Trinidad and Tobago (TTO) and Ireland (IRL) Trade | The Observatory of Economic Complexity

About

Trinidad and Tobago-Ireland Trade: In 2022, Trinidad and Tobago exported $5.55M to Ireland. The main products that Trinidad and Tobago exported to Ireland were Acyclic Alcohols ($4.22M), Chocolate ($1.01M), and Sauces and Seasonings ($166k). Over the past 5 years the exports of Trinidad and Tobago to Ireland have decreased at an annualized rate of 5.02%, from $7.18M in 2017 to $5.55M in 2022.

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

Ireland-Trinidad and Tobago Trade: In 2022, Ireland exported $31.8M to Trinidad and Tobago. The main products that Ireland exported to Trinidad and Tobago were Concentrated Milk ($11.7M), Packaged Medicaments ($3.81M), and Frozen Bovine Meat ($3.38M). Over the past 5 years the exports of Ireland to Trinidad and Tobago have increased at an annualized rate of 0.73%, from $28.8M in 2017 to $31.8M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Trinidad and Tobago exported $5.55M to Ireland. The main products exported from Trinidad and Tobago to Ireland were Acyclic Alcohols ($4.22M), Chocolate ($1.01M), and Sauces and Seasonings ($166k). During the last 5 years the exports of Trinidad and Tobago to Ireland have decreased at an annualized rate of 5.02%, from $7.18M in 2017 to $5.55M in 2022.

In 2017, Ireland exported $31.8M to Trinidad and Tobago. The main products exported from Ireland to Trinidad and Tobago were Concentrated Milk ($11.7M), Packaged Medicaments ($3.81M), and Frozen Bovine Meat ($3.38M). During the last 5 years the exports of Ireland to Trinidad and Tobago have increased at an annualized rate of 0.73%, from $28.8M in 2022 to $31.8M in 2017.

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

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

Latest Data

Trade between Trinidad and Tobago () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Ireland
Top DestinationUnited States$70.7B

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

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

In 2022, countries that imported more from Ireland than Trinidad and Tobago included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Trinidad and Tobago - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Trinidad and Tobago had a large net trade with Ireland in the exports of Chemical Products ($4.26M), Foodstuffs ($1.24M), and Machines ($23.1k).

During 2017, Ireland had a large net trade with Trinidad and Tobago in the exports of Animal Products ($23M), Chemical Products ($5.19M), and Foodstuffs ($1.33M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Trinidad and Tobago Ireland+$2.36MAcyclic Alcohols

Top Product Potential Ireland Trinidad and Tobago+$516kScented Mixtures

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Trinidad and Tobago () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Trinidad and Tobago - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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