Belgium (BEL) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Belgium-Barbados Trade: In 2023, Belgium exported $7.09M to Barbados. The main products that Belgium exported to Barbados were Eggs ($1.89M), Iron Blocks ($580k), and Other Frozen Vegetables ($574k). Over the past 5 years the exports of Belgium to Barbados have increased at an annualized rate of 7.36%, from $4.97M in 2018 to $7.09M in 2023.

In 2023, Belgium did not export any services to Barbados.

Barbados-Belgium Trade: In 2023, Barbados exported $97.5k to Belgium. The main products that Barbados exported to Belgium were Orthopedic Appliances ($89.4k), Hard Liquor ($3.33k), and Paintings ($1.3k). Over the past 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 39.6%, from $1.22M in 2018 to $97.5k in 2023.

In 2023, Barbados did not export any services to Belgium.

Comparison In 2023, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

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Overview In November 2024, Belgium exported €2.01M and imported €447 from Barbados, resulting in a positive trade balance of €2.01M. Between November 2023 and November 2024 the exports of Belgium have increased by €1.56M (347%) from €450k to €2.01M, while imports decreased by €-6.62k (-93.7%) from €7.07k to €447.

Trade In November 2024, the top exports of Belgium to Barbados were Preparations of vegetables, fruit, nuts or... (€111k), Glass & glassware (€93.9k), Pharmaceutical products (€5.77k), Paper articles (€3.79k), and Plastics & articles thereof (€3.15k). In November 2024 the top imports of Belgium from Barbados were Optical, photo, & film equipment; medical... (€5.53k) and Art & antiques (€457).

Growth In November 2024, the increase in Belgium's year-by-year exports to Barbados was explained primarily by an increase in product exports in Glass & glassware (€93.8k or 75k%), Preparations of vegetables, fruit, nuts or... (€63.7k or 133%), and Pharmaceutical products (€5.52k or 2.25k%). In November 2024, the decrease in Belgium's year-by-year imports from Barbados was explained primarily by an decrease in product imports in Optical, photo, & film equipment; medical... (€-3.38k or -37.9%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Belgium exported $7.09M to Barbados. The main products exported from Belgium to Barbados were Eggs ($1.89M), Iron Blocks ($580k), and Other Frozen Vegetables ($574k). During the last 5 years the exports of Belgium to Barbados have increased at an annualized rate of 7.36%, from $4.97M in 2018 to $7.09M in 2023.

In 2018, Barbados exported $97.5k to Belgium. The main products exported from Barbados to Belgium were Orthopedic Appliances ($89.4k), Hard Liquor ($3.33k), and Paintings ($1.3k). During the last 5 years the exports of Barbados to Belgium have decreased at an annualized rate of 39.6%, from $1.22M in 2023 to $97.5k in 2018.

Exports from Belgium () to Barbados () (2023)

Exports from Barbados () to Belgium () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belgium
Top DestinationFrance$85.6B

Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Belgium than Barbados included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Barbados than Belgium included Jamaica ($71.2M), Saint Lucia ($19.5M), and Grenada ($13.4M).

Difference in imports from Barbados () and Belgium () (2023)

Comparative Advantage Belgium - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Belgium had a large net trade with Barbados in the exports of Animal Products ($1.9M), Metals ($1.4M), and Foodstuffs ($1.09M).

During 2018, Barbados had a large net trade with Belgium in the exports of Instruments ($89.9k), Foodstuffs ($3.55k), and Arts and Antiques ($1.3k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Barbados () (2023)

Exports from Barbados () to Belgium () (2023)

Market Competitiveness

Difference in imports from Barbados () and Belgium () (2023)

Comparative Advantage Belgium - Barbados

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Barbados () (2023)

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Belgium () to Barbados () (2023)

Exports from Barbados () to Belgium () (2023)

Market Competitiveness

Difference in imports from Barbados () and Belgium () (2023)

Comparative Advantage Belgium - Barbados

Economic Complexity

Competitive Landscape

Product Space of Belgium () and Barbados () (2023)

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