Barbados (BRB) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Barbados-Guatemala Trade: In 2022, Barbados exported $45.1k to Guatemala. The main products that Barbados exported to Guatemala were Stranded Iron Wire ($26.5k), Paper Labels ($13.6k), and Scrap Plastic ($2.89k). Over the past 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.8%, from $5.53M in 2017 to $45.1k in 2022.

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

Guatemala-Barbados Trade: In 2022, Guatemala exported $6.35M to Barbados. The main products that Guatemala exported to Barbados were Glass Bottles ($2.89M), Raw Sugar ($1.46M), and Refrigerators ($694k). Over the past 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 5.04%, from $3.88M in 2017 to $6.35M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $45.1k to Guatemala. The main products exported from Barbados to Guatemala were Stranded Iron Wire ($26.5k), Paper Labels ($13.6k), and Scrap Plastic ($2.89k). During the last 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.8%, from $5.53M in 2017 to $45.1k in 2022.

In 2017, Guatemala exported $6.35M to Barbados. The main products exported from Guatemala to Barbados were Glass Bottles ($2.89M), Raw Sugar ($1.46M), and Refrigerators ($694k). During the last 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 5.04%, from $3.88M in 2022 to $6.35M in 2017.

Exports from Barbados () to Guatemala () (2022)

Exports from Guatemala () to Barbados () (2022)

Latest Data

Trade between Barbados () and Guatemala ()

Barbados Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Barbados than Guatemala included Guyana ($29.7M), Saint Lucia ($20.8M), and Grenada ($13.5M).

In 2022, countries that imported more from Guatemala than Barbados included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

Difference in imports from Guatemala () and Barbados () (2022)

Comparative Advantage Barbados - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Guatemala in the exports of Metals ($26.5k), Paper Goods ($13.6k), and Plastics and Rubbers ($2.89k).

During 2017, Guatemala had a large net trade with Barbados in the exports of Stone And Glass ($2.89M), Foodstuffs ($1.49M), and Chemical Products ($966k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Guatemala () (2022)

Exports from Guatemala () to Barbados () (2022)

Latest Data

Trade between Barbados () and Guatemala ()

Barbados Exports

Guatemala Exports

Market Competitiveness

Difference in imports from Guatemala () and Barbados () (2022)

Comparative Advantage Barbados - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and Guatemala () (2022)

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