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Pricing

2022
Flag → Flag
Exports $7.22kRnk 114 / 139
2022
Flag → Flag
Top Product $5.51kHard Liquor
2022
Flag → Flag
Exports $44.7kRnk 96 / 123
2022
Flag → Flag
Top Product $27.8kTextile Footwear
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Barbados-Cuba In 2022, Barbados exported $7.22k to Cuba. The main products that Barbados exported to Cuba are Hard Liquor ($5.51k), Other Edible Preparations ($1.5k), and Precious Metal Watches ($115). During the last 24 years the exports of Barbados to Cuba have decreased at an annualized rate of 5.82%, from $30.4k in 1998 to $7.22k in 2022.

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

Cuba-Barbados In 2022, Cuba exported $44.7k to Barbados. The main products that Cuba exported to Barbados were Textile Footwear ($27.8k) and Rolled Tobacco ($16.8k). During the last 24 years the exports of Cuba to Barbados have decreased at an annualized rate of 1.1%, from $58.2k in 1998 to $44.7k in 2022.

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

Comparison In 2022,  Barbados ranked 176 in total exports ($393M). That same year, Cuba ranked 161 in total exports ($1.07B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $7.22k to Cuba. The main products exported from Barbados to Cuba were Hard Liquor ($5.51k), Other Edible Preparations ($1.5k), and Precious Metal Watches ($115). During the last 24 years the exports of Barbados to Cuba have decreased at an annualized rate of 5.82%, from $30.4k in 1998 to $7.22k in 2022.

In 2022, Cuba exported $44.7k to Barbados. The main products exported from Cuba to Barbados were Textile Footwear ($27.8k) and Rolled Tobacco ($16.8k). During the last 25 years the exports of Cuba to Barbados have decreased at an annualized rate of 1.1%, from $58.2k in 1997 to $44.7k in 2022.

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

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

Latest Data

Trade between Barbados (Flag) and Cuba (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Cuba
Top DestinationChina$426M

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

In 2021, countries that imported more from Barbados than Cuba were United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

In 2021, countries that imported more from Cuba than Barbados were China ($426M), Spain ($139M), and Germany ($58.5M).

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

Comparative Advantage Barbados - Cuba

Flow
Scale

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

During 2022, Barbados had a large net trade with Cuba in the exports of Foodstuffs ($7.01k), Instruments ($115), and Precious Metals ($96).

During 2022, Cuba had a large net trade with Barbados in the exports of Footwear and Headwear ($27.8k) and Foodstuffs ($16.8k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Barbados has comparative advantage over Cuba. Similarly, the more yellow a dot/product is, the more Cuba has comparative advantage over Barbados.

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

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