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2023
Flag → Flag
Exports $4.55MRnk 15 / 127
2023
Flag → Flag
Top Product $1.95MFruit Juice
2023
Flag → Flag
Exports $1.22MRnk 36 / 139
2023
Flag → Flag
Top Product $514kAluminium Structures
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Belize-Barbados Trade: In 2023, Belize exported $4.55M to Barbados. The main products that Belize exported to Barbados were Fruit Juice ($1.95M), Hard Liquor ($1.03M), and Crustaceans ($674k). Over the past 5 years the exports of Belize to Barbados have decreased at an annualized rate of 16.1%, from $10.9M in 2018 to $4.55M in 2023.

In 2023, Belize did not export any services to Barbados.

Barbados-Belize Trade: In 2023, Barbados exported $1.22M to Belize. The main products that Barbados exported to Belize were Aluminium Structures ($514k), Pesticides ($209k), and Baked Goods ($195k). Over the past 5 years the exports of Barbados to Belize have increased at an annualized rate of 3.54%,  from $1.02M in 2018 to $1.22M in 2023.

In 2023, Barbados did not export any services to Belize.

Comparison In 2023,  Belize ranked 173 in total exports ($386M). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $4.55M to Barbados. The main products exported from Belize to Barbados were Fruit Juice ($1.95M), Hard Liquor ($1.03M), and Crustaceans ($674k). During the last 5 years the exports of Belize to Barbados have decreased at an annualized rate of 16.1%, from $10.9M in 2018 to $4.55M in 2023.

In 2018, Barbados exported $1.22M to Belize. The main products exported from Barbados to Belize were Aluminium Structures ($514k), Pesticides ($209k), and Baked Goods ($195k). During the last 5 years the exports of Barbados to Belize have increased at an annualized rate of 3.54%, from $1.02M in 2023 to $1.22M in 2018.

Exports from Belize (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to Belize (Flag) (2023)

Latest Data

Trade between Belize (Flag) and Barbados (Flag)

Belize Exports

Barbados Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Belize than Barbados included United Kingdom ($55.9M), Spain ($35.5M), and Guatemala ($27.6M).

In 2023, countries that imported more from Barbados than Belize included Jamaica ($71.2M), Canada ($26.6M), and Guyana ($24.6M).

Difference in imports from Barbados (Flag) and Belize (Flag) (2023)

Comparative Advantage Belize - Barbados

Flow
Scale

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

During 2023, Belize had a large net trade with Barbados in the exports of Foodstuffs ($3.23M), Animal Products ($694k), and Paper Goods ($248k).

During 2018, Barbados had a large net trade with Belize in the exports of Metals ($514k), Chemical Products ($296k), and Foodstuffs ($215k).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Barbados (Flag) (2023)

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