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2023
Flag → Flag
Exports $3.33kRnk 122 / 139
2023
Flag → Flag
Top Product $2.05kJewellery
2023
Flag → Flag
Exports $85.5kRnk 175 / 201
2023
Flag → Flag
Top Product $33.1kAwnings, Tents, and Sails
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Barbados-Philippines Trade: In 2023, Barbados exported $3.33k to Philippines. The main products that Barbados exported to Philippines were Jewellery ($2.05k), Base Metal Watches ($870), and Transmissions ($336). Over the past 5 years the exports of Barbados to Philippines have decreased at an annualized rate of 39.3%, from $40.6k in 2018 to $3.33k in 2023.

In 2023, Barbados did not export any services to Philippines.

Philippines-Barbados Trade: In 2023, Philippines exported $85.5k to Barbados. The main products that Philippines exported to Barbados were Awnings, Tents, and Sails ($33.1k), Optical Fibers and optical fibre bundles ($16.5k), and Wood Ornaments ($9.28k). Over the past 5 years the exports of Philippines to Barbados have decreased at an annualized rate of 31.2%,  from $555k in 2018 to $85.5k in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $3.33k to Philippines. The main products exported from Barbados to Philippines were Jewellery ($2.05k), Base Metal Watches ($870), and Transmissions ($336). During the last 5 years the exports of Barbados to Philippines have decreased at an annualized rate of 39.3%, from $40.6k in 2018 to $3.33k in 2023.

In 2018, Philippines exported $85.5k to Barbados. The main products exported from Philippines to Barbados were Awnings, Tents, and Sails ($33.1k), Optical Fibers and optical fibre bundles ($16.5k), and Wood Ornaments ($9.28k). During the last 5 years the exports of Philippines to Barbados have decreased at an annualized rate of 31.2%, from $555k in 2023 to $85.5k in 2018.

Exports from Barbados (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and Philippines (Flag)

Barbados Exports

Philippines Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Philippines
Top DestinationChina$19B

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

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

In 2023, countries that imported more from Philippines than Barbados included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Philippines

Flow
Scale

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

During 2023, Barbados had a large net trade with Philippines in the exports of Precious Metals ($2.05k), Instruments ($898), and Machines ($336).

During 2018, Philippines had a large net trade with Barbados in the exports of Textiles ($33.3k), Instruments ($16.5k), and Machines ($13.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Philippines (Flag) (2023)

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