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2023
Flag → Flag
Exports $1.11MRnk 38 / 139
2023
Flag → Flag
Top Product $860kNitrogenous Fertilizers
2023
Flag → Flag
Exports $12.6MRnk 89 / 183
2023
Flag → Flag
Top Product $2MAluminium Cans
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Barbados-Colombia Trade: In 2023, Barbados exported $1.11M to Colombia. The main products that Barbados exported to Colombia were Nitrogenous Fertilizers ($860k), Machinery Having Individual Functions ($230k), and Stone Processing Machines ($10k). Over the past 5 years the exports of Barbados to Colombia have increased at an annualized rate of 41.3%, from $197k in 2018 to $1.11M in 2023.

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

Colombia-Barbados Trade: In 2023, Colombia exported $12.6M to Barbados. The main products that Colombia exported to Barbados were Aluminium Cans ($2M), Raw Sugar ($1.59M), and Malt ($1.39M). Over the past 5 years the exports of Colombia to Barbados have decreased at an annualized rate of 27.6%,  from $63.2M in 2018 to $12.6M in 2023.

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

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $1.11M to Colombia. The main products exported from Barbados to Colombia were Nitrogenous Fertilizers ($860k), Machinery Having Individual Functions ($230k), and Stone Processing Machines ($10k). During the last 5 years the exports of Barbados to Colombia have increased at an annualized rate of 41.3%, from $197k in 2018 to $1.11M in 2023.

In 2018, Colombia exported $12.6M to Barbados. The main products exported from Colombia to Barbados were Aluminium Cans ($2M), Raw Sugar ($1.59M), and Malt ($1.39M). During the last 5 years the exports of Colombia to Barbados have decreased at an annualized rate of 27.6%, from $63.2M in 2023 to $12.6M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Colombia (Flag)

Barbados Exports

Colombia Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Barbados than Colombia included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

In 2023, countries that imported more from Colombia than Barbados included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Barbados - Colombia

Flow
Scale

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

During 2023, Barbados had a large net trade with Colombia in the exports of Chemical Products ($860k), Machines ($240k), and Instruments ($5.84k).

During 2018, Colombia had a large net trade with Barbados in the exports of Metals ($2.35M), Machines ($2.31M), and Foodstuffs ($2.27M).

Economic Complexity

Competitive Landscape

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

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

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