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2023
Flag → Flag
Exports $396MRnk 8 / 123
2023
Flag → Flag
Top Product $136MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $149MRnk 95 / 220
2023
Flag → Flag
Top Product $113MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
Flag
GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Trinidad and Tobago-Belgium Trade: In 2023, Trinidad and Tobago exported $396M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($136M), Ammonia ($134M), and Crude Petroleum ($62.6M). Over the past 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 6.99%, from $282M in 2018 to $396M in 2023.

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

Belgium-Trinidad and Tobago Trade: In 2023, Belgium exported $149M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago were Refined Petroleum ($113M), Other Frozen Vegetables ($6.85M), and Cars ($4.29M). Over the past 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 18.2%,  from $64.4M in 2018 to $149M in 2023.

In 2023, Belgium 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, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $396M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($136M), Ammonia ($134M), and Crude Petroleum ($62.6M). During the last 5 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 6.99%, from $282M in 2018 to $396M in 2023.

In 2018, Belgium exported $149M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Refined Petroleum ($113M), Other Frozen Vegetables ($6.85M), and Cars ($4.29M). During the last 5 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 18.2%, from $64.4M in 2023 to $149M in 2018.

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

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

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$3.26B
Belgium
Top DestinationFrance$85.6B

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 2023, countries that imported more from Trinidad and Tobago than Belgium included Guyana ($625M), Barbados ($460M), and Jamaica ($227M).

In 2023, countries that imported more from Belgium than Trinidad and Tobago included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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 2023, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($276M), Mineral Products ($119M), and Metals ($830k).

During 2018, Belgium had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($113M), Foodstuffs ($12M), and Machines ($5.3M).

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) (2023)

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