2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186

About

Bolivia-Barbados Trade: In 2022, Bolivia exported $34.7k to Barbados. The main products that Bolivia exported to Barbados were Sawn Wood ($34.7k). Over the past 7 years the exports of Bolivia to Barbados have increased at an annualized rate of 31.7%, from $5.06k in 2015 to $34.7k in 2022.

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

Barbados-Bolivia Trade: In 2022, Barbados exported $630 to Bolivia. The main products that Barbados exported to Bolivia were Amine Compounds ($568) and Motor vehicles; parts and accessories (8701 to 8705) ($62). Over the past 7 years the exports of Barbados to Bolivia have increased at an annualized rate of 20.1%,  from $252 in 2015 to $630 in 2022.

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

Comparison In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85),  and 93 in total exports ($13.8B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bolivia exported $34.7k to Barbados. The main products exported from Bolivia to Barbados were Sawn Wood ($34.7k). During the last 7 years the exports of Bolivia to Barbados have increased at an annualized rate of 31.7%, from $5.06k in 2015 to $34.7k in 2022.

In 2017, Barbados exported $630 to Bolivia. The main products exported from Barbados to Bolivia were Amine Compounds ($568) and Motor vehicles; parts and accessories (8701 to 8705) ($62). During the last 5 years the exports of Barbados to Bolivia have increased at an annualized rate of 20.1%, from $252 in 2022 to $630 in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Barbados
Top Destination
United States$88.6M

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

In 2022, countries that imported more from Bolivia than Barbados included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Barbados than Bolivia included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Bolivia - Barbados

Flow
Scale

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

During 2022, Bolivia had a large net trade with Barbados in the exports of Wood Products ($34.7k).

During 2017, Barbados had a large net trade with Bolivia in the exports of Chemical Products ($568) and Transportation ($62).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with