2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$27.9BCURRENT US$
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2012-2022
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GDP GROWTH
2.87%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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2022
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GDP PC
$18,222CURRENT US$
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2012-2022
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GDP PC GROWTH
-3.9%CURRENT US$
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About

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 2.05%, from $28.8M in 2017 to $31.8M in 2022.

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

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 2.82%,  from $7.18M in 2017 to $5.55M in 2022.

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

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

In 2022, 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 2.05%, from $28.8M in 2017 to $31.8M in 2022.

In 2017, 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 2.82%, from $7.18M in 2022 to $5.55M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Trinidad and Tobago
Top Destination
United States$4.91B

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

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

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

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

Comparative Advantage Ireland - Trinidad and Tobago

Flow
Scale

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

During 2022, 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).

During 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Trinidad and Tobago+$516kScented Mixtures
Top Product Potential Trinidad and Tobago Ireland+$2.36MAcyclic Alcohols

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 Ireland and Trinidad and Tobago. This means that a dot/product with the flag of Ireland 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 Ireland.

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

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