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Pricing

2023
Flag → Flag
Exports $13.9MRnk 7 / 139
2023
Flag → Flag
Top Product $4.73MRefined Petroleum
2023
Flag → Flag
Exports $142MRnk 98 / 223
2023
Flag → Flag
Top Product $36.3MPlanes, Helicopters, and/or Spacecraft
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Barbados-United Kingdom Trade: In 2023, Barbados exported $13.9M to United Kingdom. The main products that Barbados exported to United Kingdom were Refined Petroleum ($4.73M), Hard Liquor ($4.01M), and Alcohol > 80% ABV ($1.07M). Over the past 5 years the exports of Barbados to United Kingdom have increased at an annualized rate of 7.51%, from $9.64M in 2018 to $13.9M in 2023.

In 2023, Barbados did not export any services to United Kingdom.

United Kingdom-Barbados Trade: In 2023, United Kingdom exported $142M to Barbados. The main products that United Kingdom exported to Barbados were Planes, Helicopters, and/or Spacecraft ($36.3M), Cars ($18.7M), and Concentrated Milk ($4.69M). Over the past 5 years the exports of United Kingdom to Barbados have increased at an annualized rate of 14.8%,  from $71.3M in 2018 to $142M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $13.9M to United Kingdom. The main products exported from Barbados to United Kingdom were Refined Petroleum ($4.73M), Hard Liquor ($4.01M), and Alcohol > 80% ABV ($1.07M). During the last 5 years the exports of Barbados to United Kingdom have increased at an annualized rate of 7.51%, from $9.64M in 2018 to $13.9M in 2023.

In 2018, United Kingdom exported $142M to Barbados. The main products exported from United Kingdom to Barbados were Planes, Helicopters, and/or Spacecraft ($36.3M), Cars ($18.7M), and Concentrated Milk ($4.69M). During the last 5 years the exports of United Kingdom to Barbados have increased at an annualized rate of 14.8%, from $71.3M in 2023 to $142M in 2018.

Exports from Barbados (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and United Kingdom (Flag)

Barbados Exports

United Kingdom Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Barbados than United Kingdom included Tokelau ($230).

In 2023, countries that imported more from United Kingdom than Barbados included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - United Kingdom

Flow
Scale

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

During 2023, Barbados had a large net trade with United Kingdom in the exports of Foodstuffs ($6.03M), Mineral Products ($4.73M), and Machines ($1.63M).

During 2018, United Kingdom had a large net trade with Barbados in the exports of Transportation ($58.9M), Machines ($17.9M), and Foodstuffs ($16M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and United Kingdom (Flag) (2023)

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