2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
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 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 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

Philippines-Barbados Trade: In 2022, Philippines exported $134k to Barbados. The main products that Philippines exported to Barbados were Other Processed Fruits and Nuts ($121k), Sowing Seeds ($4.01k), and Electrical Transformers ($3.5k). Over the past 5 years the exports of Philippines to Barbados have decreased at an annualized rate of 32.3%, from $944k in 2017 to $134k in 2022.

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

Barbados-Philippines Trade: In 2022, Barbados exported $501 to Philippines. The main products that Barbados exported to Philippines were Knit Babies' Garments ($281), Hard Liquor ($118), and Jewellery ($98). Over the past 5 years the exports of Barbados to Philippines have decreased at an annualized rate of 42.5%,  from $41.7k in 2017 to $501 in 2022.

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

Comparison In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71),  and 40 in total exports ($110B). 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, Philippines exported $134k to Barbados. The main products exported from Philippines to Barbados were Other Processed Fruits and Nuts ($121k), Sowing Seeds ($4.01k), and Electrical Transformers ($3.5k). During the last 5 years the exports of Philippines to Barbados have decreased at an annualized rate of 32.3%, from $944k in 2017 to $134k in 2022.

In 2017, Barbados exported $501 to Philippines. The main products exported from Barbados to Philippines were Knit Babies' Garments ($281), Hard Liquor ($118), and Jewellery ($98). During the last 5 years the exports of Barbados to Philippines have decreased at an annualized rate of 42.5%, from $41.7k in 2022 to $501 in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Philippines than Barbados included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Barbados than Philippines included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Philippines - Barbados

Flow
Scale

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

During 2022, Philippines had a large net trade with Barbados in the exports of Foodstuffs ($121k), Machines ($6.54k), and Vegetable Products ($4.01k).

During 2017, Barbados had a large net trade with Philippines in the exports of Textiles ($281), Foodstuffs ($118), and Precious Metals ($98).

Economic Complexity

Competitive Landscape

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

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

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