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2023
Flag → Flag
Exports $44.2MRnk 112 / 215
2023
Flag → Flag
Top Product $4.94MPig Meat
2023
Flag → Flag
Exports $26.6MRnk 4 / 139
2023
Flag → Flag
Top Product $9.14MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Canada-Barbados Trade: In 2023, Canada exported $44.2M to Barbados. The main products that Canada exported to Barbados were Pig Meat ($4.94M), Plastic Lids ($1.83M), and X-Ray Equipment ($1.68M). Over the past 5 years the exports of Canada to Barbados have increased at an annualized rate of 3.95%, from $36.4M in 2018 to $44.2M in 2023.

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 2023, Barbados exported $26.6M to Canada. The main products that Barbados exported to Canada were Hard Liquor ($9.14M), Alcohol > 80% ABV ($7.16M), and Scrap Iron ($6.88M). Over the past 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.9%,  from $15.1M in 2018 to $26.6M in 2023.

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

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$3.87M and imported C$2M from Barbados, resulting in a positive trade balance of C$1.88M. Between November 2023 and November 2024 the exports of Canada have increased by C$109k (2.91%) from C$3.76M to C$3.87M, while imports increased by C$312k (18.6%) from C$1.68M to C$2M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Ontario (C$1.54M), Quebec (C$1.44M), New Brunswick (C$251k), Prince Edward Is. (C$237k), and Nova Scotia (C$154k), while imports destinations were mainly Alberta (C$1.03M), Ontario (C$436k), British Columbia (C$360k), Saskatchewan (C$120k), and New Brunswick (C$30.3k).

Growth In November 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 November 2024, the increase in Canada's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in Hard Liquor (C$153k or 17.3%), Baked Goods (C$58.3k or 209%), and Pastes and Waxes (C$39 or 73.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$109k(2.91%)
IMPORT GROWTH (November 2023 - November 2024)C$312k(18.6%)
MAIN EXPORTER (November 2024)OntarioC$1.54M

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 2023, Canada exported $44.2M to Barbados. The main products exported from Canada to Barbados were Pig Meat ($4.94M), Plastic Lids ($1.83M), and X-Ray Equipment ($1.68M). During the last 5 years the exports of Canada to Barbados have increased at an annualized rate of 3.95%, from $36.4M in 2018 to $44.2M in 2023.

In 2018, Barbados exported $26.6M to Canada. The main products exported from Barbados to Canada were Hard Liquor ($9.14M), Alcohol > 80% ABV ($7.16M), and Scrap Iron ($6.88M). During the last 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.9%, from $15.1M in 2023 to $26.6M in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Barbados
Top DestinationUnited States$91M

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 2023, countries that imported more from Canada than Barbados included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Barbados than Canada included Saint Lucia ($19.5M), Saint Vincent and the Grenadines ($10.9M), and Antigua and Barbuda ($9.33M).

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

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 2023, Canada had a large net trade with Barbados in the exports of N/A.

During 2018, Barbados had a large net trade with Canada in the exports of Foodstuffs ($16.9M), Metals ($6.91M), and Paper Goods ($1.43M).

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) (2023)

Keep Exploring

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