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GDP
$5.64BCURRENT US$
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GDP GROWTH
22.3%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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GDP PC 
$20,019CURRENT US$
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GDP PC GROWTH
19.9%CURRENT US$
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GDP PC
$33,815CURRENT US$
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About

Barbados-Japan In 2022, Barbados exported $143k to Japan. The main products that Barbados exported to Japan are Hard Liquor ($137k), Other Animals ($4.55k), and Electrical Ignitions ($770). During the last 27 years the exports of Barbados to Japan have decreased at an annualized rate of 7.31%, from $1.11M in 1995 to $143k in 2022.

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

Japan-Barbados In 2022, Japan exported $46.3M to Barbados. The main products that Japan exported to Barbados were Cars ($31.6M), Delivery Trucks ($5.94M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.75M). During the last 27 years the exports of Japan to Barbados have increased at an annualized rate of 1.47%, from $31.2M in 1995 to $46.3M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $143k to Japan. The main products exported from Barbados to Japan were Hard Liquor ($137k), Other Animals ($4.55k), and Electrical Ignitions ($770). During the last 27 years the exports of Barbados to Japan have decreased at an annualized rate of 7.31%, from $1.11M in 1995 to $143k in 2022.

In 2022, Japan exported $46.3M to Barbados. The main products exported from Japan to Barbados were Cars ($31.6M), Delivery Trucks ($5.94M), and Motor vehicles; parts and accessories (8701 to 8705) ($1.75M). During the last 27 years the exports of Japan to Barbados have increased at an annualized rate of 1.47%, from $31.2M in 1995 to $46.3M in 2022.

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

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

Latest Data

Trade between Barbados (Flag) and Japan (Flag)

Barbados Exports

Japan Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
Japan
Top Destination
United States$137B

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

In 2021, countries that imported more from Barbados than Japan were Saint Vincent and the Grenadines ($14.1M), Saint Lucia ($20.8M), and Grenada ($13.5M).

In 2021, countries that imported more from Japan than Barbados were United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Barbados - Japan

Flow
Scale

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

During 2022, Barbados had a large net trade with Japan in the exports of Foodstuffs ($137k), Animal Products ($4.55k), and Machines ($770).

During 2022, Japan had a large net trade with Barbados in the exports of Transportation ($41.5M), Machines ($3.05M), and Instruments ($625k).

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 Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over Barbados.

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

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