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2023
Flag → Flag
Exports $3.68kRnk 121 / 139
2023
Flag → Flag
Top Product $3.68kComputers
2023
Flag → Flag
Exports $318kRnk 160 / 200
2023
Flag → Flag
Top Product $157kTea
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Barbados-Sri Lanka Trade: In 2023, Barbados exported $3.68k to Sri Lanka. The main products that Barbados exported to Sri Lanka were Computers ($3.68k). Over the past 5 years the exports of Barbados to Sri Lanka have increased at an annualized rate of 291%, from $4 in 2018 to $3.68k in 2023.

In 2023, Barbados did not export any services to Sri Lanka.

Sri Lanka-Barbados Trade: In 2023, Sri Lanka exported $318k to Barbados. The main products that Sri Lanka exported to Barbados were Tea ($157k), Nutmeg, mace and cardamons ($40.4k), and Cloves ($38.3k). Over the past 5 years the exports of Sri Lanka to Barbados have decreased at an annualized rate of 3%,  from $394k in 2018 to $318k in 2023.

In 2023, Sri Lanka did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $3.68k to Sri Lanka. The main products exported from Barbados to Sri Lanka were Computers ($3.68k). During the last 5 years the exports of Barbados to Sri Lanka have increased at an annualized rate of 291%, from $4 in 2018 to $3.68k in 2023.

In 2018, Sri Lanka exported $318k to Barbados. The main products exported from Sri Lanka to Barbados were Tea ($157k), Nutmeg, mace and cardamons ($40.4k), and Cloves ($38.3k). During the last 5 years the exports of Sri Lanka to Barbados have decreased at an annualized rate of 3%, from $394k in 2023 to $318k in 2018.

Exports from Barbados (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and Sri Lanka (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Sri Lanka
Top DestinationUnited States$2.98B

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

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

In 2023, countries that imported more from Sri Lanka than Barbados included United States ($2.98B), India ($991M), and Germany ($906M).

Difference in imports from Sri Lanka (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Sri Lanka

Flow
Scale

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

During 2023, Barbados had a large net trade with Sri Lanka in the exports of Machines ($3.68k).

During 2018, Sri Lanka had a large net trade with Barbados in the exports of Vegetable Products ($240k), Foodstuffs ($33.9k), and Plastics and Rubbers ($27.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Sri Lanka (Flag) (2023)

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