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2022
Flag → Flag
Exports $13.6MRnk 104 / 156
2022
Flag → Flag
Top Product $1.01MPlastic Pipes
2022
Flag → Flag
Exports $248kRnk 60 / 139
2022
Flag → Flag
Top Product $231kShaving Products
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Mexico-Barbados Trade: In 2022, Mexico exported $13.6M to Barbados. The main products that Mexico exported to Barbados were Plastic Pipes ($1.01M), Insulated Wire ($913k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($706k). Over the past 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 11.9%, from $25.7M in 2017 to $13.6M in 2022.

In 2022, Mexico did not export any services to Barbados.

Barbados-Mexico Trade: In 2022, Barbados exported $248k to Mexico. The main products that Barbados exported to Mexico were Shaving Products ($231k), Electrical Resistors ($10.6k), and Orthopedic Appliances ($6k). Over the past 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 8.75%,  from $516k in 2017 to $248k in 2022.

In 2022, Barbados did not export any services to Mexico.

Comparison In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08),  and 10 in total exports ($549B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $13.6M to Barbados. The main products exported from Mexico to Barbados were Plastic Pipes ($1.01M), Insulated Wire ($913k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($706k). During the last 5 years the exports of Mexico to Barbados have decreased at an annualized rate of 11.9%, from $25.7M in 2017 to $13.6M in 2022.

In 2017, Barbados exported $248k to Mexico. The main products exported from Barbados to Mexico were Shaving Products ($231k), Electrical Resistors ($10.6k), and Orthopedic Appliances ($6k). During the last 5 years the exports of Barbados to Mexico have decreased at an annualized rate of 8.75%, from $516k in 2022 to $248k in 2017.

Exports from Mexico (Flag) to Barbados (Flag) (2022)

Exports from Barbados (Flag) to Mexico (Flag) (2022)

Latest Data

Trade between Mexico (Flag) and Barbados (Flag)

Mexico Exports

Barbados Exports

Market Competitiveness

Color
Mexico
Top DestinationUnited States$421B
Barbados
Top DestinationUnited States$88.6M

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 2022, countries that imported more from Mexico than Barbados included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Barbados than Mexico included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

Difference in imports from Barbados (Flag) and Mexico (Flag) (2022)

Comparative Advantage Mexico - Barbados

Flow
Scale

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

During 2022, Mexico had a large net trade with Barbados in the exports of Machines ($4.97M), Chemical Products ($3.04M), and Plastics and Rubbers ($1.73M).

During 2017, Barbados had a large net trade with Mexico in the exports of Chemical Products ($231k), Machines ($10.6k), and Instruments ($6.3k).

Economic Complexity

Competitive Landscape

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

Product Space of Mexico (Flag) and Barbados (Flag) (2022)

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