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2022
Flag → Flag
Exports $278kRnk 57 / 139
2022
Flag → Flag
Top Product $121kHard Liquor
2022
Flag → Flag
Exports $4.83MRnk 148 / 213
2022
Flag → Flag
Top Product $2.32MSheep and Goat Meat
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Barbados-Australia Trade: In 2022, Barbados exported $278k to Australia. The main products that Barbados exported to Australia were Hard Liquor ($121k), Motor vehicles; parts and accessories (8701 to 8705) ($54.8k), and Alcohol > 80% ABV ($43.9k). Over the past 5 years the exports of Barbados to Australia have decreased at an annualized rate of 26.1%, from $1.26M in 2017 to $278k in 2022.

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

Australia-Barbados Trade: In 2022, Australia exported $4.83M to Barbados. The main products that Australia exported to Barbados were Sheep and Goat Meat ($2.32M), Iron Fasteners ($725k), and Wine ($468k). Over the past 5 years the exports of Australia to Barbados have increased at an annualized rate of 11.6%,  from $2.79M in 2017 to $4.83M in 2022.

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

Comparison In 2022,  Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $278k to Australia. The main products exported from Barbados to Australia were Hard Liquor ($121k), Motor vehicles; parts and accessories (8701 to 8705) ($54.8k), and Alcohol > 80% ABV ($43.9k). During the last 5 years the exports of Barbados to Australia have decreased at an annualized rate of 26.1%, from $1.26M in 2017 to $278k in 2022.

In 2017, Australia exported $4.83M to Barbados. The main products exported from Australia to Barbados were Sheep and Goat Meat ($2.32M), Iron Fasteners ($725k), and Wine ($468k). During the last 5 years the exports of Australia to Barbados have increased at an annualized rate of 11.6%, from $2.79M in 2022 to $4.83M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Australia (Flag)

Barbados Exports

Australia Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Barbados than Australia included Guyana ($29.7M), Saint Lucia ($20.8M), and Saint Vincent and the Grenadines ($14.1M).

In 2022, countries that imported more from Australia than Barbados included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Barbados - Australia

Flow
Scale

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

During 2022, Barbados had a large net trade with Australia in the exports of Foodstuffs ($164k), Transportation ($54.8k), and Chemical Products ($33.1k).

During 2017, Australia had a large net trade with Barbados in the exports of Animal Products ($2.58M), Metals ($1.11M), and Foodstuffs ($516k).

Economic Complexity

Competitive Landscape

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

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

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