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2022
Flag → Flag
Exports $82.8MRnk 117 / 220
2022
Flag → Flag
Top Product $20.5MCars
2022
Flag → Flag
Exports $369MRnk 10 / 149
2022
Flag → Flag
Top Product $275MAcyclic Alcohols
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 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 $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 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

South Korea-Trinidad and Tobago Trade: In 2022, South Korea exported $82.8M to Trinidad and Tobago. The main products that South Korea exported to Trinidad and Tobago were Cars ($20.5M), Coated Flat-Rolled Iron ($12M), and Passenger and Cargo Ships ($8.99M). Over the past 5 years the exports of South Korea to Trinidad and Tobago have decreased at an annualized rate of 11.9%, from $156M in 2017 to $82.8M in 2022.

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

Trinidad and Tobago-South Korea Trade: In 2022, Trinidad and Tobago exported $369M to South Korea. The main products that Trinidad and Tobago exported to South Korea were Acyclic Alcohols ($275M), Petroleum Gas ($82.7M), and Scrap Copper ($5.27M). Over the past 5 years the exports of Trinidad and Tobago to South Korea have increased at an annualized rate of 7.89%,  from $252M in 2017 to $369M in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78),  and 5 in total exports ($705B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $4.47M and imported $9.65M from Trinidad and Tobago, resulting in a negative trade balance of $5.18M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-909k (-16.9%) from $5.38M to $4.47M, while imports decreased by $-2.1M (-17.9%) from $11.7M to $9.65M.

Trade In September 2024, the top exports of South Korea to Trinidad and Tobago were Cars, tractors, trucks & parts thereof. ($4.23M), Tobacco & substitutes ($936k), Machinery, mechanical appliances, & parts ($280k), Electrical machinery and electronics ($145k), and Iron & steel ($135k). In September 2024 the top imports of South Korea from Trinidad and Tobago were Organic chemicals ($18.8M), Mineral fuels, mineral oils and products... ($6.19M), Beverages, spirits, & vinegar ($9k), Preparations of cereals, flour, starch or... ($0), and Tobacco & substitutes ($0).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Iron & steel ($-367k or -73.1%), Preparations of cereals, flour, starch or... ($-131k or -69.7%), and Machinery, mechanical appliances, & parts ($-120k or -30%). In September 2024, the decrease in South Korea's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in Electrical machinery and electronics ($-282k or -100%) and Iron & steel ($-74k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-909k(-16.9%)
IMPORT GROWTH (September 2023 - September 2024)$-2.1M(-17.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $82.8M to Trinidad and Tobago. The main products exported from South Korea to Trinidad and Tobago were Cars ($20.5M), Coated Flat-Rolled Iron ($12M), and Passenger and Cargo Ships ($8.99M). During the last 5 years the exports of South Korea to Trinidad and Tobago have decreased at an annualized rate of 11.9%, from $156M in 2017 to $82.8M in 2022.

In 2017, Trinidad and Tobago exported $369M to South Korea. The main products exported from Trinidad and Tobago to South Korea were Acyclic Alcohols ($275M), Petroleum Gas ($82.7M), and Scrap Copper ($5.27M). During the last 5 years the exports of Trinidad and Tobago to South Korea have increased at an annualized rate of 7.89%, from $252M in 2022 to $369M in 2017.

Exports from South Korea (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from South Korea than Trinidad and Tobago included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Trinidad and Tobago than South Korea included Jamaica ($430M), Morocco ($740M), and Guyana ($257M).

Difference in imports from Trinidad and Tobago (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Trinidad and Tobago

Flow
Scale

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

During 2022, South Korea had a large net trade with Trinidad and Tobago in the exports of Transportation ($39.7M), Metals ($13.7M), and Machines ($12M).

During 2017, Trinidad and Tobago had a large net trade with South Korea in the exports of Chemical Products ($277M), Mineral Products ($82.9M), and Metals ($6.99M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Trinidad and Tobago+$8.08MCars
Top Product Potential Trinidad and Tobago South Korea+$83.7MPetroleum 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 South Korea and Trinidad and Tobago. This means that a dot/product with the flag of South Korea 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 South Korea.

Product Space of South Korea (Flag) and Trinidad and Tobago (Flag) (2022)

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