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2022
Flag → Flag
Exports $280Rnk 123 / 126
2022
Flag → Flag
Top Product $280Other Animals
2022
Flag → Flag
Exports $20.5kRnk 101 / 139
2022
Flag → Flag
Top Product $19.8kPaper Labels
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Venezuela-Barbados Trade: In 2022, Venezuela exported $280 to Barbados. The main products that Venezuela exported to Barbados were Other Animals ($280). Over the past 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 57.2%, from $19.6k in 2017 to $280 in 2022.

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

Barbados-Venezuela Trade: In 2022, Barbados exported $20.5k to Venezuela. The main products that Barbados exported to Venezuela were Paper Labels ($19.8k), Hard Liquor ($384), and Jewellery ($297). Over the past 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 12.6%,  from $203k in 2017 to $20.5k in 2022.

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

Comparison In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87),  and 132 in total exports ($4.3B). 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, Venezuela exported $280 to Barbados. The main products exported from Venezuela to Barbados were Other Animals ($280). During the last 5 years the exports of Venezuela to Barbados have decreased at an annualized rate of 57.2%, from $19.6k in 2017 to $280 in 2022.

In 2017, Barbados exported $20.5k to Venezuela. The main products exported from Barbados to Venezuela were Paper Labels ($19.8k), Hard Liquor ($384), and Jewellery ($297). During the last 5 years the exports of Barbados to Venezuela have decreased at an annualized rate of 12.6%, from $203k in 2022 to $20.5k in 2017.

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

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

Latest Data

Trade between Venezuela (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Venezuela than Barbados included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Barbados than Venezuela included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Saint Lucia ($20.8M).

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

Comparative Advantage Venezuela - Barbados

Flow
Scale

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

During 2022, Venezuela had a large net trade with Barbados in the exports of Animal Products ($280).

During 2017, Barbados had a large net trade with Venezuela in the exports of Paper Goods ($19.8k), Foodstuffs ($384), and Precious Metals ($297).

Economic Complexity

Competitive Landscape

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

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

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