2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
GDP PC 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186

About

Barbados-Italy In 2022, Barbados exported $586k to Italy. The main products that Barbados exported to Italy are Scrap Copper ($184k), Other Plastic Products ($125k), and Hard Liquor ($101k). During the last 27 years the exports of Barbados to Italy have increased at an annualized rate of 2.44%, from $305k in 1995 to $586k in 2022.

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

Italy-Barbados In 2022, Italy exported $15.8M to Barbados. The main products that Italy exported to Barbados were Wine ($2.26M), Unglazed Ceramics ($1.17M), and Other Furniture ($825k). During the last 27 years the exports of Italy to Barbados have increased at an annualized rate of 4.24%, from $5.17M in 1995 to $15.8M 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 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $586k 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 27 years the exports of Barbados to Italy have increased at an annualized rate of 2.44%, from $305k in 1995 to $586k in 2022.

In 2022, Italy exported $15.8M 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 27 years the exports of Italy to Barbados have increased at an annualized rate of 4.24%, from $5.17M in 1995 to $15.8M in 2022.

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

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

Latest Data

Trade between Barbados (Flag) and Italy (Flag)

Barbados Exports

Italy Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
Italy
Top Destination
Germany$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 2021, countries that imported more from Barbados than Italy were Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2021, countries that imported more from Italy than Barbados were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

Comparative Advantage Barbados - Italy

Flow
Scale

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 2022, Italy had a large net trade with Barbados in the exports of Foodstuffs ($4.71M), Machines ($3.58M), and Stone And Glass ($1.94M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Barbados has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Barbados.

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

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