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2022
Flag → Flag
Exports $1.01MRnk 33 / 139
2022
Flag → Flag
Top Product $989kHard Liquor
2022
Flag → Flag
Exports $1.39MRnk 156 / 207
2022
Flag → Flag
Top Product $1.18MElectric Generating Sets
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
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GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Barbados-Finland Trade: In 2022, Barbados exported $1.01M to Finland. The main products that Barbados exported to Finland were Hard Liquor ($989k), Electric Batteries ($5.77k), and Oscilloscopes ($5.72k). Over the past 5 years the exports of Barbados to Finland have increased at an annualized rate of 3.23%, from $862k in 2017 to $1.01M in 2022.

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

Finland-Barbados Trade: In 2022, Finland exported $1.39M to Barbados. The main products that Finland exported to Barbados were Electric Generating Sets ($1.18M), Air Pumps ($40.4k), and Broadcasting Equipment ($18.4k). Over the past 5 years the exports of Finland to Barbados have increased at an annualized rate of 15.4%,  from $676k in 2017 to $1.39M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $1.01M to Finland. The main products exported from Barbados to Finland were Hard Liquor ($989k), Electric Batteries ($5.77k), and Oscilloscopes ($5.72k). During the last 5 years the exports of Barbados to Finland have increased at an annualized rate of 3.23%, from $862k in 2017 to $1.01M in 2022.

In 2017, Finland exported $1.39M to Barbados. The main products exported from Finland to Barbados were Electric Generating Sets ($1.18M), Air Pumps ($40.4k), and Broadcasting Equipment ($18.4k). During the last 5 years the exports of Finland to Barbados have increased at an annualized rate of 15.4%, from $676k in 2022 to $1.39M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Finland (Flag)

Barbados Exports

Finland Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Barbados than Finland included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

In 2022, countries that imported more from Finland than Barbados included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

Comparative Advantage Barbados - Finland

Flow
Scale

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

During 2022, Barbados had a large net trade with Finland in the exports of Foodstuffs ($989k), Machines ($11k), and Instruments ($6.31k).

During 2017, Finland had a large net trade with Barbados in the exports of Machines ($1.3M), Instruments ($49.6k), and Plastics and Rubbers ($13.4k).

Economic Complexity

Competitive Landscape

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

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

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