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Pricing

2023
Flag → Flag
Exports $182MRnk 15 / 123
2023
Flag → Flag
Top Product $118MPetroleum Gas
2023
Flag → Flag
Exports $51.1MRnk 24 / 166
2023
Flag → Flag
Top Product $5.01MPlastic Housewares
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 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$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 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$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Trinidad and Tobago-Dominican Republic Trade: In 2023, Trinidad and Tobago exported $182M to Dominican Republic. The main products that Trinidad and Tobago exported to Dominican Republic were Petroleum Gas ($118M), Nitrogenous Fertilizers ($35.8M), and Prepared Cereals ($12M). Over the past 5 years the exports of Trinidad and Tobago to Dominican Republic have increased at an annualized rate of 0.11%, from $181M in 2018 to $182M in 2023.

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

Dominican Republic-Trinidad and Tobago Trade: In 2023, Dominican Republic exported $51.1M to Trinidad and Tobago. The main products that Dominican Republic exported to Trinidad and Tobago were Plastic Housewares ($5.01M), Raw Plastic Sheeting ($4.28M), and Bananas ($3.82M). Over the past 5 years the exports of Dominican Republic to Trinidad and Tobago have increased at an annualized rate of 6.14%,  from $37.9M in 2018 to $51.1M in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $182M to Dominican Republic. The main products exported from Trinidad and Tobago to Dominican Republic were Petroleum Gas ($118M), Nitrogenous Fertilizers ($35.8M), and Prepared Cereals ($12M). During the last 5 years the exports of Trinidad and Tobago to Dominican Republic have increased at an annualized rate of 0.11%, from $181M in 2018 to $182M in 2023.

In 2018, Dominican Republic exported $51.1M to Trinidad and Tobago. The main products exported from Dominican Republic to Trinidad and Tobago were Plastic Housewares ($5.01M), Raw Plastic Sheeting ($4.28M), and Bananas ($3.82M). During the last 5 years the exports of Dominican Republic to Trinidad and Tobago have increased at an annualized rate of 6.14%, from $37.9M in 2023 to $51.1M in 2018.

Exports from Trinidad and Tobago (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Trinidad and Tobago (Flag) (2023)

Latest Data

Trade between Trinidad and Tobago (Flag) and Dominican Republic (Flag)

Trinidad and Tobago Exports

Dominican Republic Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Trinidad and Tobago than Dominican Republic included Chile ($605M), Guyana ($625M), and Barbados ($460M).

In 2023, countries that imported more from Dominican Republic than Trinidad and Tobago included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

Difference in imports from Dominican Republic (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - Dominican Republic

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Dominican Republic in the exports of Mineral Products ($118M), Chemical Products ($39.3M), and Foodstuffs ($13.8M).

During 2018, Dominican Republic had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($16.7M), Plastics and Rubbers ($14.5M), and Vegetable Products ($7.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Dominican Republic+$5.53kPetroleum Gas
Top Product Potential Dominican Republic Trinidad and Tobago+$2.19kMedical Instruments

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

Product Space of Trinidad and Tobago (Flag) and Dominican Republic (Flag) (2023)

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