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Pricing

2023
Flag → Flag
Exports $1.36MRnk 60 / 123
2023
Flag → Flag
Top Product $726kTissue
2023
Flag → Flag
Exports $20.6MRnk 39 / 170
2023
Flag → Flag
Top Product $11MRaw Sugar
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 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$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 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$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Trinidad and Tobago-Guatemala Trade: In 2023, Trinidad and Tobago exported $1.36M to Guatemala. The main products that Trinidad and Tobago exported to Guatemala were Tissue ($726k), Amino-resins ($411k), and Petroleum Gas ($95k). Over the past 5 years the exports of Trinidad and Tobago to Guatemala have decreased at an annualized rate of 11.8%, from $2.55M in 2018 to $1.36M in 2023.

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

Guatemala-Trinidad and Tobago Trade: In 2023, Guatemala exported $20.6M to Trinidad and Tobago. The main products that Guatemala exported to Trinidad and Tobago were Raw Sugar ($11M), Refrigerators ($1.74M), and Soap ($1.47M). Over the past 5 years the exports of Guatemala to Trinidad and Tobago have decreased at an annualized rate of 6.37%,  from $28.7M in 2018 to $20.6M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $1.36M to Guatemala. The main products exported from Trinidad and Tobago to Guatemala were Tissue ($726k), Amino-resins ($411k), and Petroleum Gas ($95k). During the last 5 years the exports of Trinidad and Tobago to Guatemala have decreased at an annualized rate of 11.8%, from $2.55M in 2018 to $1.36M in 2023.

In 2018, Guatemala exported $20.6M to Trinidad and Tobago. The main products exported from Guatemala to Trinidad and Tobago were Raw Sugar ($11M), Refrigerators ($1.74M), and Soap ($1.47M). During the last 5 years the exports of Guatemala to Trinidad and Tobago have decreased at an annualized rate of 6.37%, from $28.7M in 2023 to $20.6M in 2018.

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

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

Latest Data

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

Trinidad and Tobago Exports

Guatemala Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Trinidad and Tobago than Guatemala included China ($783M), Guyana ($625M), and Barbados ($460M).

In 2023, countries that imported more from Guatemala than Trinidad and Tobago included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

Comparative Advantage Trinidad and Tobago - Guatemala

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Guatemala in the exports of Paper Goods ($748k), Plastics and Rubbers ($413k), and Mineral Products ($95k).

During 2018, Guatemala had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($12.9M), Chemical Products ($2.68M), and Machines ($1.84M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Guatemala+$1.64MNitrogenous Fertilizers
Top Product Potential Guatemala Trinidad and Tobago+$323kPlastic Lids

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

Product Space of Trinidad and Tobago (Flag) and Guatemala (Flag) (2023)

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