Bermuda (BMU) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Bermuda-Barbados Trade: In 2022, Bermuda exported $38k to Barbados. The main products that Bermuda exported to Barbados were Insulated Wire ($12.2k), Cars ($11.6k), and Other Rubber Products ($2.4k). Over the past 5 years the exports of Bermuda to Barbados have decreased at an annualized rate of 10.6%, from $66.4k in 2017 to $38k in 2022.

In 2022, Bermuda did not export any services to Barbados.

Barbados-Bermuda Trade: In 2022, Barbados exported $524k to Bermuda. The main products that Barbados exported to Bermuda were Motor vehicles; parts and accessories (8701 to 8705) ($157k), Hard Liquor ($78.7k), and Pesticides ($48.2k). Over the past 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 13.4%, from $2.56M in 2017 to $524k in 2022.

In 2022, Barbados did not export any services to Bermuda.

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M). That same year, Barbados ranked 176 in total exports ($393M). 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, Bermuda exported $38k to Barbados. The main products exported from Bermuda to Barbados were Insulated Wire ($12.2k), Cars ($11.6k), and Other Rubber Products ($2.4k). During the last 5 years the exports of Bermuda to Barbados have decreased at an annualized rate of 10.6%, from $66.4k in 2017 to $38k in 2022.

In 2017, Barbados exported $524k to Bermuda. The main products exported from Barbados to Bermuda were Motor vehicles; parts and accessories (8701 to 8705) ($157k), Hard Liquor ($78.7k), and Pesticides ($48.2k). During the last 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 13.4%, from $2.56M in 2022 to $524k in 2017.

Exports from Bermuda () to Barbados () (2022)

Exports from Barbados () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Barbados ()

Bermuda Exports

Date

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Bermuda than Barbados included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

In 2022, countries that imported more from Barbados than Bermuda included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

Difference in imports from Barbados () and Bermuda () (2022)

Comparative Advantage Bermuda - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Barbados in the exports of Machines ($16.4k), Transportation ($12.6k), and Plastics and Rubbers ($2.9k).

During 2017, Barbados had a large net trade with Bermuda in the exports of Transportation ($157k), Machines ($111k), and Foodstuffs ($110k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Barbados () (2022)

Exports from Barbados () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Barbados ()

Bermuda Exports

Barbados Exports

Market Competitiveness

Difference in imports from Barbados () and Bermuda () (2022)

Comparative Advantage Bermuda - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Barbados () (2022)

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