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2022
Flag → Flag
Exports $51.9kRnk 87 / 139
2022
Flag → Flag
Top Product $45.3kOrthopedic Appliances
2022
Flag → Flag
Exports $22.1kRnk 185 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Barbados-Armenia Trade: In 2022, 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 5 years the exports of Barbados to Armenia have increased at an annualized rate of 16.6%, from $24.1k in 2017 to $51.9k in 2022.

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

Armenia-Barbados In N/A, Armenia did not export any products to Barbados.

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

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $51.9k in 2022.

Armenia does not register exports to Barbados.

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

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

Latest Data

Trade between Barbados (Flag) and Armenia (Flag)

Barbados Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Barbados - Armenia

Flow
Scale

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

During 2022, 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 Barbados and Armenia. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Barbados.

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

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