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Pricing

2022
Flag → Flag
Exports $38kRnk 38 / 89
2022
Flag → Flag
Top Product $12.2kInsulated Wire
2022
Flag → Flag
Exports $524kRnk 44 / 139
2022
Flag → Flag
Top Product $157kMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 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 $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Bermuda-Barbados Trade: In 2022, Bermuda exported $38k to Barbados. The main products that Bermuda exported to Barbados were Insulated Wire ($12.2k), Cars ($11.6k), and Other Rubber Products ($2.4k). Over the past 5 years the exports of Bermuda to Barbados have decreased at an annualized rate of 10.6%, from $66.4k in 2017 to $38k in 2022.

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

Barbados-Bermuda Trade: In 2022, Barbados exported $524k to Bermuda. The main products that Barbados exported to Bermuda were Motor vehicles; parts and accessories (8701 to 8705) ($157k), Hard Liquor ($78.7k), and Pesticides ($48.2k). Over the past 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 27.2%,  from $2.56M in 2017 to $524k in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M). 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, Bermuda exported $38k to Barbados. The main products exported from Bermuda to Barbados were Insulated Wire ($12.2k), Cars ($11.6k), and Other Rubber Products ($2.4k). During the last 5 years the exports of Bermuda to Barbados have decreased at an annualized rate of 10.6%, from $66.4k in 2017 to $38k in 2022.

In 2017, Barbados exported $524k to Bermuda. The main products exported from Barbados to Bermuda were Motor vehicles; parts and accessories (8701 to 8705) ($157k), Hard Liquor ($78.7k), and Pesticides ($48.2k). During the last 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 27.2%, from $2.56M in 2022 to $524k in 2017.

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

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

Latest Data

Trade between Bermuda (Flag) and Barbados (Flag)

Bermuda Exports

Barbados Exports

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Barbados
Top DestinationUnited States$88.6M

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

In 2022, countries that imported more from Bermuda than Barbados included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

In 2022, countries that imported more from Barbados than Bermuda included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

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

Comparative Advantage Bermuda - Barbados

Flow
Scale

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

During 2022, Bermuda had a large net trade with Barbados in the exports of Machines ($16.4k), Transportation ($12.6k), and Plastics and Rubbers ($2.9k).

During 2017, Barbados had a large net trade with Bermuda in the exports of Transportation ($157k), Machines ($111k), and Foodstuffs ($110k).

Economic Complexity

Competitive Landscape

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

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

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