2021
Flag  
GDP
$24.5BCURRENT US$
Rnk 109 / 204
2011-2021
Flag
GDP GROWTH
-3.82%CURRENT US$
Rnk 178 / 204
2021
Flag
 GDP
$4.84BCURRENT US$
Rnk 161 / 204
2011-2021
Flag
GDP GROWTH
4%CURRENT US$
Rnk 156 / 204
2021
Flag
GDP PC 
$16,033CURRENT US$
Rnk 70 / 204
2011-2021
Flag
GDP PC GROWTH
-10.5%CURRENT US$
Rnk 167 / 204
2021
Flag
GDP PC
$17,225CURRENT US$
Rnk 67 / 204
2011-2021
Flag
GDP PC GROWTH
1.88%CURRENT US$
Rnk 138 / 204

About

Trinidad and Tobago-Barbados In 2021, Trinidad and Tobago exported $126M to Barbados. The main products that Trinidad and Tobago exported to Barbados are Refined Petroleum ($32.6M), Petroleum Gas ($6.26M), and Flavored Water ($5.79M). During the last 26 years the exports of Trinidad and Tobago to Barbados have increased at an annualized rate of 1.93%, from $76.7M in 1995 to $126M in 2021.

In 2021, Trinidad and Tobago did not export any services to Barbados.

Barbados-Trinidad and Tobago In 2021, Barbados exported $26.4M to Trinidad and Tobago. The main products that Barbados exported to Trinidad and Tobago were Margarine ($5.13M), Pesticides ($4.35M), and Aluminium Cans ($2.86M). During the last 26 years the exports of Barbados to Trinidad and Tobago have increased at an annualized rate of 3.24%, from $11.5M in 1995 to $26.4M in 2021.

In 2021, Barbados did not export any services to Trinidad and Tobago.

Comparison In 2021,  Trinidad and Tobago ranked 96 in total exports ($9.86B). That same year, Barbados ranked 171 in total exports ($357M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Trinidad and Tobago exported $126M to Barbados. The main products exported from Trinidad and Tobago to Barbados were Refined Petroleum ($32.6M), Petroleum Gas ($6.26M), and Flavored Water ($5.79M). During the last 26 years the exports of Trinidad and Tobago to Barbados have increased at an annualized rate of 1.93%, from $76.7M in 1995 to $126M in 2021.

In 2021, Barbados exported $26.4M to Trinidad and Tobago. The main products exported from Barbados to Trinidad and Tobago were Margarine ($5.13M), Pesticides ($4.35M), and Aluminium Cans ($2.86M). During the last 26 years the exports of Barbados to Trinidad and Tobago have increased at an annualized rate of 3.24%, from $11.5M in 1995 to $26.4M in 2021.

Exports from Trinidad and Tobago (Flag) to Barbados (Flag) (2021)

Exports from Barbados (Flag) to Trinidad and Tobago (Flag) (2021)

Latest Data

Trade between Trinidad and Tobago (Flag) and Barbados (Flag)

Trinidad and Tobago Exports

Barbados Exports

Market Competitiveness

Color
Trinidad and Tobago
Top Destination
United States$3.63B
Barbados
Top Destination
United States$70.4M

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

In 2021, countries that imported more from Trinidad and Tobago than Barbados were United States ($3.63B), Guyana ($580M), and China ($523M).

In 2021, countries that imported more from Barbados than Trinidad and Tobago were Poland ($3.04M), Bahamas ($3.63M), and Czechia ($1.97M).

Difference in imports from Barbados (Flag) and Trinidad and Tobago (Flag) (2021)

Comparative Advantage Trinidad and Tobago - Barbados

Flow
Scale

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

During 2021, Trinidad and Tobago had a large net trade with Barbados in the exports of Mineral Products ($39.8M), Foodstuffs ($36.4M), and Metals ($8.58M).

During 2021, Barbados had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($7.9M), Animal and Vegetable Bi-Products ($6.03M), and Foodstuffs ($3.59M).

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

Product Space of Trinidad and Tobago (Flag) and Barbados (Flag) (2021)

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