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2023
Flag → Flag
Exports $8.26kRnk 110 / 139
2023
Flag → Flag
Top Product $6.41kElectrical Resistors
2023
Flag → Flag
Exports $202kRnk 165 / 199
2023
Flag → Flag
Top Product $200kOther Heating Machinery
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 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$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Barbados-Romania Trade: In 2023, Barbados exported $8.26k to Romania. The main products that Barbados exported to Romania were Electrical Resistors ($6.41k), Hard Liquor ($1.53k), and Knit Women's Undergarments ($327). Over the past 5 years the exports of Barbados to Romania have decreased at an annualized rate of 42.4%, from $130k in 2018 to $8.26k in 2023.

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

Romania-Barbados Trade: In 2023, Romania exported $202k to Barbados. The main products that Romania exported to Barbados were Other Heating Machinery ($200k), Other Rubber Products ($1.22k), and Other Furniture ($317). Over the past 5 years the exports of Romania to Barbados have decreased at an annualized rate of 5.56%,  from $285k in 2018 to $202k in 2023.

In 2023, Romania 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $8.26k to Romania. The main products exported from Barbados to Romania were Electrical Resistors ($6.41k), Hard Liquor ($1.53k), and Knit Women's Undergarments ($327). During the last 5 years the exports of Barbados to Romania have decreased at an annualized rate of 42.4%, from $130k in 2018 to $8.26k in 2023.

In 2018, Romania exported $202k to Barbados. The main products exported from Romania to Barbados were Other Heating Machinery ($200k), Other Rubber Products ($1.22k), and Other Furniture ($317). During the last 5 years the exports of Romania to Barbados have decreased at an annualized rate of 5.56%, from $285k in 2023 to $202k in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Romania (Flag)

Barbados Exports

Romania Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Romania
Top DestinationGermany$19.9B

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

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

In 2023, countries that imported more from Romania than Barbados included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Barbados - Romania

Flow
Scale

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

During 2023, Barbados had a large net trade with Romania in the exports of Machines ($6.41k), Foodstuffs ($1.53k), and Textiles ($327).

During 2018, Romania had a large net trade with Barbados in the exports of Machines ($200k), Plastics and Rubbers ($1.22k), and Miscellaneous ($317).

Economic Complexity

Competitive Landscape

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

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

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