Barbados (BRB) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Barbados-Singapore Trade: In 2022, Barbados exported $336k to Singapore. The main products that Barbados exported to Singapore were Hard Liquor ($125k), Orthopedic Appliances ($81.8k), and Electrical Resistors ($67.9k). Over the past 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 19.3%, from $984k in 2017 to $336k in 2022.

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

Singapore-Barbados Trade: In 2022, Singapore exported $7.24M to Barbados. The main products that Singapore exported to Barbados were Semiconductor Devices ($5.4M), Building Stone ($275k), and Palm Oil ($175k). Over the past 5 years the exports of Singapore to Barbados have increased at an annualized rate of 22.3%, from $1.45M in 2017 to $7.24M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $336k to Singapore. The main products exported from Barbados to Singapore were Hard Liquor ($125k), Orthopedic Appliances ($81.8k), and Electrical Resistors ($67.9k). During the last 5 years the exports of Barbados to Singapore have decreased at an annualized rate of 19.3%, from $984k in 2017 to $336k in 2022.

In 2017, Singapore exported $7.24M to Barbados. The main products exported from Singapore to Barbados were Semiconductor Devices ($5.4M), Building Stone ($275k), and Palm Oil ($175k). During the last 5 years the exports of Singapore to Barbados have increased at an annualized rate of 22.3%, from $1.45M in 2022 to $7.24M in 2017.

Exports from Barbados () to Singapore () (2022)

Exports from Singapore () to Barbados () (2022)

Latest Data

Trade between Barbados () and Singapore ()

Barbados Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Barbados than Singapore included Jamaica ($43.3M), Saint Lucia ($20.8M), and Saint Vincent and the Grenadines ($14.1M).

In 2022, countries that imported more from Singapore than Barbados included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Barbados - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Singapore in the exports of Foodstuffs ($125k), Instruments ($104k), and Machines ($101k).

During 2017, Singapore had a large net trade with Barbados in the exports of Machines ($5.53M), Animal and Vegetable Bi-Products ($317k), and Stone And Glass ($275k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Singapore () (2022)

Exports from Singapore () to Barbados () (2022)

Latest Data

Trade between Barbados () and Singapore ()

Barbados Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Barbados - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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