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2022
Flag → Flag
Exports $173MRnk 91 / 222
2022
Flag → Flag
Top Product $120MRefined Petroleum
2022
Flag → Flag
Exports $894MRnk 2 / 149
2022
Flag → Flag
Top Product $507MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
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GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$18,222CURRENT US$
Rnk 58 / 186
2012-2022
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GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Belgium-Trinidad and Tobago In 2022, Belgium exported $173M to Trinidad and Tobago. The main products that Belgium exported to Trinidad and Tobago are Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). During the last 23 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 8.82%, from $24.8M in 1999 to $173M in 2022.

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

Trinidad and Tobago-Belgium In 2022, Trinidad and Tobago exported $894M to Belgium. The main products that Trinidad and Tobago exported to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). During the last 23 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 20.8%, from $11.6M in 1999 to $894M in 2022.

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

Comparison In 2022,  Belgium ranked 17 in the Economic Complexity Index (ECI 1.28),  and 13 in total exports ($475B). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Belgium exported €1.62M and imported €36.6M from Trinidad and Tobago, resulting in a negative trade balance of €35M. Between December 2022 and December 2023 the exports of Belgium have decreased by €-50.2M (-96.9%) from €51.8M to €1.62M, while imports decreased by €-17M (-31.7%) from €53.6M to €36.6M.

Trade In December 2023, the top exports of Belgium to Trinidad and Tobago were Mineral fuels, mineral oils and products... (€27.2M), Food residues & wastes; animal fodder (€600k), Preparations of vegetables, fruit, nuts or... (€247k), Misc. manufactures (€214k), and Chemical products n.e.s. (€101k). In December 2023 the top imports of Belgium from Trinidad and Tobago were Inorganic chemicals (€49M), Organic chemicals (€3.99M), Fertilizers (€1.66M), Chemical products n.e.s. (€2.91k), and Mineral fuels, mineral oils and products... (€171).

Growth In December 2023, the decrease in Belgium's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Copper articles (€-1.56M or -100%), Plastics & articles thereof (€-167k or -90.4%), and Organic chemicals (€-110k or -98.7%). In December 2023, the decrease in Belgium's year-by-year imports  from Trinidad and Tobago was explained primarily by an decrease in product imports  in Organic chemicals (€-1.64M or -29.1%) and Mineral fuels, mineral oils and products... (€-95 or -35.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-50.2M(-96.9%)
IMPORT GROWTH (December 2022 - December 2023)€-17M(-31.7%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Trinidad and Tobago and Belgium trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $173M to Trinidad and Tobago. The main products exported from Belgium to Trinidad and Tobago were Refined Petroleum ($120M), Copper Wire ($16.3M), and Other Frozen Vegetables ($6.36M). During the last 23 years the exports of Belgium to Trinidad and Tobago have increased at an annualized rate of 8.82%, from $24.8M in 1999 to $173M in 2022.

In 2022, Trinidad and Tobago exported $894M to Belgium. The main products exported from Trinidad and Tobago to Belgium were Ammonia ($507M), Acyclic Alcohols ($186M), and Nitrogenous Fertilizers ($83.2M). During the last 23 years the exports of Trinidad and Tobago to Belgium have increased at an annualized rate of 20.8%, from $11.6M in 1999 to $894M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2021, countries that imported more from Belgium than Trinidad and Tobago were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Trinidad and Tobago than Belgium were Jamaica ($430M), Guyana ($257M), and Barbados ($132M).

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

Comparative Advantage Belgium - Trinidad and Tobago

Flow
Scale

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

During 2022, Belgium had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($121M), Metals ($21.2M), and Foodstuffs ($10.2M).

During 2022, Trinidad and Tobago had a large net trade with Belgium in the exports of Chemical Products ($777M), Mineral Products ($109M), and Metals ($8.5M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over Belgium.

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

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