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Pricing

2022
Flag → Flag
Exports $44MRnk 108 / 215
2022
Flag → Flag
Top Product $5.87MPig Meat
2022
Flag → Flag
Exports $21.6MRnk 6 / 139
2022
Flag → Flag
Top Product $7.68MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Canada-Barbados Trade: In 2022, Canada exported $44M to Barbados. The main products that Canada exported to Barbados were Pig Meat ($5.87M), Processed Fish ($3.08M), and Monofilament ($2.12M). Over the past 5 years the exports of Canada to Barbados have increased at an annualized rate of 4.89%, from $34.7M in 2017 to $44M in 2022.

In 2020, Canada exported services to Barbados worth $160M, with Financial services ($65.6M), Insurance services ($38M), and Royalties and license fees ($35M) being the largest in terms of value.

Barbados-Canada Trade: In 2022, Barbados exported $21.6M to Canada. The main products that Barbados exported to Canada were Hard Liquor ($7.68M), Scrap Iron ($5.03M), and Alcohol > 80% ABV ($4.91M). Over the past 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.7%,  from $12.4M in 2017 to $21.6M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$3.75M and imported C$1.03M from Barbados, resulting in a positive trade balance of C$2.72M. Between August 2023 and August 2024 the exports of Canada have increased by C$421k (12.7%) from C$3.33M to C$3.75M, while imports decreased by C$-1.21M (-54.1%) from C$2.24M to C$1.03M.

Trade In August 2024, the top exports of Canada to Barbados were Pig Meat (C$415k), Plastic Lids (C$195k), Commodities not elsewhere specified (C$179k), Plastic Building Materials (C$156k), and Processed Fish (C$149k). In August 2024 the top imports of Canada from Barbados were Hard Liquor (C$1.04M), Alcohol > 80% ABV (C$228k), Delivery Trucks (C$179k), Baked Goods (C$86.3k), and Electrical Ignitions (C$16.3k).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$1.64M), Quebec (C$1.19M), New Brunswick (C$357k), Prince Edward Is. (C$211k), and British Columbia (C$145k), while imports destinations were mainly British Columbia (C$329k), Quebec (C$297k), Alberta (C$153k), New Brunswick (C$106k), and Ontario (C$78.8k).

Growth In August 2024, the increase in Canada's year-by-year exports to Barbados was explained primarily by an increase in product exports in Pig Meat (C$101k or 32.2%), Spices (C$68.4k or 209%), and Other Furniture (C$43.4k or 54.3k%). In August 2024, the decrease in Canada's year-by-year imports  from Barbados was explained primarily by an decrease in product imports  in Alcohol > 80% ABV (C$-325k or -58.8%), Electrical Resistors (C$-546 or -51.4%), and Plaster Articles (C$-64 or -74.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$421k(12.7%)
IMPORT GROWTH (August 2023 - August 2024)C$-1.21M(-54.1%)
MAIN EXPORTER (August 2024)OntarioC$1.64M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Barbados and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $44M to Barbados. The main products exported from Canada to Barbados were Pig Meat ($5.87M), Processed Fish ($3.08M), and Monofilament ($2.12M). During the last 5 years the exports of Canada to Barbados have increased at an annualized rate of 4.89%, from $34.7M in 2017 to $44M in 2022.

In 2017, Barbados exported $21.6M to Canada. The main products exported from Barbados to Canada were Hard Liquor ($7.68M), Scrap Iron ($5.03M), and Alcohol > 80% ABV ($4.91M). During the last 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.7%, from $12.4M in 2022 to $21.6M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Canada than Barbados included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Barbados than Canada included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

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

Comparative Advantage Canada - Barbados

Flow
Scale

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

During 2022, Canada had a large net trade with Barbados in the exports of Animal Products ($8.78M), Foodstuffs ($7.76M), and Plastics and Rubbers ($5.86M).

During 2017, Barbados had a large net trade with Canada in the exports of Foodstuffs ($13.2M), Metals ($5.12M), and Transportation ($1.07M).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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