Trinidad and Tobago (TTO) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Trinidad and Tobago-Iceland Trade: In 2022, Trinidad and Tobago exported $20.6k to Iceland. The main products that Trinidad and Tobago exported to Iceland were Hard Liquor ($20.5k) and Sauces and Seasonings ($54). Over the past 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 21%, from $7.93k in 2017 to $20.6k in 2022.

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

Iceland-Trinidad and Tobago Trade: In 2022, Iceland exported $14.8k to Trinidad and Tobago. The main products that Iceland exported to Trinidad and Tobago were Processed Fish ($8.29k), Other Inorganic Acids ($4.69k), and Surveying Equipment ($1.78k). Over the past 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.38%, from $10.3k in 2017 to $14.8k in 2022.

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

Comparison In 2022, Trinidad and Tobago ranked 91 in total exports ($13.9B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Trinidad and Tobago exported $20.6k to Iceland. The main products exported from Trinidad and Tobago to Iceland were Hard Liquor ($20.5k) and Sauces and Seasonings ($54). During the last 5 years the exports of Trinidad and Tobago to Iceland have increased at an annualized rate of 21%, from $7.93k in 2017 to $20.6k in 2022.

In 2017, Iceland exported $14.8k to Trinidad and Tobago. The main products exported from Iceland to Trinidad and Tobago were Processed Fish ($8.29k), Other Inorganic Acids ($4.69k), and Surveying Equipment ($1.78k). During the last 5 years the exports of Iceland to Trinidad and Tobago have increased at an annualized rate of 7.38%, from $10.3k in 2022 to $14.8k in 2017.

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

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

Latest Data

Trade between Trinidad and Tobago () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Trinidad and Tobago
Top DestinationUnited States$4.91B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Trinidad and Tobago included Netherlands ($1.97B), Norway ($459M), and Poland ($367M).

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

Comparative Advantage Trinidad and Tobago - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Trinidad and Tobago had a large net trade with Iceland in the exports of Foodstuffs ($20.6k).

During 2017, Iceland had a large net trade with Trinidad and Tobago in the exports of Foodstuffs ($8.29k), Chemical Products ($4.69k), and Instruments ($1.78k).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Trinidad and Tobago () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Trinidad and Tobago - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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