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2021
Flag → Flag
Exports $1.36MRnk 121 / 0
2021
Flag → Flag
Exports $1.22MRnk 123 / 138
2021
Flag → Flag
Top Product $222kPetroleum Coke
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Trinidad and Tobago-Russia Trade: In 2021, Trinidad and Tobago exported $1.36M to Russia. The main products that Trinidad and Tobago exported to Russia were N/A. Over the past 5 years the exports of Trinidad and Tobago to Russia have increased at an annualized rate of 23.2%, from $480k in 2016 to $1.36M in 2021.

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

Russia-Trinidad and Tobago Trade: In 2021, Russia exported $1.22M to Trinidad and Tobago. The main products that Russia exported to Trinidad and Tobago were Petroleum Coke ($222k), Acyclic Alcohols ($187k), and Inorganic Salts ($173k). Over the past 5 years the exports of Russia to Trinidad and Tobago have decreased at an annualized rate of 72%,  from $714M in 2016 to $1.22M in 2021.

In 2020, Russia exported services to Trinidad and Tobago worth $110k, with Communications services ($59k), Other business services ($46k), and Transportation ($3k) being the largest in terms of value.

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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Trinidad and Tobago exported $1.36M to Russia. There were not main exports from Trinidad and Tobago to Russia in 2021. During the last 5 years the exports of Trinidad and Tobago to Russia have increased at an annualized rate of 23.2%, from $480k in 2016 to $1.36M in 2021.

In 2017, Russia exported $1.22M to Trinidad and Tobago. The main products exported from Russia to Trinidad and Tobago were Petroleum Coke ($222k), Acyclic Alcohols ($187k), and Inorganic Salts ($173k). During the last 5 years the exports of Russia to Trinidad and Tobago have decreased at an annualized rate of 72%, from $714M in 2022 to $1.22M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Date

Russia Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Trinidad and Tobago than Russia included Jamaica ($430M), Guyana ($257M), and Chile ($291M).

In 2022, countries that imported more from Russia than Trinidad and Tobago included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Trinidad and Tobago - Russia

Flow
Scale

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

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

During 2017, Russia had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($688k), Mineral Products ($394k), and Vegetable Products ($55.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Russia+$4.73kPetroleum Gas
Top Product Potential Russia Trinidad and Tobago+$7.22kRefined Petroleum

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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Bilateral Service Trade

In 2020, Russia exported services to Trinidad and Tobago worth $110k, with Communications services ($59k), Other business services ($46k), and Transportation ($3k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to Trinidad and Tobago (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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