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Pricing

2022
Flag → Flag
Exports $130kRnk 72 / 139
2022
Flag → Flag
Top Product $62.8kOrthopedic Appliances
2022
Flag → Flag
Exports $4.87MRnk 174 / 222
2022
Flag → Flag
Top Product $745kOther Frozen Vegetables
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Barbados-Belgium Trade: In 2022, Barbados exported $130k to Belgium. The main products that Barbados exported to Belgium were Orthopedic Appliances ($62.8k), Ferroalloys ($25.6k), and Cars ($19.9k). Over the past 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 32.5%, from $925k in 2017 to $130k in 2022.

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

Belgium-Barbados Trade: In 2022, Belgium exported $4.87M to Barbados. The main products that Belgium exported to Barbados were Other Frozen Vegetables ($745k), Iron Wire ($239k), and Aluminium Plating ($214k). Over the past 5 years the exports of Belgium to Barbados have decreased at an annualized rate of 1.83%,  from $5.34M in 2017 to $4.87M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $130k to Belgium. The main products exported from Barbados to Belgium were Orthopedic Appliances ($62.8k), Ferroalloys ($25.6k), and Cars ($19.9k). During the last 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 32.5%, from $925k in 2017 to $130k in 2022.

In 2017, Belgium exported $4.87M to Barbados. The main products exported from Belgium to Barbados were Other Frozen Vegetables ($745k), Iron Wire ($239k), and Aluminium Plating ($214k). During the last 5 years the exports of Belgium to Barbados have decreased at an annualized rate of 1.83%, from $5.34M in 2022 to $4.87M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Belgium (Flag)

Barbados Exports

Belgium Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Barbados than Belgium included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2022, countries that imported more from Belgium than Barbados included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Barbados - Belgium

Flow
Scale

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

During 2022, Barbados had a large net trade with Belgium in the exports of Instruments ($62.8k), Metals ($26k), and Transportation ($19.9k).

During 2017, Belgium had a large net trade with Barbados in the exports of Foodstuffs ($1.07M), Metals ($917k), and Chemical Products ($672k).

Economic Complexity

Competitive Landscape

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

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

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