Trinidad and Tobago (TTO) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Mexico Trade: In 2023, Trinidad and Tobago exported $107M to Mexico. The main products that Trinidad and Tobago exported to Mexico were Ammonia ($107M) and Other Plastic Products ($205). Over the past 5 years the exports of Trinidad and Tobago to Mexico have decreased at an annualized rate of 35.2%, from $935M in 2018 to $107M in 2023.

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

Mexico-Trinidad and Tobago Trade: In 2023, Mexico exported $4.31M to Trinidad and Tobago. The main products that Mexico exported to Trinidad and Tobago were Refrigerators ($854k), Plastic Lids ($687k), and Paper Containers ($474k). Over the past 5 years the exports of Mexico to Trinidad and Tobago have decreased at an annualized rate of 52.3%, from $175M in 2018 to $4.31M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Trinidad and Tobago exported $107M to Mexico. The main products exported from Trinidad and Tobago to Mexico were Ammonia ($107M) and Other Plastic Products ($205). During the last 5 years the exports of Trinidad and Tobago to Mexico have decreased at an annualized rate of 35.2%, from $935M in 2018 to $107M in 2023.

In 2018, Mexico exported $4.31M to Trinidad and Tobago. The main products exported from Mexico to Trinidad and Tobago were Refrigerators ($854k), Plastic Lids ($687k), and Paper Containers ($474k). During the last 5 years the exports of Mexico to Trinidad and Tobago have decreased at an annualized rate of 52.3%, from $175M in 2023 to $4.31M in 2018.

Exports from Trinidad and Tobago () to Mexico () (2023)

Exports from Mexico () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Mexico ()

Trinidad and Tobago Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$3.26B

Mexico
Top DestinationUnited States$456B

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

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

In 2023, countries that imported more from Mexico than Trinidad and Tobago included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Trinidad and Tobago had a large net trade with Mexico in the exports of Chemical Products ($107M) and Plastics and Rubbers ($205).

During 2018, Mexico had a large net trade with Trinidad and Tobago in the exports of Machines ($1.67M), Plastics and Rubbers ($805k), and Paper Goods ($562k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Mexico+$13.6MNitrogenous Fertilizers

Top Product Potential Mexico Trinidad and Tobago+$1.69MRefrigerators

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Trinidad and Tobago () to Mexico () (2023)

Exports from Mexico () to Trinidad and Tobago () (2023)

Latest Data

Trade between Trinidad and Tobago () and Mexico ()

Trinidad and Tobago Exports

Mexico Exports

Market Competitiveness

Difference in imports from Mexico () and Trinidad and Tobago () (2023)

Comparative Advantage Trinidad and Tobago - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Trinidad and Tobago () and Mexico () (2023)

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