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Pricing

2022
Flag → Flag
Exports $14.8kRnk 138 / 160
2022
Flag → Flag
Top Product $8.29kProcessed Fish
2022
Flag → Flag
Exports $20.6kRnk 116 / 149
2022
Flag → Flag
Top Product $20.5kHard Liquor
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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 $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 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

Iceland-Trinidad and Tobago Trade: In 2022, Iceland exported $14.8k to Trinidad and Tobago. The main products that Iceland exported to Trinidad and Tobago were Processed Fish ($8.29k), Other Inorganic Acids ($4.69k), and Surveying Equipment ($1.78k). Over the past 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.38%, from $10.3k in 2017 to $14.8k 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 $20.6k to Iceland. The main products that Trinidad and Tobago exported to Iceland were Hard Liquor ($20.5k) and Sauces and Seasonings ($54). Over the past 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 21%,  from $7.93k in 2017 to $20.6k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $14.8k to Trinidad and Tobago. The main products exported from Iceland to Trinidad and Tobago were Processed Fish ($8.29k), Other Inorganic Acids ($4.69k), and Surveying Equipment ($1.78k). During the last 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.38%, from $10.3k in 2017 to $14.8k in 2022.

In 2017, Trinidad and Tobago exported $20.6k to Iceland. The main products exported from Trinidad and Tobago to Iceland were Hard Liquor ($20.5k) and Sauces and Seasonings ($54). During the last 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 21%, from $7.93k in 2022 to $20.6k in 2017.

Exports from Iceland (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Iceland (Flag) (2022)

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$4.91B

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 2022, countries that imported more from Iceland than Trinidad and Tobago included Netherlands ($1.97B), Norway ($459M), and Poland ($367M).

In 2022, countries that imported more from Trinidad and Tobago than Iceland included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Iceland (Flag) (2022)

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 Foodstuffs ($8.29k), Chemical Products ($4.69k), and Instruments ($1.78k).

During 2017, Trinidad and Tobago had a large net trade with Iceland in the exports of Foodstuffs ($20.6k).

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) (2022)

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