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2022
Flag → Flag
Exports $189MRnk 20 / 149
2022
Flag → Flag
Top Product $90.9MAcyclic Alcohols
2022
Flag → Flag
Exports $244MRnk 60 / 215
2022
Flag → Flag
Top Product $119MIron Ore
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Trinidad and Tobago-Canada Trade: In 2022, Trinidad and Tobago exported $189M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). Over the past 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 12.4%, from $106M in 2017 to $189M in 2022.

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

Canada-Trinidad and Tobago Trade: In 2022, Canada exported $244M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). Over the past 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 1.93%,  from $334M in 2017 to $244M in 2022.

In 2020, Canada exported services to Trinidad and Tobago worth $42.5M, with Travel ($19.4M), Financial services ($14.2M), and Royalties and license fees ($5.97M) being the largest in terms of value.

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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $189M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic Alcohols ($90.9M), Petroleum Gas ($40.8M), and Nitrogenous Fertilizers ($40.1M). During the last 5 years the exports of Trinidad and Tobago to Canada have increased at an annualized rate of 12.4%, from $106M in 2017 to $189M in 2022.

In 2017, Canada exported $244M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($119M), Dried Legumes ($7.94M), and Other Uncoated Paper ($6.99M). During the last 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 1.93%, from $334M in 2022 to $244M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Canada Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Trinidad and Tobago than Canada included Jamaica ($430M), Guyana ($257M), and Morocco ($740M).

In 2022, countries that imported more from Canada than Trinidad and Tobago included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Trinidad and Tobago - Canada

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($135M), Mineral Products ($40.8M), and Foodstuffs ($5.06M).

During 2017, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Animal Products ($21.6M), and Machines ($19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Canada+$41.7MPetroleum Gas
Top Product Potential Canada Trinidad and Tobago+$1.98MPackaged Medicaments

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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Bilateral Service Trade

In 2020, Canada exported services to Trinidad and Tobago worth $42.5M, with Travel ($19.4M), Financial services ($14.2M), and Royalties and license fees ($5.97M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Trinidad and Tobago (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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