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2022
Flag → Flag
Exports $894MRnk 2 / 149
2022
Flag → Flag
Top Product $507MAmmonia
2022
Flag → Flag
Exports $173MRnk 91 / 222
2022
Flag → Flag
Top Product $120MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Trinidad and Tobago-Belgium Trade: In 2022, Trinidad and Tobago exported $894M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). Over the past 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 43.7%, from $146M in 2017 to $894M in 2022.

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

Belgium-Trinidad and Tobago Trade: In 2022, Belgium exported $173M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago were Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). Over the past 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 10.2%,  from $53.9M in 2017 to $173M in 2022.

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

Comparison In 2022,  Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $894M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). During the last 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 43.7%, from $146M in 2017 to $894M in 2022.

In 2017, Belgium exported $173M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). During the last 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 10.2%, from $53.9M in 2022 to $173M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Belgium Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Trinidad and Tobago included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Trinidad and Tobago - Belgium

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($777M), Mineral Products ($109M), and Metals ($8.5M).

During 2017, Belgium had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Metals ($21.2M), and Foodstuffs ($10.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Belgium+$26.5MCrude Petroleum
Top Product Potential Belgium Trinidad and Tobago+$3.99MRefined Petroleum

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 Trinidad and Tobago and Belgium. This means that a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Trinidad and Tobago.

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

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