2023
Flag  
GDP
$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH
25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 195
2023
Flag
GDP PC 
$23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH
23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC
$52,642CURRENT US$
Rnk 24 / 196
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 195

About

Barbados-Israel Trade: In 2023, Barbados exported $175k to Israel. The main products that Barbados exported to Israel were Hard Liquor ($141k), Packaged Medicaments ($29k), and Medical Instruments ($4k). Over the past 5 years the exports of Barbados to Israel have decreased at an annualized rate of 25.6%, from $769k in 2018 to $175k in 2023.

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

Israel-Barbados Trade: In 2023, Israel exported $1.36M to Barbados. The main products that Israel exported to Barbados were Railway Cargo Containers ($368k), Industrial Fatty Acids, Oils and Alcohols ($239k), and Medical Instruments ($135k). Over the past 5 years the exports of Israel to Barbados have increased at an annualized rate of 4.9%,  from $1.07M in 2018 to $1.36M in 2023.

In 2007, Israel exported services to Barbados worth $466k, with Computer and information services ($466k) being the largest in terms of value.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $175k to Israel. The main products exported from Barbados to Israel were Hard Liquor ($141k), Packaged Medicaments ($29k), and Medical Instruments ($4k). During the last 5 years the exports of Barbados to Israel have decreased at an annualized rate of 25.6%, from $769k in 2018 to $175k in 2023.

In 2018, Israel exported $1.36M to Barbados. The main products exported from Israel to Barbados were Railway Cargo Containers ($368k), Industrial Fatty Acids, Oils and Alcohols ($239k), and Medical Instruments ($135k). During the last 5 years the exports of Israel to Barbados have increased at an annualized rate of 4.9%, from $1.07M in 2023 to $1.36M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Israel (Flag)

Barbados Exports

Israel Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$91M
Israel
Top Destination
United States$20.3B

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

In 2023, countries that imported more from Barbados than Israel included Jamaica ($71.2M), Trinidad and Tobago ($33.7M), and Guyana ($24.6M).

In 2023, countries that imported more from Israel than Barbados included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

Comparative Advantage Barbados - Israel

Flow
Scale

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

During 2023, Barbados had a large net trade with Israel in the exports of Foodstuffs ($141k), Chemical Products ($30k), and Instruments ($4k).

During 2018, Israel had a large net trade with Barbados in the exports of Transportation ($368k), Machines ($368k), and Chemical Products ($289k).

Economic Complexity

Competitive Landscape

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

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

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