2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH
25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH
23.3%CURRENT US$
Rnk 93 / 195

About

Brazil-Barbados Trade: In 2023, Brazil exported $26.1M to Barbados. The main products that Brazil exported to Barbados were Refined Petroleum ($9.72M), Plywood ($1.93M), and Unglazed Ceramics ($1.32M). Over the past 5 years the exports of Brazil to Barbados have increased at an annualized rate of 6.64%, from $18.9M in 2018 to $26.1M in 2023.

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

Barbados-Brazil Trade: In 2023, Barbados exported $626k to Brazil. The main products that Barbados exported to Brazil were Scrap Plastic ($445k), Kaolin ($94k), and Other Plastic Products ($69.8k). Over the past 5 years the exports of Barbados to Brazil have increased at an annualized rate of 26.2%,  from $196k in 2018 to $626k in 2023.

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

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $26.1M to Barbados. The main products exported from Brazil to Barbados were Refined Petroleum ($9.72M), Plywood ($1.93M), and Unglazed Ceramics ($1.32M). During the last 5 years the exports of Brazil to Barbados have increased at an annualized rate of 6.64%, from $18.9M in 2018 to $26.1M in 2023.

In 2018, Barbados exported $626k to Brazil. The main products exported from Barbados to Brazil were Scrap Plastic ($445k), Kaolin ($94k), and Other Plastic Products ($69.8k). During the last 5 years the exports of Barbados to Brazil have increased at an annualized rate of 26.2%, from $196k in 2023 to $626k in 2018.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$106B
Barbados
Top Destination
United States$91M

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

In 2023, countries that imported more from Brazil than Barbados included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Barbados than Brazil included Saint Vincent and the Grenadines ($10.9M), Dominica ($7.2M), and Grenada ($13.4M).

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

Comparative Advantage Brazil - Barbados

Flow
Scale

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

During 2023, Brazil had a large net trade with Barbados in the exports of Mineral Products ($9.72M), Wood Products ($2.71M), and Machines ($2.36M).

During 2018, Barbados had a large net trade with Brazil in the exports of Plastics and Rubbers ($515k), Mineral Products ($94k), and Foodstuffs ($7.23k).

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Barbados (Flag) (2023)

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