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2023
Flag → Flag
Exports $3.26BRnk 1 / 123
2023
Flag → Flag
Top Product $1.15BCrude Petroleum
2023
Flag → Flag
Exports $2.06BRnk 66 / 220
2023
Flag → Flag
Top Product $561MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $20,016CURRENT US$
Rnk 64 / 195
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Trinidad and Tobago-United States Trade: In 2023, Trinidad and Tobago exported $3.26B to United States. The main products that Trinidad and Tobago exported to United States were Crude Petroleum ($1.15B), Iron Reductions ($593M), and Petroleum Gas ($539M). Over the past 5 years the exports of Trinidad and Tobago to United States have decreased at an annualized rate of 1.83%, from $3.57B in 2018 to $3.26B in 2023.

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

United States-Trinidad and Tobago Trade: In 2023, United States exported $2.06B to Trinidad and Tobago. The main products that United States exported to Trinidad and Tobago were Refined Petroleum ($561M), Animal Food ($45M), and Valves ($38.6M). Over the past 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 1.24%,  from $1.94B in 2018 to $2.06B in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Trinidad and Tobago exported $3.26B to United States. The main products exported from Trinidad and Tobago to United States were Crude Petroleum ($1.15B), Iron Reductions ($593M), and Petroleum Gas ($539M). During the last 5 years the exports of Trinidad and Tobago to United States have decreased at an annualized rate of 1.83%, from $3.57B in 2018 to $3.26B in 2023.

In 2018, United States exported $2.06B to Trinidad and Tobago. The main products exported from United States to Trinidad and Tobago were Refined Petroleum ($561M), Animal Food ($45M), and Valves ($38.6M). During the last 5 years the exports of United States to Trinidad and Tobago have increased at an annualized rate of 1.24%, from $1.94B in 2023 to $2.06B in 2018.

Exports from Trinidad and Tobago (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Trinidad and Tobago (Flag) (2023)

Latest Data

Trade between Trinidad and Tobago (Flag) and United States (Flag)

Trinidad and Tobago Exports

United States Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$3.26B
United States
Top DestinationCanada$269B

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

In 2023, no countries were registered that imported more from Trinidad and Tobago than from United States.

In 2023, countries that imported more from United States than Trinidad and Tobago included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Trinidad and Tobago (Flag) (2023)

Comparative Advantage Trinidad and Tobago - United States

Flow
Scale

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

During 2023, Trinidad and Tobago had a large net trade with United States in the exports of Mineral Products ($1.69B), Chemical Products ($877M), and Metals ($594M).

During 2018, United States had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($580M), Machines ($506M), and Foodstuffs ($181M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago United States+$584MCrude Petroleum
Top Product Potential United States Trinidad and Tobago+$7.15MCars

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

Product Space of Trinidad and Tobago (Flag) and United States (Flag) (2023)

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