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2023
Flag → Flag
Exports $14.3MRnk 43 / 123
2023
Flag → Flag
Top Product $14.2MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag → Flag
Exports $322kRnk 160 / 199
2023
Flag → Flag
Top Product $88.4kPreserved Fruits and Nuts
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 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$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 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$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Trinidad and Tobago-Romania Trade: In 2023, Trinidad and Tobago exported $14.3M to Romania. The main products that Trinidad and Tobago exported to Romania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14.2M), Medical Instruments ($54.2k), and Surveying Equipment ($17.6k). Over the past 6 years the exports of Trinidad and Tobago to Romania have increased at an annualized rate of 158%, from $48.7k in 2017 to $14.3M in 2023.

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

Romania-Trinidad and Tobago Trade: In 2023, Romania exported $322k to Trinidad and Tobago. The main products that Romania exported to Trinidad and Tobago were Preserved Fruits and Nuts ($88.4k), Other Processed Fruits and Nuts ($52.6k), and Chemical Analysis Instruments ($47.2k). Over the past 6 years the exports of Romania to Trinidad and Tobago have decreased at an annualized rate of 46.2%,  from $7.16M in 2017 to $322k in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $14.3M to Romania. The main products exported from Trinidad and Tobago to Romania were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14.2M), Medical Instruments ($54.2k), and Surveying Equipment ($17.6k). During the last 6 years the exports of Trinidad and Tobago to Romania have increased at an annualized rate of 158%, from $48.7k in 2017 to $14.3M in 2023.

In 2018, Romania exported $322k to Trinidad and Tobago. The main products exported from Romania to Trinidad and Tobago were Preserved Fruits and Nuts ($88.4k), Other Processed Fruits and Nuts ($52.6k), and Chemical Analysis Instruments ($47.2k). During the last 5 years the exports of Romania to Trinidad and Tobago have decreased at an annualized rate of 46.2%, from $7.16M in 2023 to $322k in 2018.

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

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

Latest Data

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

Romania Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
Romania
Top DestinationGermany$19.9B

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

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

In 2023, countries that imported more from Romania than Trinidad and Tobago included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Trinidad and Tobago - Romania

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with Romania in the exports of Chemical Products ($14.2M), Instruments ($71.8k), and Plastics and Rubbers ($261).

During 2018, Romania had a large net trade with Trinidad and Tobago in the exports of Vegetable Products ($88.4k), Instruments ($52.7k), and Foodstuffs ($52.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Romania+$1.63MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
Top Product Potential Romania Trinidad and Tobago+$318kValves

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

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

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