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2023
Flag → Flag
Exports $4.72MRnk 18 / 139
2023
Flag → Flag
Top Product $2.13MPaper Labels
2023
Flag → Flag
Exports $21.6MRnk 43 / 166
2023
Flag → Flag
Top Product $1.74MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 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$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Barbados-Dominican Republic Trade: In 2023, Barbados exported $4.72M to Dominican Republic. The main products that Barbados exported to Dominican Republic were Paper Labels ($2.13M), Kaolin ($1.39M), and Hard Liquor ($435k). Over the past 5 years the exports of Barbados to Dominican Republic have increased at an annualized rate of 5.77%, from $3.57M in 2018 to $4.72M in 2023.

In 2023, Barbados did not export any services to Dominican Republic.

Dominican Republic-Barbados Trade: In 2023, Dominican Republic exported $21.6M to Barbados. The main products that Dominican Republic exported to Barbados were Knit T-shirts ($1.74M), Other Processed Vegetables ($1.55M), and Plastic Lids ($1.28M). Over the past 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 9.21%,  from $13.9M in 2018 to $21.6M in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $4.72M to Dominican Republic. The main products exported from Barbados to Dominican Republic were Paper Labels ($2.13M), Kaolin ($1.39M), and Hard Liquor ($435k). During the last 5 years the exports of Barbados to Dominican Republic have increased at an annualized rate of 5.77%, from $3.57M in 2018 to $4.72M in 2023.

In 2018, Dominican Republic exported $21.6M to Barbados. The main products exported from Dominican Republic to Barbados were Knit T-shirts ($1.74M), Other Processed Vegetables ($1.55M), and Plastic Lids ($1.28M). During the last 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 9.21%, from $13.9M in 2023 to $21.6M in 2018.

Exports from Barbados (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and Dominican Republic (Flag)

Barbados Exports

Dominican Republic Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Barbados than Dominican Republic included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

In 2023, countries that imported more from Dominican Republic than Barbados included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

Difference in imports from Dominican Republic (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Dominican Republic

Flow
Scale

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

During 2023, Barbados had a large net trade with Dominican Republic in the exports of Paper Goods ($2.17M), Mineral Products ($1.39M), and Foodstuffs ($462k).

During 2018, Dominican Republic had a large net trade with Barbados in the exports of Foodstuffs ($4.9M), Plastics and Rubbers ($3.89M), and Textiles ($3.11M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Dominican Republic (Flag) (2023)

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