Barbados (BRB) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Barbados-Russia Trade: In 2022, Barbados exported $1.18k to Russia. The main products that Barbados exported to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). Over the past 5 years the exports of Barbados to Russia have decreased at an annualized rate of 71.8%, from $666k in 2017 to $1.18k in 2022.

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

Russia-Barbados Trade: In 2022, Russia exported $54.7k to Barbados. The main products that Russia exported to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). Over the past 5 years the exports of Russia to Barbados have decreased at an annualized rate of 11.9%, from $220k in 2017 to $54.7k in 2022.

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Comparison In 2022, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $1.18k to Russia. The main products exported from Barbados to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). During the last 5 years the exports of Barbados to Russia have decreased at an annualized rate of 71.8%, from $666k in 2017 to $1.18k in 2022.

In 2017, Russia exported $54.7k to Barbados. The main products exported from Russia to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). During the last 5 years the exports of Russia to Barbados have decreased at an annualized rate of 11.9%, from $220k in 2022 to $54.7k in 2017.

Exports from Barbados () to Russia () (2022)

Exports from Russia () to Barbados () (2022)

Latest Data

Trade between Barbados () and Russia ()

Barbados Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Russia
Top DestinationChina$101B

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

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

In 2022, countries that imported more from Russia than Barbados included China ($101B), India ($40.4B), and Germany ($27.7B).

Difference in imports from Russia () and Barbados () (2022)

Comparative Advantage Barbados - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Russia in the exports of Precious Metals ($993), Instruments ($148), and Machines ($39).

During 2017, Russia had a large net trade with Barbados in the exports of Wood Products ($43.5k), Machines ($10.3k), and Animal Products ($670).

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Russia () (2022)

Exports from Russia () to Barbados () (2022)

Latest Data

Trade between Barbados () and Russia ()

Barbados Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Barbados () (2022)

Comparative Advantage Barbados - Russia

Bilateral Service Trade

Services Exports from Russia () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Barbados () and Russia () (2022)

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