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2023
Flag → Flag
Exports $1.31MRnk 34 / 139
2023
Flag → Flag
Top Product $476kPackaged Medicaments
2023
Flag → Flag
Exports $15.4MRnk 8 / 78
2023
Flag → Flag
Top Product $13.3MRefined Petroleum
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 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$97,750CURRENT US$
Rnk 6 / 196
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195

About

Barbados-Cayman Islands Trade: In 2023, Barbados exported $1.31M to Cayman Islands. The main products that Barbados exported to Cayman Islands were Packaged Medicaments ($476k), Hard Liquor ($258k), and Pesticides ($196k). Over the past 5 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 7.98%, from $892k in 2018 to $1.31M in 2023.

In 2023, Barbados did not export any services to Cayman Islands.

Cayman Islands-Barbados Trade: In 2023, Cayman Islands exported $15.4M to Barbados. The main products that Cayman Islands exported to Barbados were Refined Petroleum ($13.3M), Petroleum Gas ($1.85M), and Packaged Medicaments ($138k). Over the past 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 208%,  from $55k in 2018 to $15.4M in 2023.

In 2023, Cayman Islands did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M). That same year, Cayman Islands ranked 165 in total exports ($818M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $1.31M to Cayman Islands. The main products exported from Barbados to Cayman Islands were Packaged Medicaments ($476k), Hard Liquor ($258k), and Pesticides ($196k). During the last 5 years the exports of Barbados to Cayman Islands have increased at an annualized rate of 7.98%, from $892k in 2018 to $1.31M in 2023.

In 2018, Cayman Islands exported $15.4M to Barbados. The main products exported from Cayman Islands to Barbados were Refined Petroleum ($13.3M), Petroleum Gas ($1.85M), and Packaged Medicaments ($138k). During the last 5 years the exports of Cayman Islands to Barbados have increased at an annualized rate of 208%, from $55k in 2023 to $15.4M in 2018.

Exports from Barbados (Flag) to Cayman Islands (Flag) (2023)

Exports from Cayman Islands (Flag) to Barbados (Flag) (2023)

Latest Data

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

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Cayman Islands
Top DestinationUnited Kingdom$326M

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

In 2023, countries that imported more from Cayman Islands than Barbados included United Kingdom ($326M), Cyprus ($172M), and Germany ($74.8M).

Difference in imports from Cayman Islands (Flag) and Barbados (Flag) (2023)

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 2023, Barbados had a large net trade with Cayman Islands in the exports of Chemical Products ($708k), Foodstuffs ($389k), and Instruments ($106k).

During 2018, Cayman Islands had a large net trade with Barbados in the exports of Mineral Products ($15.1M), Chemical Products ($151k), and Machines ($48.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Cayman Islands (Flag) (2023)

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