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Pricing

2022
Flag → Flag
Exports $3.37MRnk 19 / 128
2022
Flag → Flag
Top Product $1.2MHard Liquor
2022
Flag → Flag
Exports $2.02MRnk 23 / 139
2022
Flag → Flag
Top Product $878kAluminium Structures
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Belize-Barbados Trade: In 2022, Belize exported $3.37M to Barbados. The main products that Belize exported to Barbados were Hard Liquor ($1.2M), Fruit Juice ($1.18M), and Toilet Paper ($253k). Over the past 5 years the exports of Belize to Barbados have decreased at an annualized rate of 23.9%, from $13.2M in 2017 to $3.37M in 2022.

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

Barbados-Belize Trade: In 2022, Barbados exported $2.02M to Belize. The main products that Barbados exported to Belize were Aluminium Structures ($878k), Pesticides ($220k), and Baked Goods ($172k). Over the past 5 years the exports of Barbados to Belize have increased at an annualized rate of 2.62%,  from $1.77M in 2017 to $2.02M in 2022.

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

Comparison In 2022,  Belize ranked 175 in total exports ($399M). That same year, Barbados ranked 176 in total exports ($393M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $3.37M to Barbados. The main products exported from Belize to Barbados were Hard Liquor ($1.2M), Fruit Juice ($1.18M), and Toilet Paper ($253k). During the last 5 years the exports of Belize to Barbados have decreased at an annualized rate of 23.9%, from $13.2M in 2017 to $3.37M in 2022.

In 2017, Barbados exported $2.02M to Belize. The main products exported from Barbados to Belize were Aluminium Structures ($878k), Pesticides ($220k), and Baked Goods ($172k). During the last 5 years the exports of Barbados to Belize have increased at an annualized rate of 2.62%, from $1.77M in 2022 to $2.02M in 2017.

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

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

Latest Data

Trade between Belize (Flag) and Barbados (Flag)

Belize Exports

Barbados Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Belize than Barbados included United Kingdom ($64.3M), Guatemala ($39.2M), and Spain ($28.7M).

In 2022, countries that imported more from Barbados than Belize included Jamaica ($43.3M), Guyana ($29.7M), and Poland ($23.1M).

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

Comparative Advantage Belize - Barbados

Flow
Scale

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

During 2022, Belize had a large net trade with Barbados in the exports of Foodstuffs ($2.66M), Paper Goods ($253k), and Animal Products ($247k).

During 2017, Barbados had a large net trade with Belize in the exports of Metals ($887k), Chemical Products ($449k), and Plastics and Rubbers ($229k).

Economic Complexity

Competitive Landscape

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

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

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