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2022
Flag → Flag
Exports $534MRnk 80 / 221
2022
Flag → Flag
Top Product $457MRefined Petroleum
2022
Flag → Flag
Exports $233MRnk 15 / 149
2022
Flag → Flag
Top Product $207MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
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GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
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GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Italy-Trinidad and Tobago Trade: In 2022, Italy exported $534M to Trinidad and Tobago. The main products that Italy exported to Trinidad and Tobago were Refined Petroleum ($457M), Passenger and Cargo Ships ($10.1M), and Packaged Medicaments ($6.47M). Over the past 5 years the exports of Italy to Trinidad and Tobago have increased at an annualized rate of 27.4%, from $159M in 2017 to $534M in 2022.

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

Trinidad and Tobago-Italy Trade: In 2022, Trinidad and Tobago exported $233M to Italy. The main products that Trinidad and Tobago exported to Italy were Petroleum Gas ($207M), Acyclic Alcohols ($18.9M), and Nitrogen Heterocyclic Compounds ($5.78M). Over the past 5 years the exports of Trinidad and Tobago to Italy have increased at an annualized rate of 8.31%,  from $82.5M in 2017 to $233M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Trinidad and Tobago, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Trinidad and Tobago were . In N/A the top imports of Italy from Trinidad and Tobago were .

Growth In N/A, the N/A in Italy's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth

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

To check Trinidad and Tobago and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $534M to Trinidad and Tobago. The main products exported from Italy to Trinidad and Tobago were Refined Petroleum ($457M), Passenger and Cargo Ships ($10.1M), and Packaged Medicaments ($6.47M). During the last 5 years the exports of Italy to Trinidad and Tobago have increased at an annualized rate of 27.4%, from $159M in 2017 to $534M in 2022.

In 2017, Trinidad and Tobago exported $233M to Italy. The main products exported from Trinidad and Tobago to Italy were Petroleum Gas ($207M), Acyclic Alcohols ($18.9M), and Nitrogen Heterocyclic Compounds ($5.78M). During the last 5 years the exports of Trinidad and Tobago to Italy have increased at an annualized rate of 8.31%, from $82.5M in 2022 to $233M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Italy than Trinidad and Tobago included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Trinidad and Tobago than Italy included Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

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

Comparative Advantage Italy - Trinidad and Tobago

Flow
Scale

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

During 2022, Italy had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($457M), Machines ($26.7M), and Transportation ($12.2M).

During 2017, Trinidad and Tobago had a large net trade with Italy in the exports of Mineral Products ($207M), Chemical Products ($24.7M), and Machines ($561k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Trinidad and Tobago+$1.43MValves
Top Product Potential Trinidad and Tobago Italy+$151MPetroleum 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 Italy and Trinidad and Tobago. This means that a dot/product with the flag of Italy 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 Italy.

Product Space of Italy (Flag) and Trinidad and Tobago (Flag) (2022)

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