad and Tobago had a large net trade with Iceland in the exports of Foodstuffs ($25.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Trinidad and Tobago. This means that a dot/product with the flag of Iceland 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 Iceland.

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

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