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2023
Flag → Flag
Exports $132kRnk N/A / N/A
2023
Flag → Flag
Top Product $93.6kOrthopedic Appliances
2023
Flag → Flag
Exports $2.88MRnk N/A / N/A
2023
Flag → Flag
Top Product $1.16MPlywood
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Barbados-Chile Trade: In 2023, Barbados exported $132k to Chile. The main products that Barbados exported to Chile were Orthopedic Appliances ($93.6k), Railway Cargo Containers ($35k), and Hard Liquor ($2.91k). Over the past 5 years the exports of Barbados to Chile have decreased at an annualized rate of 18.6%, from $370k in 2018 to $132k in 2023.

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

Chile-Barbados Trade: In 2023, Chile exported $2.88M to Barbados. The main products that Chile exported to Barbados were Plywood ($1.16M), Wine ($421k), and Raw Sugar ($304k). Over the past 5 years the exports of Chile to Barbados have decreased at an annualized rate of 13.7%,  from $6M in 2018 to $2.88M in 2023.

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

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $132k to Chile. The main products exported from Barbados to Chile were Orthopedic Appliances ($93.6k), Railway Cargo Containers ($35k), and Hard Liquor ($2.91k). During the last 5 years the exports of Barbados to Chile have decreased at an annualized rate of 18.6%, from $370k in 2018 to $132k in 2023.

In 2018, Chile exported $2.88M to Barbados. The main products exported from Chile to Barbados were Plywood ($1.16M), Wine ($421k), and Raw Sugar ($304k). During the last 5 years the exports of Chile to Barbados have decreased at an annualized rate of 13.7%, from $6M in 2023 to $2.88M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Chile (Flag)

Barbados Exports

Chile Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Barbados than Chile included Jamaica ($71.2M), Saint Lucia ($19.5M), and Guyana ($24.6M).

In 2023, countries that imported more from Chile than Barbados included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Barbados - Chile

Flow
Scale

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

During 2023, Barbados had a large net trade with Chile in the exports of Instruments ($93.6k), Transportation ($35k), and Foodstuffs ($2.91k).

During 2018, Chile had a large net trade with Barbados in the exports of Wood Products ($1.48M), Foodstuffs ($1.05M), and Animal Products ($198k).

Economic Complexity

Competitive Landscape

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

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

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