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Pricing

2022
Flag → Flag
Exports $18.4kRnk 118 / 149
2022
Flag → Flag
Top Product $8.12kOther Iron Products
2022
Flag → Flag
Exports $247kRnk 83 / 146
2022
Flag → Flag
Top Product $75.3kMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Trinidad and Tobago-Bolivia Trade: In 2022, Trinidad and Tobago exported $18.4k to Bolivia. The main products that Trinidad and Tobago exported to Bolivia were Other Iron Products ($8.12k), Acyclic Alcohols ($6.07k), and Interchangeable Tool Parts ($1.94k). Over the past 5 years the exports of Trinidad and Tobago to Bolivia have decreased at an annualized rate of 52.6%, from $772k in 2017 to $18.4k in 2022.

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

Bolivia-Trinidad and Tobago Trade: In 2022, Bolivia exported $247k to Trinidad and Tobago. The main products that Bolivia exported to Trinidad and Tobago were Machinery Having Individual Functions ($75.3k), Coconuts, Brazil Nuts, and Cashews ($71.4k), and Excavation Machinery ($36.8k). Over the past 5 years the exports of Bolivia to Trinidad and Tobago have increased at an annualized rate of 35.8%,  from $53.3k in 2017 to $247k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $18.4k to Bolivia. The main products exported from Trinidad and Tobago to Bolivia were Other Iron Products ($8.12k), Acyclic Alcohols ($6.07k), and Interchangeable Tool Parts ($1.94k). During the last 5 years the exports of Trinidad and Tobago to Bolivia have decreased at an annualized rate of 52.6%, from $772k in 2017 to $18.4k in 2022.

In 2017, Bolivia exported $247k to Trinidad and Tobago. The main products exported from Bolivia to Trinidad and Tobago were Machinery Having Individual Functions ($75.3k), Coconuts, Brazil Nuts, and Cashews ($71.4k), and Excavation Machinery ($36.8k). During the last 5 years the exports of Bolivia to Trinidad and Tobago have increased at an annualized rate of 35.8%, from $53.3k in 2022 to $247k in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Date

Bolivia Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Trinidad and Tobago than Bolivia included United States ($4.91B), Morocco ($740M), and Belgium ($894M).

In 2022, countries that imported more from Bolivia than Trinidad and Tobago included India ($2.27B), Argentina ($1.76B), and Brazil ($1.89B).

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

Comparative Advantage Trinidad and Tobago - Bolivia

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Bolivia in the exports of Metals ($10.1k), Chemical Products ($6.07k), and Machines ($2.21k).

During 2017, Bolivia had a large net trade with Trinidad and Tobago in the exports of Machines ($146k), Vegetable Products ($71.7k), and Metals ($19.8k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Bolivia+$27.4kAcyclic Alcohols
Top Product Potential Bolivia Trinidad and Tobago+$42.7kExcavation Machinery

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

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

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