NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $596kRnk 47 / 139
2023
Flag → Flag
Top Product $254kAlcohol > 80% ABV
2023
Flag → Flag
Exports $24.8MRnk 145 / 220
2023
Flag → Flag
Top Product $11.3MStone Processing Machines
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Barbados-Spain Trade: In 2023, Barbados exported $596k to Spain. The main products that Barbados exported to Spain were Alcohol > 80% ABV ($254k), Hard Liquor ($164k), and Railway Cargo Containers ($100k). Over the past 5 years the exports of Barbados to Spain have decreased at an annualized rate of 5.47%, from $790k in 2018 to $596k in 2023.

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

Spain-Barbados Trade: In 2023, Spain exported $24.8M to Barbados. The main products that Spain exported to Barbados were Stone Processing Machines ($11.3M), Hot-Rolled Iron Bars ($1.79M), and Cellulose Fibers Paper ($1.55M). Over the past 5 years the exports of Spain to Barbados have increased at an annualized rate of 21.3%,  from $9.46M in 2018 to $24.8M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $596k to Spain. The main products exported from Barbados to Spain were Alcohol > 80% ABV ($254k), Hard Liquor ($164k), and Railway Cargo Containers ($100k). During the last 5 years the exports of Barbados to Spain have decreased at an annualized rate of 5.47%, from $790k in 2018 to $596k in 2023.

In 2018, Spain exported $24.8M to Barbados. The main products exported from Spain to Barbados were Stone Processing Machines ($11.3M), Hot-Rolled Iron Bars ($1.79M), and Cellulose Fibers Paper ($1.55M). During the last 5 years the exports of Spain to Barbados have increased at an annualized rate of 21.3%, from $9.46M in 2023 to $24.8M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Spain (Flag)

Barbados Exports

Spain Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Barbados than Spain included Saint Lucia ($19.5M), Trinidad and Tobago ($33.7M), and Grenada ($13.4M).

In 2023, countries that imported more from Spain than Barbados included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Barbados - Spain

Flow
Scale

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

During 2023, Barbados had a large net trade with Spain in the exports of Foodstuffs ($418k), Transportation ($100k), and Metals ($22.8k).

During 2018, Spain had a large net trade with Barbados in the exports of Machines ($14.2M), Metals ($3.64M), and Paper Goods ($1.65M).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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