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2022
Flag → Flag
Exports $18.3MRnk 45 / 149
2022
Flag → Flag
Top Product $18.2MAcyclic Alcohols
2022
Flag → Flag
Exports $16.4MRnk 118 / 217
2022
Flag → Flag
Top Product $4.57MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Trinidad and Tobago-Sweden Trade: In 2022, Trinidad and Tobago exported $18.3M to Sweden. The main products that Trinidad and Tobago exported to Sweden were Acyclic Alcohols ($18.2M), Hard Liquor ($51.2k), and Iron Fasteners ($33.8k). Over the past 5 years the exports of Trinidad and Tobago to Sweden have increased at an annualized rate of 52.1%, from $2.25M in 2017 to $18.3M in 2022.

In 2022, Trinidad and Tobago did not export any services to Sweden.

Sweden-Trinidad and Tobago Trade: In 2022, Sweden exported $16.4M to Trinidad and Tobago. The main products that Sweden exported to Trinidad and Tobago were Packaged Medicaments ($4.57M), Hard Liquor ($1.82M), and Margarine ($1.61M). Over the past 5 years the exports of Sweden to Trinidad and Tobago have decreased at an annualized rate of 16.7%,  from $40.9M in 2017 to $16.4M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $18.3M to Sweden. The main products exported from Trinidad and Tobago to Sweden were Acyclic Alcohols ($18.2M), Hard Liquor ($51.2k), and Iron Fasteners ($33.8k). During the last 5 years the exports of Trinidad and Tobago to Sweden have increased at an annualized rate of 52.1%, from $2.25M in 2017 to $18.3M in 2022.

In 2017, Sweden exported $16.4M to Trinidad and Tobago. The main products exported from Sweden to Trinidad and Tobago were Packaged Medicaments ($4.57M), Hard Liquor ($1.82M), and Margarine ($1.61M). During the last 5 years the exports of Sweden to Trinidad and Tobago have decreased at an annualized rate of 16.7%, from $40.9M in 2022 to $16.4M in 2017.

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

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

Latest Data

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

Trinidad and Tobago Exports

Sweden Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Trinidad and Tobago than Sweden included Jamaica ($430M), Morocco ($740M), and Guyana ($257M).

In 2022, countries that imported more from Sweden than Trinidad and Tobago included Germany ($19.2B), Norway ($18.7B), and Denmark ($14.6B).

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

Comparative Advantage Trinidad and Tobago - Sweden

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Sweden in the exports of Chemical Products ($18.2M), Foodstuffs ($81.6k), and Metals ($33.8k).

During 2017, Sweden had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($5.32M), Animal and Vegetable Bi-Products ($2.86M), and Machines ($2.48M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Sweden+$336kAcyclic Alcohols
Top Product Potential Sweden Trinidad and Tobago+$1.72MCars

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

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

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