Barbados (BRB) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Barbados-Canada Trade: In 2023, Barbados exported $26.6M to Canada. The main products that Barbados exported to Canada were Hard Liquor ($9.14M), Alcohol > 80% ABV ($7.16M), and Scrap Iron ($6.88M). Over the past 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.9%, from $15.1M in 2018 to $26.6M in 2023.

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

Canada-Barbados Trade: In 2023, Canada exported $44.2M to Barbados. The main products that Canada exported to Barbados were Pig Meat ($4.94M), Plastic Lids ($1.83M), and X-Ray Equipment ($1.68M). Over the past 5 years the exports of Canada to Barbados have increased at an annualized rate of 3.95%, from $36.4M in 2018 to $44.2M in 2023.

In 2020, Canada exported services to Barbados worth $160M, with Financial services ($65.6M), Insurance services ($38M), and Royalties and license fees ($35M) being the largest in terms of value.

Comparison In 2023, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Barbados exported $26.6M to Canada. The main products exported from Barbados to Canada were Hard Liquor ($9.14M), Alcohol > 80% ABV ($7.16M), and Scrap Iron ($6.88M). During the last 5 years the exports of Barbados to Canada have increased at an annualized rate of 11.9%, from $15.1M in 2018 to $26.6M in 2023.

In 2018, Canada exported $44.2M to Barbados. The main products exported from Canada to Barbados were Pig Meat ($4.94M), Plastic Lids ($1.83M), and X-Ray Equipment ($1.68M). During the last 5 years the exports of Canada to Barbados have increased at an annualized rate of 3.95%, from $36.4M in 2023 to $44.2M in 2018.

Exports from Barbados () to Canada () (2023)

Exports from Canada () to Barbados () (2023)

Latest Data

Trade between Barbados () and Canada ()

Barbados Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$91M

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Barbados than Canada included Saint Lucia ($19.5M), Saint Vincent and the Grenadines ($10.9M), and Antigua and Barbuda ($9.33M).

In 2023, countries that imported more from Canada than Barbados included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Barbados () (2023)

Comparative Advantage Barbados - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Barbados had a large net trade with Canada in the exports of Foodstuffs ($16.9M), Metals ($6.91M), and Paper Goods ($1.43M).

During 2018, Canada had a large net trade with Barbados in the exports of Animal Products ($8.13M), Foodstuffs ($6.95M), and Machines ($5.36M).

Bilateral Service Trade

Can Year

In 2020, Canada exported services to Barbados worth $160M, with Financial services ($65.6M), Insurance services ($38M), and Royalties and license fees ($35M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Canada () (2023)

Exports from Canada () to Barbados () (2023)

Latest Data

Trade between Barbados () and Canada ()

Barbados Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Barbados () (2023)

Comparative Advantage Barbados - Canada

Bilateral Service Trade

Services Exports from Canada () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Barbados () and Canada () (2023)

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