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2023
Flag → Flag
Exports $17.7MRnk 71 / 177
2023
Flag → Flag
Top Product $7.41MRaw Plastic Sheeting
2023
Flag → Flag
Exports $98.9MRnk 26 / 123
2023
Flag → Flag
Top Product $98MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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GDP PC $7,907CURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195
2023
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GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
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GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Peru-Trinidad and Tobago Trade: In 2023, Peru exported $17.7M to Trinidad and Tobago. The main products that Peru exported to Trinidad and Tobago were Raw Plastic Sheeting ($7.41M), Plastic Lids ($3.91M), and Concentrated Milk ($1.1M). Over the past 5 years the exports of Peru to Trinidad and Tobago have decreased at an annualized rate of 8.85%, from $28.1M in 2018 to $17.7M in 2023.

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

Trinidad and Tobago-Peru Trade: In 2023, Trinidad and Tobago exported $98.9M to Peru. The main products that Trinidad and Tobago exported to Peru were Crude Petroleum ($98M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($754k), and Hard Liquor ($96.7k). Over the past 5 years the exports of Trinidad and Tobago to Peru have decreased at an annualized rate of 27.3%,  from $488M in 2018 to $98.9M in 2023.

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

Comparison In 2023,  Peru ranked 90 in the Economic Complexity Index (ECI -0.61),  and 51 in total exports ($66.6B). 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, Peru exported $17.7M to Trinidad and Tobago. The main products exported from Peru to Trinidad and Tobago were Raw Plastic Sheeting ($7.41M), Plastic Lids ($3.91M), and Concentrated Milk ($1.1M). During the last 5 years the exports of Peru to Trinidad and Tobago have decreased at an annualized rate of 8.85%, from $28.1M in 2018 to $17.7M in 2023.

In 2018, Trinidad and Tobago exported $98.9M to Peru. The main products exported from Trinidad and Tobago to Peru were Crude Petroleum ($98M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($754k), and Hard Liquor ($96.7k). During the last 5 years the exports of Trinidad and Tobago to Peru have decreased at an annualized rate of 27.3%, from $488M in 2023 to $98.9M in 2018.

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

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

Latest Data

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

Peru Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Peru
Top DestinationChina$22.5B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Peru than Trinidad and Tobago included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Trinidad and Tobago than Peru included Guyana ($625M), Barbados ($460M), and Morocco ($377M).

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

Comparative Advantage Peru - Trinidad and Tobago

Flow
Scale

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

During 2023, Peru had a large net trade with Trinidad and Tobago in the exports of Plastics and Rubbers ($11.4M), Animal Products ($1.79M), and Metals ($905k).

During 2018, Trinidad and Tobago had a large net trade with Peru in the exports of Mineral Products ($98M), Chemical Products ($754k), and Foodstuffs ($96.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Peru Trinidad and Tobago+$192kOther Processed Vegetables
Top Product Potential Trinidad and Tobago Peru+$4.49MNitrogenous Fertilizers

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 Peru and Trinidad and Tobago. This means that a dot/product with the flag of Peru 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 Peru.

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

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