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2023
Flag → Flag
Exports $2.8MRnk 22 / 139
2023
Flag → Flag
Top Product $1.87MHard Liquor
2023
Flag → Flag
Exports $27MRnk 162 / 220
2023
Flag → Flag
Top Product $2.74MSpecial purpose motor vehicles
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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$54,343CURRENT US$
Rnk 21 / 196
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Barbados-Germany Trade: In 2023, Barbados exported $2.8M to Germany. The main products that Barbados exported to Germany were Hard Liquor ($1.87M), Orthopedic Appliances ($212k), and Railway Cargo Containers ($204k). Over the past 5 years the exports of Barbados to Germany have decreased at an annualized rate of 2.59%, from $3.2M in 2018 to $2.8M in 2023.

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

Germany-Barbados Trade: In 2023, Germany exported $27M to Barbados. The main products that Germany exported to Barbados were Special purpose motor vehicles ($2.74M), Cars ($2.69M), and Laboratory Reagents ($2.1M). Over the past 5 years the exports of Germany to Barbados have increased at an annualized rate of 2.53%,  from $23.8M in 2018 to $27M in 2023.

In 2023, Germany 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $2.8M to Germany. The main products exported from Barbados to Germany were Hard Liquor ($1.87M), Orthopedic Appliances ($212k), and Railway Cargo Containers ($204k). During the last 5 years the exports of Barbados to Germany have decreased at an annualized rate of 2.59%, from $3.2M in 2018 to $2.8M in 2023.

In 2018, Germany exported $27M to Barbados. The main products exported from Germany to Barbados were Special purpose motor vehicles ($2.74M), Cars ($2.69M), and Laboratory Reagents ($2.1M). During the last 5 years the exports of Germany to Barbados have increased at an annualized rate of 2.53%, from $23.8M in 2023 to $27M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Germany (Flag)

Barbados Exports

Germany Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Germany
Top DestinationUnited States$157B

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

In 2023, countries that imported more from Barbados than Germany included Saint Lucia ($19.5M), Grenada ($13.4M), and Dominica ($7.2M).

In 2023, countries that imported more from Germany than Barbados included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage Barbados - Germany

Flow
Scale

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

During 2023, Barbados had a large net trade with Germany in the exports of Foodstuffs ($1.88M), Instruments ($442k), and Transportation ($204k).

During 2018, Germany had a large net trade with Barbados in the exports of Machines ($8.57M), Transportation ($6.18M), and Chemical Products ($4.06M).

Economic Complexity

Competitive Landscape

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

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

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