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Pricing

2021
Flag → Flag
Exports $642Rnk 138 / 0
2021
Flag → Flag
Exports $91.8kRnk 80 / 125
2021
Flag → Flag
Top Product $88.9kOptical Fibers and optical fibre bundles
2022
Flag
Economic Complexity (ECI) ECI -0.79Rnk 100 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP GROWTH54.3%CURRENT US$
Rnk 52 / 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$2,088CURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 59 / 186

About

Trinidad and Tobago-Laos Trade: In 2021, Trinidad and Tobago exported $642 to Laos. The main products that Trinidad and Tobago exported to Laos were N/A. Over the past 6 years the exports of Trinidad and Tobago to Laos have decreased at an annualized rate of 58.2%, from $121k in 2015 to $642 in 2021.

In 2021, Trinidad and Tobago did not export any services to Laos.

Laos-Trinidad and Tobago Trade: In 2021, Laos exported $91.8k to Trinidad and Tobago. The main products that Laos exported to Trinidad and Tobago were Optical Fibers and optical fibre bundles ($88.9k) and Telephones ($2.88k). Over the past 6 years the exports of Laos to Trinidad and Tobago have increased at an annualized rate of 2.18%,  from $82.4k in 2015 to $91.8k in 2021.

In 2021, Laos 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, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Trinidad and Tobago exported $642 to Laos. There were not main exports from Trinidad and Tobago to Laos in 2021. During the last 6 years the exports of Trinidad and Tobago to Laos have decreased at an annualized rate of 58.2%, from $121k in 2015 to $642 in 2021.

In 2017, Laos exported $91.8k to Trinidad and Tobago. The main products exported from Laos to Trinidad and Tobago were Optical Fibers and optical fibre bundles ($88.9k) and Telephones ($2.88k). During the last 5 years the exports of Laos to Trinidad and Tobago have increased at an annualized rate of 2.18%, from $82.4k in 2022 to $91.8k in 2017.

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

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

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Laos
Top DestinationThailand$3.29B

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

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

In 2022, countries that imported more from Laos than Trinidad and Tobago included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).

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

Comparative Advantage Trinidad and Tobago - Laos

Flow
Scale

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

During 2021, Trinidad and Tobago had a large net trade with Laos in the exports of .

During 2017, Laos had a large net trade with Trinidad and Tobago in the exports of Instruments ($88.9k) and Machines ($2.88k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Laos+$2.23kPetroleum Gas
Top Product Potential Laos Trinidad and Tobago+$1.99kIron Ore

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

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

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