Mexico (MEX) and Barbados (BRB) Trade | OEC - The Observatory of Economic Complexity

About

Mexico-Barbados In 2021, Mexico exported $11.9M to Barbados. The main products that Mexico exported to Barbados are Molasses ($3.34M), Packaged Medicaments ($1.06M), and Glass Bottles ($584k). During the last 26 years the exports of Mexico to Barbados have increased at an annualized rate of 17.3%, from $189k in 1995 to $11.9M in 2021.

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

Barbados-Mexico In 2021, Barbados exported $164k to Mexico. The main products that Barbados exported to Mexico were Electrical Resistors ($139k), Shaving Products ($20.9k), and Medical Instruments ($1.49k). During the last 26 years the exports of Barbados to Mexico have increased at an annualized rate of 0.61%, from $140k in 1995 to $164k in 2021.

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

Comparison In 2021, Mexico ranked 23 in the Economic Complexity Index (ECI 1.09), and 12 in total exports ($474B). 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

Year

In 2021, Mexico exported $11.9M to Barbados. The main products exported from Mexico to Barbados were Molasses ($3.34M), Packaged Medicaments ($1.06M), and Glass Bottles ($584k). During the last 26 years the exports of Mexico to Barbados have increased at an annualized rate of 17.3%, from $189k in 1995 to $11.9M in 2021.

In 2021, Barbados exported $164k to Mexico. The main products exported from Barbados to Mexico were Electrical Resistors ($139k), Shaving Products ($20.9k), and Medical Instruments ($1.49k). During the last 26 years the exports of Barbados to Mexico have increased at an annualized rate of 0.61%, from $140k in 1995 to $164k in 2021.

Latest Data

Mexico Exports

Date

Barbados Exports

Date

Market Competitiveness

Color

SectionYear

Mexico
Top Destination: United States, $361B

Barbados
Top Destination: United States, $70.4M

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

In 2021, countries that imported more from Mexico than Barbados were United States ($361B), Canada ($17.4B), and China ($9.82B).

In 2021, countries that imported more from Barbados than Mexico were Saint Lucia ($17.3M), Antigua and Barbuda ($10.6M), and Grenada ($11.4M).

Comparative Advantage Mexico - Barbados

Flow

Scale

Year

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

During 2021, Mexico had a large net trade with Barbados in the exports of Foodstuffs ($3.93M), Machines ($2.62M), and Chemical Products ($2.54M).

During 2021, Barbados had a large net trade with Mexico in the exports of Machines ($140k), Chemical Products ($21.1k), and Instruments ($1.49k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Mexico Exports

Barbados Exports

Market Competitiveness

Comparative Advantage Mexico - Barbados

Economic Complexity

Competitive Landscape

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