2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 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 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 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

Russia-Barbados Trade: In 2022, Russia exported $54.7k to Barbados. The main products that Russia exported to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). Over the past 5 years the exports of Russia to Barbados have decreased at an annualized rate of 24.3%, from $220k in 2017 to $54.7k in 2022.

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Barbados-Russia Trade: In 2022, Barbados exported $1.18k to Russia. The main products that Barbados exported to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). Over the past 5 years the exports of Barbados to Russia have decreased at an annualized rate of 71.8%,  from $666k in 2017 to $1.18k in 2022.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). 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, Russia exported $54.7k to Barbados. The main products exported from Russia to Barbados were Plywood ($43.5k), Rubberworking Machinery ($7.96k), and Other Office Machines ($1.35k). During the last 5 years the exports of Russia to Barbados have decreased at an annualized rate of 24.3%, from $220k in 2017 to $54.7k in 2022.

In 2017, Barbados exported $1.18k to Russia. The main products exported from Barbados to Russia were Jewellery ($993), Base Metal Watches ($116), and Microphones and Headphones ($33). During the last 5 years the exports of Barbados to Russia have decreased at an annualized rate of 71.8%, from $666k in 2022 to $1.18k in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Russia than Barbados included China ($101B), India ($40.4B), and Germany ($27.7B).

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

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

Comparative Advantage Russia - Barbados

Flow
Scale

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

During 2022, Russia had a large net trade with Barbados in the exports of Wood Products ($43.5k), Machines ($10.3k), and Animal Products ($670).

During 2017, Barbados had a large net trade with Russia in the exports of Precious Metals ($993), Instruments ($148), and Machines ($39).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Barbados+N/AN/A
Top Product Potential Barbados Russia+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

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

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