Trinidad and Tobago (TTO) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Armenia Trade: In 2023, Trinidad and Tobago exported $148 to Armenia. The main products that Trinidad and Tobago exported to Armenia were Hard Liquor ($148). Over the past 5 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 57.2%, from $10.3k in 2018 to $148 in 2023.

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

Armenia-Trinidad and Tobago Trade: In 2023, Armenia exported $1.53k to Trinidad and Tobago. The main products that Armenia exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Armenia to Trinidad and Tobago have increased at an annualized rate of 2.43%, from $1.36k in 2018 to $1.53k in 2023.

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

Comparison In 2023, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Trinidad and Tobago exported $148 to Armenia. The main products exported from Trinidad and Tobago to Armenia were Hard Liquor ($148). During the last 5 years the exports of Trinidad and Tobago to Armenia have decreased at an annualized rate of 57.2%, from $10.3k in 2018 to $148 in 2023.

In 2017, Armenia exported $1.53k to Trinidad and Tobago. There were not main exports from Armenia to Trinidad and Tobago in 2017. During the last 5 years the exports of Armenia to Trinidad and Tobago have increased at an annualized rate of 2.43%, from $1.36k in 2022 to $1.53k in 2017.

Exports from Trinidad and Tobago () to Armenia () (2023)

Exports from Armenia () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$3.26B

Armenia
Top DestinationRussia$3.38B

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

In 2023, countries that imported more from Trinidad and Tobago than Armenia included United States ($3.26B), Guyana ($625M), and Chile ($605M).

In 2023, countries that imported more from Armenia than Trinidad and Tobago included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

Difference in imports from Armenia () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Trinidad and Tobago had a large net trade with Armenia in the exports of Foodstuffs ($148).

During 2017, Armenia had a large net trade with Trinidad and Tobago in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Armenia+$5.39kHard Liquor

Top Product Potential Armenia Trinidad and Tobago+$1.86kCars

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

Year

This visualization shows the product space at the HS4 level with the flags of Trinidad and Tobago and Armenia. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Trinidad and Tobago.

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Armenia () (2023)

Exports from Armenia () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Armenia () (2023)

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