2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186

About

Barbados-Cayman Islands In 2022, Barbados exported $1M to Cayman Islands. The main products that Barbados exported to Cayman Islands are Packaged Medicaments ($354k), Pesticides ($143k), and Hard Liquor ($143k). During the last 25 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 5.56%, from $259k in 1997 to $1M in 2022.

In 2022, Barbados did not export any services to Cayman Islands.

Cayman Islands-Barbados In 2022, Cayman Islands exported $6.01M to Barbados. The main products that Cayman Islands exported to Barbados were Petroleum Gas ($4.39M), Refined Petroleum ($722k), and Other Plastic Sheetings ($364k). During the last 25 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 34.5%, from $3.63k in 1997 to $6.01M in 2022.

In 2022, Cayman Islands did not export any services to Barbados.

Comparison In 2022,  Barbados ranked 176 in total exports ($393M). That same year, Cayman Islands ranked 165 in total exports ($737M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $1M to Cayman Islands. The main products exported from Barbados to Cayman Islands were Packaged Medicaments ($354k), Pesticides ($143k), and Hard Liquor ($143k). During the last 25 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 5.56%, from $259k in 1997 to $1M in 2022.

In 2022, Cayman Islands exported $6.01M to Barbados. The main products exported from Cayman Islands to Barbados were Petroleum Gas ($4.39M), Refined Petroleum ($722k), and Other Plastic Sheetings ($364k). During the last 25 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 34.5%, from $3.63k in 1997 to $6.01M in 2022.

Exports from Barbados (Flag) to Cayman Islands (Flag) (2022)

Exports from Cayman Islands (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and Cayman Islands (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
Cayman Islands
Top Destination
Malta$218M

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

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

In 2021, countries that imported more from Cayman Islands than Barbados were Malta ($218M), Norway ($163M), and Seychelles ($121M).

Difference in imports from Cayman Islands (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - Cayman Islands

Flow
Scale

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

During 2022, Barbados had a large net trade with Cayman Islands in the exports of Chemical Products ($507k), Foodstuffs ($242k), and Instruments ($176k).

During 2022, Cayman Islands had a large net trade with Barbados in the exports of Mineral Products ($5.12M), Plastics and Rubbers ($368k), and Machines ($310k).

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 Cayman Islands. Similarly, the more yellow a dot/product is, the more Cayman Islands has comparative advantage over Barbados.

Product Space of Barbados (Flag) and Cayman Islands (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with