2021
Flag  
GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 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 
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 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

Italy-Barbados In 2021, Italy exported $14.1M to Barbados. The main products that Italy exported to Barbados are Wine ($1.74M), Laboratory Reagents ($1.09M), and Refrigerators ($917k). During the last 26 years the exports of Italy to Barbados have increased at an annualized rate of 3.92%, from $5.17M in 1995 to $14.1M in 2021.

In 2021, Italy did not export any services to Barbados.

Barbados-Italy In 2021, Barbados exported $23.2M to Italy. The main products that Barbados exported to Italy were Passenger and Cargo Ships ($22.5M), Hard Liquor ($216k), and Railway Cargo Containers ($136k). During the last 26 years the exports of Barbados to Italy have increased at an annualized rate of 18%, from $311k in 1995 to $23.2M in 2021.

In 2021, Barbados did not export any services to Italy.

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27),  and 7 in total exports ($597B). 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, Italy exported $14.1M to Barbados. The main products exported from Italy to Barbados were Wine ($1.74M), Laboratory Reagents ($1.09M), and Refrigerators ($917k). During the last 26 years the exports of Italy to Barbados have increased at an annualized rate of 3.92%, from $5.17M in 1995 to $14.1M in 2021.

In 2021, Barbados exported $23.2M to Italy. The main products exported from Barbados to Italy were Passenger and Cargo Ships ($22.5M), Hard Liquor ($216k), and Railway Cargo Containers ($136k). During the last 26 years the exports of Barbados to Italy have increased at an annualized rate of 18%, from $311k in 1995 to $23.2M in 2021.

Exports from Italy (Flag) to Barbados (Flag) (2021)

Exports from Barbados (Flag) to Italy (Flag) (2021)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.4B
Barbados
Top Destination
United States$70.4M

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

In 2021, countries that imported more from Italy than Barbados were Germany ($78.4B), France ($61.6B), and United States ($58.1B).

In 2021, countries that imported more from Barbados than Italy were Saint Lucia ($17.3M), Grenada ($11.4M), and Saint Kitts and Nevis ($5.89M).

Difference in imports from Barbados (Flag) and Italy (Flag) (2021)

Comparative Advantage Italy - Barbados

Flow
Scale

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

During 2021, Italy had a large net trade with Barbados in the exports of Foodstuffs ($3.58M), Machines ($3.42M), and Chemical Products ($1.42M).

During 2021, Barbados had a large net trade with Italy in the exports of Transportation ($22.6M), Foodstuffs ($229k), and Textiles ($127k).

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 Italy has comparative advantage over Barbados. Similarly, the more yellow a dot/product is, the more Barbados has comparative advantage over Italy.

Product Space of Italy (Flag) and Barbados (Flag) (2021)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with