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2023
Flag → Flag
Exports $123MRnk 22 / 147
2023
Flag → Flag
Top Product $93.4MCrude Petroleum
2023
Flag → Flag
Exports $24.6MRnk 5 / 139
2023
Flag → Flag
Top Product $4.69MGravel and Crushed Stone
2023
Flag  
GDP$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH312%CURRENT US$
Rnk 1 / 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 $20,765CURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP PC GROWTH274%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Guyana-Barbados Trade: In 2023, Guyana exported $123M to Barbados. The main products that Guyana exported to Barbados were Crude Petroleum ($93.4M), Railway Cargo Containers ($17.9M), and Rice ($2M). Over the past 5 years the exports of Guyana to Barbados have increased at an annualized rate of 59.8%, from $11.8M in 2018 to $123M in 2023.

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

Barbados-Guyana Trade: In 2023, Barbados exported $24.6M to Guyana. The main products that Barbados exported to Guyana were Gravel and Crushed Stone ($4.69M), Wheat Flours ($3.79M), and Baked Goods ($1.98M). Over the past 5 years the exports of Barbados to Guyana have decreased at an annualized rate of 0.8%,  from $27.5M in 2018 to $24.6M in 2023.

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

Comparison In 2023,  Guyana ranked 84 in total exports ($17.4B). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guyana exported $123M to Barbados. The main products exported from Guyana to Barbados were Crude Petroleum ($93.4M), Railway Cargo Containers ($17.9M), and Rice ($2M). During the last 5 years the exports of Guyana to Barbados have increased at an annualized rate of 59.8%, from $11.8M in 2018 to $123M in 2023.

In 2018, Barbados exported $24.6M to Guyana. The main products exported from Barbados to Guyana were Gravel and Crushed Stone ($4.69M), Wheat Flours ($3.79M), and Baked Goods ($1.98M). During the last 5 years the exports of Barbados to Guyana have decreased at an annualized rate of 0.8%, from $27.5M in 2023 to $24.6M in 2018.

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

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

Latest Data

Trade between Guyana (Flag) and Barbados (Flag)

Guyana Exports

Barbados Exports

Market Competitiveness

Color
Guyana
Top DestinationUnited States$3.51B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Guyana than Barbados included United States ($3.51B), Trinidad and Tobago ($1.9B), and Netherlands ($1.82B).

In 2023, countries that imported more from Barbados than Guyana included Grenada ($13.4M), Antigua and Barbuda ($9.33M), and Jamaica ($71.2M).

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

Comparative Advantage Guyana - Barbados

Flow
Scale

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

During 2023, Guyana had a large net trade with Barbados in the exports of Mineral Products ($94.9M), Transportation ($18M), and Vegetable Products ($2.7M).

During 2018, Barbados had a large net trade with Guyana in the exports of Mineral Products ($8.16M), Foodstuffs ($4.34M), and Vegetable Products ($4.01M).

Economic Complexity

Competitive Landscape

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

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

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