2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

Barbados-Colombia Trade: In 2022, Barbados exported $731k to Colombia. The main products that Barbados exported to Colombia were Petroleum Gas ($550k), Tool Sets ($56.7k), and Other Processed Fruits and Nuts ($54.5k). Over the past 5 years the exports of Barbados to Colombia have increased at an annualized rate of 17.1%, from $332k in 2017 to $731k in 2022.

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

Colombia-Barbados Trade: In 2022, Colombia exported $11.3M to Barbados. The main products that Colombia exported to Barbados were Aluminium Cans ($2.61M), Malt ($875k), and Raw Sugar ($789k). Over the past 5 years the exports of Colombia to Barbados have increased at an annualized rate of 12.1%,  from $6.42M in 2017 to $11.3M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $731k to Colombia. The main products exported from Barbados to Colombia were Petroleum Gas ($550k), Tool Sets ($56.7k), and Other Processed Fruits and Nuts ($54.5k). During the last 5 years the exports of Barbados to Colombia have increased at an annualized rate of 17.1%, from $332k in 2017 to $731k in 2022.

In 2017, Colombia exported $11.3M to Barbados. The main products exported from Colombia to Barbados were Aluminium Cans ($2.61M), Malt ($875k), and Raw Sugar ($789k). During the last 5 years the exports of Colombia to Barbados have increased at an annualized rate of 12.1%, from $6.42M in 2022 to $11.3M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Colombia (Flag)

Barbados Exports

Colombia Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
Colombia
Top Destination
United States$15.6B

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

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

In 2022, countries that imported more from Colombia than Barbados included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Barbados - Colombia

Flow
Scale

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

During 2022, Barbados had a large net trade with Colombia in the exports of Mineral Products ($555k), Metals ($56.7k), and Foodstuffs ($54.5k).

During 2017, Colombia had a large net trade with Barbados in the exports of Metals ($3.28M), Machines ($1.94M), and Plastics and Rubbers ($1.62M).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with