Barbados (BRB) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Barbados-Italy Trade: In 2022, Barbados exported $624k to Italy. The main products that Barbados exported to Italy were Scrap Copper ($184k), Other Plastic Products ($125k), and Hard Liquor ($101k). Over the past 5 years the exports of Barbados to Italy have increased at an annualized rate of 15.4%, from $305k in 2017 to $624k in 2022.

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

Italy-Barbados Trade: In 2022, Italy exported $13.7M to Barbados. The main products that Italy exported to Barbados were Wine ($2.26M), Unglazed Ceramics ($1.17M), and Other Furniture ($825k). Over the past 5 years the exports of Italy to Barbados have increased at an annualized rate of 21.5%, from $5.17M in 2017 to $13.7M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $624k to Italy. The main products exported from Barbados to Italy were Scrap Copper ($184k), Other Plastic Products ($125k), and Hard Liquor ($101k). During the last 5 years the exports of Barbados to Italy have increased at an annualized rate of 15.4%, from $305k in 2017 to $624k in 2022.

In 2017, Italy exported $13.7M to Barbados. The main products exported from Italy to Barbados were Wine ($2.26M), Unglazed Ceramics ($1.17M), and Other Furniture ($825k). During the last 22 years the exports of Italy to Barbados have increased at an annualized rate of 21.5%, from $5.17M in 1995 to $13.7M in 2017.

Exports from Barbados () to Italy () (2022)

Exports from Italy () to Barbados () (2022)

Latest Data

Trade between Barbados () and Italy ()

Barbados Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Barbados than Italy included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2022, countries that imported more from Italy than Barbados included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Barbados - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Italy in the exports of Metals ($184k), Foodstuffs ($139k), and Plastics and Rubbers ($125k).

During 2017, Italy had a large net trade with Barbados in the exports of Foodstuffs ($4.71M), Machines ($3.58M), and Stone And Glass ($1.94M).

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 Italy. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Italy. Similarly, a dot/product with the flag of Italy indicates it has a comparative advantage over Barbados.

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Italy () (2022)

Exports from Italy () to Barbados () (2022)

Latest Data

Trade between Barbados () and Italy ()

Barbados Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Barbados - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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