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2023
Flag → Flag
Exports $11.7kRnk 105 / 139
2023
Flag → Flag
Top Product $4.21kOther Edible Preparations
2023
Flag → Flag
Exports $586Rnk 115 / 121
2023
Flag → Flag
Top Product $435Wood Ornaments
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Barbados-Cuba Trade: In 2023, Barbados exported $11.7k to Cuba. The main products that Barbados exported to Cuba were Other Edible Preparations ($4.21k), Other Furniture ($3.43k), and Other Electrical Machinery ($1.76k). Over the past 5 years the exports of Barbados to Cuba have decreased at an annualized rate of 15.3%, from $26.7k in 2018 to $11.7k in 2023.

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

Cuba-Barbados Trade: In 2023, Cuba exported $586 to Barbados. The main products that Cuba exported to Barbados were Wood Ornaments ($435), Wood Kitchenware ($77), and Ceramic Tableware ($74). Over the past 5 years the exports of Cuba to Barbados have decreased at an annualized rate of 70%,  from $240k in 2018 to $586 in 2023.

In 2023, Cuba 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, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $11.7k to Cuba. The main products exported from Barbados to Cuba were Other Edible Preparations ($4.21k), Other Furniture ($3.43k), and Other Electrical Machinery ($1.76k). During the last 5 years the exports of Barbados to Cuba have decreased at an annualized rate of 15.3%, from $26.7k in 2018 to $11.7k in 2023.

In 2018, Cuba exported $586 to Barbados. The main products exported from Cuba to Barbados were Wood Ornaments ($435), Wood Kitchenware ($77), and Ceramic Tableware ($74). During the last 5 years the exports of Cuba to Barbados have decreased at an annualized rate of 70%, from $240k in 2023 to $586 in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Cuba (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Cuba
Top DestinationChina$358M

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 2023, countries that imported more from Barbados than Cuba included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

In 2023, countries that imported more from Cuba than Barbados included China ($358M), Spain ($129M), and Germany ($68.1M).

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

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 2023, Barbados had a large net trade with Cuba in the exports of Foodstuffs ($5.84k), Miscellaneous ($3.43k), and Machines ($1.76k).

During 2018, Cuba had a large net trade with Barbados in the exports of Wood Products ($512) and Stone And Glass ($74).

Economic Complexity

Competitive Landscape

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

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

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