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2019
Flag → Flag
Exports $126Rnk 27 / 0
2019
Flag → Flag
Exports $51.9kRnk 87 / 139
2019
Flag → Flag
Top Product $45.3kOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Armenia-Barbados Trade: In 2019, Armenia exported $126 to Barbados. The main products that Armenia exported to Barbados were N/A. Over the past 10 years the exports of Armenia to Barbados have decreased at an annualized rate of 38.6%, from $16.5k in 2009 to $126 in 2019.

In 2019, Armenia did not export any services to Barbados.

Barbados-Armenia Trade: In 2019, Barbados exported $51.9k to Armenia. The main products that Barbados exported to Armenia were Orthopedic Appliances ($45.3k), Medical Instruments ($6.48k), and Paper Notebooks ($98). Over the past 10 years the exports of Barbados to Armenia have increased at an annualized rate of 16.6%,  from $24.1k in 2009 to $51.9k in 2019.

In 2019, Barbados did not export any services to Armenia.

Comparison In 2022,  Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081),  and 122 in total exports ($5.78B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Armenia exported $126 to Barbados. There were not main exports from Armenia to Barbados in 2019. During the last 10 years the exports of Armenia to Barbados have decreased at an annualized rate of 38.6%, from $16.5k in 2009 to $126 in 2019.

In 2017, Barbados exported $51.9k to Armenia. The main products exported from Barbados to Armenia were Orthopedic Appliances ($45.3k), Medical Instruments ($6.48k), and Paper Notebooks ($98). During the last 5 years the exports of Barbados to Armenia have increased at an annualized rate of 16.6%, from $24.1k in 2022 to $51.9k in 2017.

Exports from Armenia (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$2.36B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Armenia than Barbados included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from Barbados than Armenia included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

Difference in imports from Barbados (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Barbados

Flow
Scale

This chart compares trade between Armenia and Barbados by product, considering products traded by both, Armenia and Barbados.

During 2019, Armenia had a large net trade with Barbados in the exports of .

During 2017, Barbados had a large net trade with Armenia in the exports of Instruments ($51.8k), Paper Goods ($98), and Miscellaneous ($47).

Economic Complexity

Competitive Landscape

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

Product Space of Armenia (Flag) and Barbados (Flag) (2022)

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