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2022
Flag → Flag
Exports $674Rnk 134 / 139
2022
Flag → Flag
Top Product $495Hard Liquor
2022
Flag → Flag
Exports $100kRnk 74 / 149
2022
Flag → Flag
Top Product $35.5kElectric Batteries
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Barbados-Nepal Trade: In 2022, Barbados exported $674 to Nepal. The main products that Barbados exported to Nepal were Hard Liquor ($495), Non-Knit Women's Suits ($154), and Labels ($25). Over the past 11 years the exports of Barbados to Nepal have decreased at an annualized rate of 24.8%, from $15.5k in 2011 to $674 in 2022.

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

Nepal-Barbados Trade: In 2022, Nepal exported $100k to Barbados. The main products that Nepal exported to Barbados were Electric Batteries ($35.5k), Air Pumps ($32.6k), and Electrical Transformers ($22.3k). Over the past 11 years the exports of Nepal to Barbados have increased at an annualized rate of 44%,  from $2.6k in 2011 to $100k in 2022.

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

Comparison In 2022,  Barbados ranked 176 in total exports ($393M). That same year, Nepal ranked 153 in total exports ($1.43B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $674 to Nepal. The main products exported from Barbados to Nepal were Hard Liquor ($495), Non-Knit Women's Suits ($154), and Labels ($25). During the last 11 years the exports of Barbados to Nepal have decreased at an annualized rate of 24.8%, from $15.5k in 2011 to $674 in 2022.

In 2017, Nepal exported $100k to Barbados. The main products exported from Nepal to Barbados were Electric Batteries ($35.5k), Air Pumps ($32.6k), and Electrical Transformers ($22.3k). During the last 5 years the exports of Nepal to Barbados have increased at an annualized rate of 44%, from $2.6k in 2022 to $100k in 2017.

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

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

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Barbados included India ($956M), United States ($152M), and Germany ($43M).

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

Comparative Advantage Barbados - Nepal

Flow
Scale

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

During 2022, Barbados had a large net trade with Nepal in the exports of Foodstuffs ($495) and Textiles ($179).

During 2017, Nepal had a large net trade with Barbados in the exports of Machines ($100k).

Economic Complexity

Competitive Landscape

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

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

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