Venezuela (VEN) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

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Venezuela-Trinidad and Tobago Trade: In 2022, Venezuela exported $3.48M to Trinidad and Tobago. The main products that Venezuela exported to Trinidad and Tobago were Sawn Wood ($1.43M), Glass Scraps ($815k), and Tissue ($366k). Over the past 5 years the exports of Venezuela to Trinidad and Tobago have increased at an annualized rate of 6.37%, from $2.56M in 2017 to $3.48M in 2022.

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

Trinidad and Tobago-Venezuela Trade: In 2022, Trinidad and Tobago exported $342k to Venezuela. The main products that Trinidad and Tobago exported to Venezuela were Polyacetals ($80.9k), Other Edible Preparations ($40.3k), and Combustion Engines ($24.5k). Over the past 5 years the exports of Trinidad and Tobago to Venezuela have decreased at an annualized rate of 56.3%, from $21.6M in 2017 to $342k in 2022.

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

Comparison In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $3.48M to Trinidad and Tobago. The main products exported from Venezuela to Trinidad and Tobago were Sawn Wood ($1.43M), Glass Scraps ($815k), and Tissue ($366k). During the last 5 years the exports of Venezuela to Trinidad and Tobago have increased at an annualized rate of 6.37%, from $2.56M in 2017 to $3.48M in 2022.

In 2017, Trinidad and Tobago exported $342k to Venezuela. The main products exported from Trinidad and Tobago to Venezuela were Polyacetals ($80.9k), Other Edible Preparations ($40.3k), and Combustion Engines ($24.5k). During the last 5 years the exports of Trinidad and Tobago to Venezuela have decreased at an annualized rate of 56.3%, from $21.6M in 2022 to $342k in 2017.

Exports from Venezuela () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Trinidad and Tobago ()

Trinidad and Tobago Exports

Date

Mar 2010

Feb 2010

Jan 2010

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Venezuela than Trinidad and Tobago included Turkey ($597M), China ($703M), and Lebanon ($150M).

In 2022, countries that imported more from Trinidad and Tobago than Venezuela included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago () and Venezuela () (2022)

Comparative Advantage Venezuela - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Trinidad and Tobago in the exports of Wood Products ($1.45M), Stone And Glass ($901k), and Paper Goods ($394k).

During 2017, Trinidad and Tobago had a large net trade with Venezuela in the exports of Plastics and Rubbers ($98.2k), Machines ($75.5k), and Foodstuffs ($44k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Trinidad and Tobago ()

Trinidad and Tobago Exports

Market Competitiveness

Difference in imports from Trinidad and Tobago () and Venezuela () (2022)

Comparative Advantage Venezuela - Trinidad and Tobago

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Venezuela () and Trinidad and Tobago () (2022)

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