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2023
Flag → Flag
Exports $21.8kRnk 40 / 90
2023
Flag → Flag
Top Product $7.27kMicrophones and Headphones
2023
Flag → Flag
Exports $95.6kRnk 76 / 139
2023
Flag → Flag
Top Product $64.9kPesticides
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 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 $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Bermuda-Barbados Trade: In 2023, Bermuda exported $21.8k to Barbados. The main products that Bermuda exported to Barbados were Microphones and Headphones ($7.27k), Broadcasting Equipment ($7.21k), and Computers ($1.9k). Over the past 5 years the exports of Bermuda to Barbados have increased at an annualized rate of 4.88%, from $17.2k in 2018 to $21.8k in 2023.

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

Barbados-Bermuda Trade: In 2023, Barbados exported $95.6k to Bermuda. The main products that Barbados exported to Bermuda were Pesticides ($64.9k), Packaged Medicaments ($18.4k), and Shaving Products ($8.15k). Over the past 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 39.7%,  from $1.2M in 2018 to $95.6k in 2023.

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

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M). 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, Bermuda exported $21.8k to Barbados. The main products exported from Bermuda to Barbados were Microphones and Headphones ($7.27k), Broadcasting Equipment ($7.21k), and Computers ($1.9k). During the last 5 years the exports of Bermuda to Barbados have increased at an annualized rate of 4.88%, from $17.2k in 2018 to $21.8k in 2023.

In 2018, Barbados exported $95.6k to Bermuda. The main products exported from Barbados to Bermuda were Pesticides ($64.9k), Packaged Medicaments ($18.4k), and Shaving Products ($8.15k). During the last 5 years the exports of Barbados to Bermuda have decreased at an annualized rate of 39.7%, from $1.2M in 2023 to $95.6k in 2018.

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

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

Latest Data

Trade between Bermuda (Flag) and Barbados (Flag)

Bermuda Exports

Barbados Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Barbados
Top DestinationUnited States$91M

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 2023, countries that imported more from Bermuda than Barbados included Germany ($101M), South Africa ($96.3M), and Netherlands ($37.9M).

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

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

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 2023, Bermuda had a large net trade with Barbados in the exports of Machines ($18.1k), Textiles ($942), and Plastics and Rubbers ($784).

During 2018, Barbados had a large net trade with Bermuda in the exports of Chemical Products ($91.6k), Precious Metals ($2.3k), and Instruments ($922).

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) (2023)

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