2021
Flag  
GDP
$14.7BCURRENT US$
Rnk 128 / 204
2011-2021
Flag
GDP GROWTH
1.47%CURRENT US$
Rnk 165 / 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 
$5,184CURRENT US$
Rnk 118 / 204
2011-2021
Flag
GDP PC GROWTH
-1.45%CURRENT US$
Rnk 148 / 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

Jamaica-Barbados In 2021, Jamaica exported $24.9M to Barbados. The main products that Jamaica exported to Barbados are Refined Petroleum ($8.34M), Crude Petroleum ($1.76M), and Special purpose motor vehicles ($996k). During the last 25 years the exports of Jamaica to Barbados have increased at an annualized rate of 2.96%, from $12M in 1996 to $24.9M in 2021.

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

Barbados-Jamaica In 2021, Barbados exported $41.4M to Jamaica. The main products that Barbados exported to Jamaica were Refined Petroleum ($11.7M), Crude Petroleum ($6.09M), and Alcohol > 80% ABV ($4.12M). During the last 25 years the exports of Barbados to Jamaica have increased at an annualized rate of 3.2%, from $18.9M in 1996 to $41.4M in 2021.

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

Comparison In 2021,  Jamaica ranked 75 in the Economic Complexity Index (ECI -0.23),  and 153 in total exports ($1.55B). 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, Jamaica exported $24.9M to Barbados. The main products exported from Jamaica to Barbados were Refined Petroleum ($8.34M), Crude Petroleum ($1.76M), and Special purpose motor vehicles ($996k). During the last 25 years the exports of Jamaica to Barbados have increased at an annualized rate of 2.96%, from $12M in 1996 to $24.9M in 2021.

In 2021, Barbados exported $41.4M to Jamaica. The main products exported from Barbados to Jamaica were Refined Petroleum ($11.7M), Crude Petroleum ($6.09M), and Alcohol > 80% ABV ($4.12M). During the last 25 years the exports of Barbados to Jamaica have increased at an annualized rate of 3.2%, from $18.9M in 1996 to $41.4M in 2021.

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

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

Market Competitiveness

Color
Jamaica
Top Destination
United States$712M
Barbados
Top Destination
United States$70.4M

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

In 2021, countries that imported more from Jamaica than Barbados were United States ($712M), Netherlands ($135M), and Canada ($93.2M).

In 2021, countries that imported more from Barbados than Jamaica were Guyana ($28.8M), Italy ($23.2M), and Saint Lucia ($17.3M).

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

Comparative Advantage Jamaica - Barbados

Flow
Scale

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

During 2021, Jamaica had a large net trade with Barbados in the exports of Mineral Products ($10.4M), Foodstuffs ($5.61M), and Vegetable Products ($1.69M).

During 2021, Barbados had a large net trade with Jamaica in the exports of Mineral Products ($17.9M), Foodstuffs ($8.55M), and Chemical Products ($5.54M).

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

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

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