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2023
Flag → Flag
Exports $1.62MRnk 160 / 211
2023
Flag → Flag
Top Product $429kUncoated Paper
2023
Flag → Flag
Exports $130MRnk 22 / 123
2023
Flag → Flag
Top Product $98.6MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 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

Portugal-Trinidad and Tobago Trade: In 2023, Portugal exported $1.62M to Trinidad and Tobago. The main products that Portugal exported to Trinidad and Tobago were Uncoated Paper ($429k), Other Edible Preparations ($269k), and Electrical Control Boards ($141k). Over the past 5 years the exports of Portugal to Trinidad and Tobago have decreased at an annualized rate of 15.5%, from $3.76M in 2018 to $1.62M in 2023.

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

Trinidad and Tobago-Portugal Trade: In 2023, Trinidad and Tobago exported $130M to Portugal. The main products that Trinidad and Tobago exported to Portugal were Petroleum Gas ($98.6M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($30.9M), and Metalworking Machine Parts ($606). Over the past 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 15.8%,  from $62.2M in 2018 to $130M in 2023.

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

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €422k and imported €3.55M from Trinidad and Tobago, resulting in a negative trade balance of €3.13M. Between December 2023 and December 2024 the exports of Portugal have increased by €247k (141%) from €175k to €422k, while imports decreased by €-29.8M (-89.4%) from €33.4M to €3.55M.

Trade In December 2024, the top exports of Portugal to Trinidad and Tobago were Iron/Steel Articles (€225k), Paper articles (€45.4k), Beverages, spirits, & vinegar (€26.9k), Machinery, mechanical appliances, & parts (€14.3k), and Iron & steel (€5.11k). In December 2024 the top imports of Portugal from Trinidad and Tobago were Organic chemicals (€2.04M), Optical, photo, & film equipment; medical... (€1.03k), Perfumery & cosmetics (€310), Live animals (€0), and Meat & edible offal (€0).

Growth In December 2024, the increase in Portugal's year-by-year exports to Trinidad and Tobago was explained primarily by an increase in product exports in Iron/Steel Articles (€221k or 5.72k%), Paper articles (€45.4k or 1.13M%), and Knitted clothing accesories (€1.14k or 205%). In December 2024, the decrease in Portugal's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in Organic chemicals (€-59.9k or -2.85%), Knitted clothing accesories (€-42 or -100%), and Leather articles (€-14 or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€247k(141%)
IMPORT GROWTH (December 2023 - December 2024)€-29.8M(-89.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Trinidad and Tobago and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $1.62M to Trinidad and Tobago. The main products exported from Portugal to Trinidad and Tobago were Uncoated Paper ($429k), Other Edible Preparations ($269k), and Electrical Control Boards ($141k). During the last 5 years the exports of Portugal to Trinidad and Tobago have decreased at an annualized rate of 15.5%, from $3.76M in 2018 to $1.62M in 2023.

In 2018, Trinidad and Tobago exported $130M to Portugal. The main products exported from Trinidad and Tobago to Portugal were Petroleum Gas ($98.6M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($30.9M), and Metalworking Machine Parts ($606). During the last 5 years the exports of Trinidad and Tobago to Portugal have increased at an annualized rate of 15.8%, from $62.2M in 2023 to $130M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

In 2023, countries that imported more from Portugal than Trinidad and Tobago included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Trinidad and Tobago than Portugal included Guyana ($625M), Chile ($605M), and Barbados ($460M).

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

Comparative Advantage Portugal - Trinidad and Tobago

Flow
Scale

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

During 2023, Portugal had a large net trade with Trinidad and Tobago in the exports of Paper Goods ($433k), Foodstuffs ($379k), and Machines ($310k).

During 2018, Trinidad and Tobago had a large net trade with Portugal in the exports of Mineral Products ($98.6M), Chemical Products ($30.9M), and Machines ($606).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Trinidad and Tobago+$170kUncoated Paper
Top Product Potential Trinidad and Tobago Portugal+$18.4kCentrifuges

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

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

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