NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $24.8MRnk 145 / 220
2023
Flag → Flag
Top Product $11.3MStone Processing Machines
2023
Flag → Flag
Exports $596kRnk 47 / 139
2023
Flag → Flag
Top Product $254kAlcohol > 80% ABV
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Spain-Barbados Trade: In 2023, Spain exported $24.8M to Barbados. The main products that Spain exported to Barbados were Stone Processing Machines ($11.3M), Hot-Rolled Iron Bars ($1.79M), and Cellulose Fibers Paper ($1.55M). Over the past 5 years the exports of Spain to Barbados have increased at an annualized rate of 21.3%, from $9.46M in 2018 to $24.8M in 2023.

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

Barbados-Spain Trade: In 2023, Barbados exported $596k to Spain. The main products that Barbados exported to Spain were Alcohol > 80% ABV ($254k), Hard Liquor ($164k), and Railway Cargo Containers ($100k). Over the past 5 years the exports of Barbados to Spain have decreased at an annualized rate of 5.47%,  from $790k in 2018 to $596k in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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, Spain exported €1.51M and imported €30k from Barbados, resulting in a positive trade balance of €1.48M. Between November 2023 and November 2024 the exports of Spain have increased by €752k (99.7%) from €754k to €1.51M, while imports decreased by €-3.38k (-10.1%) from €33.4k to €30k.

Trade In November 2024, the top exports of Spain to Barbados were Raw Iron Bars (€228k), Commodities not elsewhere specified (€106k), Hot-Rolled Iron Bars (€60k), Audio Alarms (€38.2k), and Unglazed Ceramics (€26.9k). In November 2024 the top imports of Spain from Barbados were Hard Liquor (€7.18k), Railway Cargo Containers (€6.2k), Seats (€1.92k), Commodities not elsewhere specified (€134), and Electrical Resistors (€60.6).

Origins In November 2024 the exports of Spain were mainly from Vizcaya (€362k), Barcelona (€240k), Valencia (€144k), Murcia (€112k), and Castellón (€71k), while imports destinations were mainly Barcelona (€15.6k), La Rioja (€14k), Madrid (€324), and Málaga (€69.9).

Growth In November 2024, the increase in Spain's year-by-year exports to Barbados was explained primarily by an increase in product exports in Raw Iron Bars (€208k or 1k%), Commodities not elsewhere specified (€105k or 9.97k%), and Wine (€9.78k or 1.2k%). In November 2024, the decrease in Spain's year-by-year imports  from Barbados was explained primarily by an decrease in product imports  in Electrical Resistors (€-205 or -77.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€752k(99.7%)
IMPORT GROWTH (November 2023 - November 2024)€-3.38k(-10.1%)
MAIN EXPORTER (November 2024)Vizcaya€362k

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

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

For full datasets download visit Bulk Download page.

Explore Barbados and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $24.8M to Barbados. The main products exported from Spain to Barbados were Stone Processing Machines ($11.3M), Hot-Rolled Iron Bars ($1.79M), and Cellulose Fibers Paper ($1.55M). During the last 5 years the exports of Spain to Barbados have increased at an annualized rate of 21.3%, from $9.46M in 2018 to $24.8M in 2023.

In 2018, Barbados exported $596k to Spain. The main products exported from Barbados to Spain were Alcohol > 80% ABV ($254k), Hard Liquor ($164k), and Railway Cargo Containers ($100k). During the last 5 years the exports of Barbados to Spain have decreased at an annualized rate of 5.47%, from $790k in 2023 to $596k in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Spain than Barbados included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Barbados than Spain included Saint Lucia ($19.5M), Trinidad and Tobago ($33.7M), and Grenada ($13.4M).

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

Comparative Advantage Spain - Barbados

Flow
Scale

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

During 2023, Spain had a large net trade with Barbados in the exports of Machines ($14.2M), Metals ($3.64M), and Paper Goods ($1.65M).

During 2018, Barbados had a large net trade with Spain in the exports of Foodstuffs ($418k), Transportation ($100k), and Metals ($22.8k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms