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2019
Flag → Flag
Exports $126Rnk 96 / 0
2019
Flag → Flag
Exports $68.2kRnk 81 / 139
2019
Flag → Flag
Top Product $45.8kOrthopedic Appliances
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $8,053CURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Armenia-Barbados Trade: In 2019, Armenia exported $126 to Barbados. The main products that Armenia exported to Barbados were N/A. Over the past 10 years the exports of Armenia to Barbados have decreased at an annualized rate of 38.6%, from $16.5k in 2009 to $126 in 2019.

In 2019, Armenia did not export any services to Barbados.

Barbados-Armenia Trade: In 2019, Barbados exported $68.2k to Armenia. The main products that Barbados exported to Armenia were Orthopedic Appliances ($45.8k), Medical Instruments ($14.4k), and Synthetic Rubber ($7.35k). Over the past 10 years the exports of Barbados to Armenia have increased at an annualized rate of 11.1%,  from $40.2k in 2009 to $68.2k in 2019.

In 2019, Barbados did not export any services to Armenia.

Comparison In 2023,  Armenia ranked 57 in the Economic Complexity Index (ECI 0.094),  and 107 in total exports ($9.02B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Armenia exported $126 to Barbados. There were not main exports from Armenia to Barbados in 2019. During the last 10 years the exports of Armenia to Barbados have decreased at an annualized rate of 38.6%, from $16.5k in 2009 to $126 in 2019.

In 2018, Barbados exported $68.2k to Armenia. The main products exported from Barbados to Armenia were Orthopedic Appliances ($45.8k), Medical Instruments ($14.4k), and Synthetic Rubber ($7.35k). During the last 5 years the exports of Barbados to Armenia have increased at an annualized rate of 11.1%, from $40.2k in 2023 to $68.2k in 2018.

Exports from Armenia (Flag) to Barbados (Flag) (2023)

Exports from Barbados (Flag) to Armenia (Flag) (2023)

Latest Data

Trade between Armenia (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Armenia
Top DestinationRussia$3.38B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Armenia than Barbados included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Difference in imports from Barbados (Flag) and Armenia (Flag) (2023)

Comparative Advantage Armenia - Barbados

Flow
Scale

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

During 2019, Armenia had a large net trade with Barbados in the exports of .

During 2018, Barbados had a large net trade with Armenia in the exports of Instruments ($60.1k), Plastics and Rubbers ($7.35k), and Foodstuffs ($658).

Economic Complexity

Competitive Landscape

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

Product Space of Armenia (Flag) and Barbados (Flag) (2023)

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