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Pricing

2023
Flag → Flag
Exports $141MRnk 19 / 123
2023
Flag → Flag
Top Product $70.8MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $199MRnk 67 / 215
2023
Flag → Flag
Top Product $86.1MIron Ore
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 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$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Trinidad and Tobago-Canada Trade: In 2023, Trinidad and Tobago exported $141M to Canada. The main products that Trinidad and Tobago exported to Canada were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($70.8M), Nitrogenous Fertilizers ($41.2M), and Petroleum Gas ($11.5M). Over the past 5 years the exports of Trinidad and Tobago to Canada have decreased at an annualized rate of 11.3%, from $257M in 2018 to $141M in 2023.

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

Canada-Trinidad and Tobago Trade: In 2023, Canada exported $199M to Trinidad and Tobago. The main products that Canada exported to Trinidad and Tobago were Iron Ore ($86.1M), Wheat ($12.7M), and Dried Legumes ($8.06M). Over the past 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 5.73%,  from $268M in 2018 to $199M in 2023.

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 2023,  Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $141M to Canada. The main products exported from Trinidad and Tobago to Canada were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($70.8M), Nitrogenous Fertilizers ($41.2M), and Petroleum Gas ($11.5M). During the last 5 years the exports of Trinidad and Tobago to Canada have decreased at an annualized rate of 11.3%, from $257M in 2018 to $141M in 2023.

In 2018, Canada exported $199M to Trinidad and Tobago. The main products exported from Canada to Trinidad and Tobago were Iron Ore ($86.1M), Wheat ($12.7M), and Dried Legumes ($8.06M). During the last 5 years the exports of Canada to Trinidad and Tobago have decreased at an annualized rate of 5.73%, from $268M in 2023 to $199M in 2018.

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

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

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$3.26B
Canada
Top DestinationUnited States$410B

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 2023, countries that imported more from Trinidad and Tobago than Canada included Guyana ($625M), Barbados ($460M), and Croatia ($245M).

In 2023, countries that imported more from Canada than Trinidad and Tobago included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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 2023, Trinidad and Tobago had a large net trade with Canada in the exports of Chemical Products ($113M), Mineral Products ($11.5M), and Foodstuffs ($8.61M).

During 2018, Canada had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($86.6M), Vegetable Products ($30M), and Machines ($17.9M).

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) (2023)

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