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2023
Flag → Flag
Exports $4.1MRnk 9 / 82
2023
Flag → Flag
Top Product $3.44MMolasses
2023
Flag → Flag
Exports $2.14MRnk 30 / 139
2023
Flag → Flag
Top Product $1.05MPackaged Medicaments
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

British Virgin Islands-Barbados Trade: In 2023, British Virgin Islands exported $4.1M to Barbados. The main products that British Virgin Islands exported to Barbados were Molasses ($3.44M), Iron Sheet Piling ($319k), and Alcohol > 80% ABV ($100k). Over the past 5 years the exports of British Virgin Islands to Barbados have increased at an annualized rate of 255%, from $7.31k in 2018 to $4.1M in 2023.

In 2023, British Virgin Islands did not export any services to Barbados.

Barbados-British Virgin Islands Trade: In 2023, Barbados exported $2.14M to British Virgin Islands. The main products that Barbados exported to British Virgin Islands were Packaged Medicaments ($1.05M), Hard Liquor ($283k), and Awnings, Tents, and Sails ($140k). Over the past 5 years the exports of Barbados to British Virgin Islands have decreased at an annualized rate of 11.4%,  from $3.94M in 2018 to $2.14M in 2023.

In 2023, Barbados did not export any services to British Virgin Islands.

Comparison In 2023,  British Virgin Islands ranked 178 in total exports ($281M). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, British Virgin Islands exported $4.1M to Barbados. The main products exported from British Virgin Islands to Barbados were Molasses ($3.44M), Iron Sheet Piling ($319k), and Alcohol > 80% ABV ($100k). During the last 5 years the exports of British Virgin Islands to Barbados have increased at an annualized rate of 255%, from $7.31k in 2018 to $4.1M in 2023.

In 2018, Barbados exported $2.14M to British Virgin Islands. The main products exported from Barbados to British Virgin Islands were Packaged Medicaments ($1.05M), Hard Liquor ($283k), and Awnings, Tents, and Sails ($140k). During the last 5 years the exports of Barbados to British Virgin Islands have decreased at an annualized rate of 11.4%, from $3.94M in 2023 to $2.14M in 2018.

Exports from British Virgin Islands (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to British Virgin Islands (Flag) (2023)

Latest Data

Trade between British Virgin Islands (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
British Virgin Islands
Top DestinationMalta$93.7M
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from British Virgin Islands than Barbados included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

In 2023, countries that imported more from Barbados than British Virgin Islands included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

Difference in imports from Barbados (Flag) and British Virgin Islands (Flag) (2023)

Comparative Advantage British Virgin Islands - Barbados

Flow
Scale

This chart compares trade between British Virgin Islands and Barbados by product, considering products traded by both, British Virgin Islands and Barbados.

During 2023, British Virgin Islands had a large net trade with Barbados in the exports of Foodstuffs ($3.54M), Metals ($336k), and Machines ($131k).

During 2018, Barbados had a large net trade with British Virgin Islands in the exports of Chemical Products ($1.42M), Foodstuffs ($484k), and Textiles ($142k).

Economic Complexity

Competitive Landscape

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

Product Space of British Virgin Islands (Flag) and Barbados (Flag) (2023)

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