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Pricing

2022
Flag → Flag
Exports $233MRnk 15 / 149
2022
Flag → Flag
Top Product $207MPetroleum Gas
2022
Flag → Flag
Exports $534MRnk 80 / 221
2022
Flag → Flag
Top Product $457MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC $18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186
2022
Flag
GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Trinidad and Tobago-Italy Trade: In 2022, Trinidad and Tobago exported $233M to Italy. The main products that Trinidad and Tobago exported to Italy were Petroleum Gas ($207M), Acyclic Alcohols ($18.9M), and Nitrogen Heterocyclic Compounds ($5.78M). Over the past 5 years the exports of Trinidad and Tobago to Italy have increased at an annualized rate of 23.1%, from $82.5M in 2017 to $233M in 2022.

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

Italy-Trinidad and Tobago Trade: In 2022, Italy exported $534M to Trinidad and Tobago. The main products that Italy exported to Trinidad and Tobago were Refined Petroleum ($457M), Passenger and Cargo Ships ($10.1M), and Packaged Medicaments ($6.47M). Over the past 5 years the exports of Italy to Trinidad and Tobago have increased at an annualized rate of 22.3%,  from $159M in 2017 to $534M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $233M to Italy. The main products exported from Trinidad and Tobago to Italy were Petroleum Gas ($207M), Acyclic Alcohols ($18.9M), and Nitrogen Heterocyclic Compounds ($5.78M). During the last 5 years the exports of Trinidad and Tobago to Italy have increased at an annualized rate of 23.1%, from $82.5M in 2017 to $233M in 2022.

In 2017, Italy exported $534M to Trinidad and Tobago. The main products exported from Italy to Trinidad and Tobago were Refined Petroleum ($457M), Passenger and Cargo Ships ($10.1M), and Packaged Medicaments ($6.47M). During the last 5 years the exports of Italy to Trinidad and Tobago have increased at an annualized rate of 22.3%, from $159M in 2022 to $534M in 2017.

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

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

Latest Data

Trade between Trinidad and Tobago (Flag) and Italy (Flag)

Trinidad and Tobago Exports

Italy Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Trinidad and Tobago than Italy included Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

In 2022, countries that imported more from Italy than Trinidad and Tobago included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Trinidad and Tobago - Italy

Flow
Scale

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

During 2022, Trinidad and Tobago had a large net trade with Italy in the exports of Mineral Products ($207M), Chemical Products ($24.7M), and Machines ($561k).

During 2017, Italy had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($457M), Machines ($26.7M), and Transportation ($12.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Italy+$151MPetroleum Gas
Top Product Potential Italy Trinidad and Tobago+$1.43MValves

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

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

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