2022
Flag
 GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186

About

Montserrat-Barbados In 2022, Montserrat exported $1.61k to Barbados. The main products that Montserrat exported to Barbados are Excavation Machinery ($903), Non-Knit Men's Undergarments ($313), and Non-Knit Babies' Garments ($234). During the last 23 years the exports of Montserrat to Barbados have decreased at an annualized rate of 9.12%, from $14.6k in 1999 to $1.61k in 2022.

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

Barbados-Montserrat In 2022, Barbados exported $369k to Montserrat. The main products that Barbados exported to Montserrat were Packaged Medicaments ($131k), Pesticides ($29.3k), and Refrigerators ($23.8k). During the last 23 years the exports of Barbados to Montserrat have decreased at an annualized rate of 1.25%, from $493k in 1999 to $369k in 2022.

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

Comparison In 2022,  Montserrat ranked 220 in total exports ($6.58M). That same year, Barbados ranked 176 in total exports ($393M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montserrat exported $1.61k to Barbados. The main products exported from Montserrat to Barbados were Excavation Machinery ($903), Non-Knit Men's Undergarments ($313), and Non-Knit Babies' Garments ($234). During the last 23 years the exports of Montserrat to Barbados have decreased at an annualized rate of 9.12%, from $14.6k in 1999 to $1.61k in 2022.

In 2022, Barbados exported $369k to Montserrat. The main products exported from Barbados to Montserrat were Packaged Medicaments ($131k), Pesticides ($29.3k), and Refrigerators ($23.8k). During the last 25 years the exports of Barbados to Montserrat have decreased at an annualized rate of 1.25%, from $493k in 1997 to $369k in 2022.

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

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

Latest Data

Trade between Montserrat (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Montserrat
Top Destination
United States$1.54M
Barbados
Top Destination
United States$88.6M

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

In 2021, countries that imported more from Montserrat than Barbados were Ireland ($985k), Egypt ($36.9k), and Romania ($29.4k).

In 2021, countries that imported more from Barbados than Montserrat were United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

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

Comparative Advantage Montserrat - Barbados

Flow
Scale

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

During 2022, Montserrat had a large net trade with Barbados in the exports of Machines ($903), Textiles ($547), and Foodstuffs ($93).

During 2022, Barbados had a large net trade with Montserrat in the exports of Chemical Products ($179k), Foodstuffs ($72.2k), and Mineral Products ($35.5k).

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

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

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