Uruguay (URY) and Barbados (BRB) Trade | The Observatory of Economic Complexity

About

Uruguay-Barbados Trade: In 2022, Uruguay exported $3.56M to Barbados. The main products that Uruguay exported to Barbados were Frozen Bovine Meat ($3.04M), Padlocks ($222k), and Bovine Meat ($98.5k). Over the past 5 years the exports of Uruguay to Barbados have decreased at an annualized rate of 6.19%, from $4.9M in 2017 to $3.56M in 2022.

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

Barbados-Uruguay Trade: In 2022, Barbados exported $10.2k to Uruguay. The main products that Barbados exported to Uruguay were Railway Cargo Containers ($8.98k), Centrifuges ($1.09k), and Knit Men's Undergarments ($177). Over the past 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 22.6%, from $132k in 2017 to $10.2k in 2022.

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

Comparison In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $3.56M to Barbados. The main products exported from Uruguay to Barbados were Frozen Bovine Meat ($3.04M), Padlocks ($222k), and Bovine Meat ($98.5k). During the last 5 years the exports of Uruguay to Barbados have decreased at an annualized rate of 6.19%, from $4.9M in 2017 to $3.56M in 2022.

In 2017, Barbados exported $10.2k to Uruguay. The main products exported from Barbados to Uruguay were Railway Cargo Containers ($8.98k), Centrifuges ($1.09k), and Knit Men's Undergarments ($177). During the last 5 years the exports of Barbados to Uruguay have decreased at an annualized rate of 22.6%, from $132k in 2022 to $10.2k in 2017.

Exports from Uruguay () to Barbados () (2022)

Exports from Barbados () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Barbados ()

Uruguay Exports

Date

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Uruguay than Barbados included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

In 2022, countries that imported more from Barbados than Uruguay included Guyana ($29.7M), Saint Lucia ($20.8M), and Trinidad and Tobago ($33.8M).

Difference in imports from Barbados () and Uruguay () (2022)

Comparative Advantage Uruguay - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Barbados in the exports of Animal Products ($3.14M), Metals ($222k), and Chemical Products ($129k).

During 2017, Barbados had a large net trade with Uruguay in the exports of Transportation ($8.98k), Machines ($1.09k), and Textiles ($177).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Barbados () (2022)

Exports from Barbados () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Barbados ()

Uruguay Exports

Barbados Exports

Market Competitiveness

Difference in imports from Barbados () and Uruguay () (2022)

Comparative Advantage Uruguay - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Barbados () (2022)

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