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2021
Flag → Flag
Exports $787Rnk 118 / 0
2021
Flag → Flag
Exports $22.4kRnk 2 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

Barbados-Madagascar Trade: In 2021, Barbados exported $787 to Madagascar. The main products that Barbados exported to Madagascar were N/A. Over the past 10 years the exports of Barbados to Madagascar have increased at an annualized rate of 5.59%, from $457 in 2011 to $787 in 2021.

In 2021, Barbados did not export any services to Madagascar.

Madagascar-Barbados Trade: In 2021, Madagascar exported $22.4k to Barbados. The main products that Madagascar exported to Barbados were N/A. Over the past 10 years the exports of Madagascar to Barbados have increased at an annualized rate of 17.7%,  from $9.96k in 2011 to $22.4k in 2021.

In 2021, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Barbados exported $787 to Madagascar. There were not main exports from Barbados to Madagascar in 2021. During the last 10 years the exports of Barbados to Madagascar have increased at an annualized rate of 5.59%, from $457 in 2011 to $787 in 2021.

In 2016, Madagascar exported $22.4k to Barbados. There were not main exports from Madagascar to Barbados in 2016. During the last 5 years the exports of Madagascar to Barbados have increased at an annualized rate of 17.7%, from $9.96k in 2021 to $22.4k in 2016.

Exports from Barbados (Flag) to Madagascar (Flag) (2021)

Exports from Madagascar (Flag) to Barbados (Flag) (2021)

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Madagascar
Top DestinationUnited States$756M

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

In 2022, countries that imported more from Barbados than Madagascar included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

In 2022, countries that imported more from Madagascar than Barbados included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Barbados - Madagascar

Flow
Scale

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

During 2021, Barbados had a large net trade with Madagascar in the exports of .

During 2016, Madagascar had a large net trade with Barbados in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Madagascar (Flag) (2021)

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