Flag United Kingdom / Barbados Flag

2020
FlagFlag
Exports
: $68.8M, Rnk 108 / 221

2020
FlagFlag
Top Product
: $2.95M, Cars

2020
FlagFlag
Exports
: $12.2M, Rnk 8 / 143

2020
FlagFlag
Top Product
: $4.43M, Recreational Boats

2020
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 127

2020
Flag  
GDP
: $2.76T, CURRENT US$
Rnk 5 / 204

2010-2020
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GDP GROWTH
: 10.7%, CURRENT US$
Rnk 139 / 204

2020
Flag
 GDP
: $4.69B, CURRENT US$
Rnk 160 / 204

2010-2020
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GDP GROWTH
: 3.52%, CURRENT US$
Rnk 154 / 204

2020
Flag
GDP PC 
: $41,098, CURRENT US$
Rnk 27 / 204

2010-2020
Flag
GDP PC GROWTH
: 3.55%, CURRENT US$
Rnk 127 / 204

2020
Flag
GDP PC
: $16,319, CURRENT US$
Rnk 59 / 204

2010-2020
Flag
GDP PC GROWTH
: 1.64%, CURRENT US$
Rnk 132 / 204

United Kingdom-Barbados In 2020, United Kingdom exported $68.8M to Barbados. The main products that United Kingdom exported to Barbados are Cars ($2.95M), Other Edible Preparations ($2.35M), and Brochures ($2.2M). During the last 25 years the exports of United Kingdom to Barbados have increased at an annualized rate of 0.82%, from $56.1M in 1995 to $68.8M in 2020.

In 2020, United Kingdom did not export any services to Barbados.

Barbados-United Kingdom In 2020, Barbados exported $12.2M to United Kingdom. The main products that Barbados exported to United Kingdom were Recreational Boats ($4.43M), Hard Liquor ($2.03M), and Electrical Resistors ($1.55M). During the last 25 years the exports of Barbados to United Kingdom have decreased at an annualized rate of 4.17%, from $35.3M in 1995 to $12.2M in 2020.

In 2020, Barbados did not export any services to United Kingdom.

Comparison In 2020,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.42),  and 11 in total exports ($371B). That same year, Barbados ranked 172 in total exports ($330M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, United Kingdom exported $68.8M to Barbados. The main products exported from United Kingdom to Barbados were Cars ($2.95M), Other Edible Preparations ($2.35M), and Brochures ($2.2M). During the last 25 years the exports of United Kingdom to Barbados have increased at an annualized rate of 0.82%, from $56.1M in 1995 to $68.8M in 2020.

In 2020, Barbados exported $12.2M to United Kingdom. The main products exported from Barbados to United Kingdom were Recreational Boats ($4.43M), Hard Liquor ($2.03M), and Electrical Resistors ($1.55M). During the last 25 years the exports of Barbados to United Kingdom have decreased at an annualized rate of 4.17%, from $35.3M in 1995 to $12.2M in 2020.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $51.7B

Barbados
Top Destination
: United States, $50.9M

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

In 2019, countries that imported more from United Kingdom than Barbados were United States ($51.7B), Germany ($39.9B), and Ireland ($26.8B).

In 2019, countries that imported more from Barbados than United Kingdom were North Korea ($118k).

Comparative Advantage United Kingdom - Barbados

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Flow

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

During 2020, United Kingdom had a large net trade with Barbados in the exports of Machines ($15.1M), Foodstuffs ($9.92M), and Transportation ($7.82M).

During 2020, Barbados had a large net trade with United Kingdom in the exports of Transportation ($4.76M), Foodstuffs ($3.03M), and Machines ($2.64M).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Barbados. Similarly, the more yellow a dot/product is, the more Barbados has comparative advantage over United Kingdom.