2021
Flag  
GDP
$3.12TCURRENT US$
Rnk 6 / 204
2011-2021
Flag
GDP GROWTH
17.1%CURRENT US$
Rnk 124 / 204
2021
Flag
 GDP
$4.84BCURRENT US$
Rnk 161 / 204
2011-2021
Flag
GDP GROWTH
4%CURRENT US$
Rnk 156 / 204
2021
Flag
GDP PC 
$46,586CURRENT US$
Rnk 29 / 204
2011-2021
Flag
GDP PC GROWTH
10.5%CURRENT US$
Rnk 114 / 204
2021
Flag
GDP PC
$17,225CURRENT US$
Rnk 67 / 204
2011-2021
Flag
GDP PC GROWTH
1.88%CURRENT US$
Rnk 138 / 204

About

United Kingdom-Barbados In 2021, United Kingdom exported $74.9M to Barbados. The main products that United Kingdom exported to Barbados are Concentrated Milk ($4.22M), Other Edible Preparations ($3.23M), and Raw Sugar ($2.82M). During the last 26 years the exports of United Kingdom to Barbados have increased at an annualized rate of 1.12%, from $56.1M in 1995 to $74.9M in 2021.

In 2021, United Kingdom did not export any services to Barbados.

Barbados-United Kingdom In 2021, Barbados exported $4.69M to United Kingdom. The main products that Barbados exported to United Kingdom were Hard Liquor ($1.37M), Video Recording Equipment ($280k), and Pulley Systems ($224k). During the last 26 years the exports of Barbados to United Kingdom have decreased at an annualized rate of 7.47%, from $35.3M in 1995 to $4.69M in 2021.

In 2021, Barbados did not export any services to United Kingdom.

Comparison In 2021,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43),  and 13 in total exports ($420B). That same year, Barbados ranked 171 in total exports ($357M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, United Kingdom exported $74.9M to Barbados. The main products exported from United Kingdom to Barbados were Concentrated Milk ($4.22M), Other Edible Preparations ($3.23M), and Raw Sugar ($2.82M). During the last 26 years the exports of United Kingdom to Barbados have increased at an annualized rate of 1.12%, from $56.1M in 1995 to $74.9M in 2021.

In 2021, Barbados exported $4.69M to United Kingdom. The main products exported from Barbados to United Kingdom were Hard Liquor ($1.37M), Video Recording Equipment ($280k), and Pulley Systems ($224k). During the last 26 years the exports of Barbados to United Kingdom have decreased at an annualized rate of 7.47%, from $35.3M in 1995 to $4.69M in 2021.

Exports from United Kingdom (Flag) to Barbados (Flag) (2021)

Exports from Barbados (Flag) to United Kingdom (Flag) (2021)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$56.1B
Barbados
Top Destination
United States$70.4M

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 2021, countries that imported more from United Kingdom than Barbados were United States ($56.1B), Germany ($39.5B), and Netherlands ($34.6B).

In 2021, countries that imported more from Barbados than United Kingdom were North Korea ($198k).

Difference in imports from Barbados (Flag) and United Kingdom (Flag) (2021)

Comparative Advantage United Kingdom - Barbados

Flow
Scale

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

During 2021, United Kingdom had a large net trade with Barbados in the exports of Machines ($12.9M), Foodstuffs ($12.9M), and Animal Products ($7.96M).

During 2021, Barbados had a large net trade with United Kingdom in the exports of Foodstuffs ($2.14M), Machines ($1.23M), and Instruments ($505k).

Economic Complexity

Competitive Landscape

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.

Product Space of United Kingdom (Flag) and Barbados (Flag) (2021)

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