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2022
Flag → Flag
Exports $623kRnk 42 / 139
2022
Flag → Flag
Top Product $198kOrthopedic Appliances
2022
Flag → Flag
Exports $16.7MRnk 173 / 223
2022
Flag → Flag
Top Product $1.27MLaboratory Reagents
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC $20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Barbados-Germany Trade: In 2022, Barbados exported $623k to Germany. The main products that Barbados exported to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). Over the past 5 years the exports of Barbados to Germany have decreased at an annualized rate of 21.3%, from $2.06M in 2017 to $623k in 2022.

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

Germany-Barbados Trade: In 2022, Germany exported $16.7M to Barbados. The main products that Germany exported to Barbados were Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). Over the past 5 years the exports of Germany to Barbados have decreased at an annualized rate of 4.88%,  from $21.5M in 2017 to $16.7M in 2022.

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

Comparison In 2022,  Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $623k to Germany. The main products exported from Barbados to Germany were Orthopedic Appliances ($198k), Hard Liquor ($127k), and Electrical Resistors ($60.5k). During the last 5 years the exports of Barbados to Germany have decreased at an annualized rate of 21.3%, from $2.06M in 2017 to $623k in 2022.

In 2017, Germany exported $16.7M to Barbados. The main products exported from Germany to Barbados were Laboratory Reagents ($1.27M), Soybean Oil ($960k), and Packaged Medicaments ($790k). During the last 5 years the exports of Germany to Barbados have decreased at an annualized rate of 4.88%, from $21.5M in 2022 to $16.7M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Germany (Flag)

Barbados Exports

Germany Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Germany
Top DestinationUnited States$153B

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 2022, countries that imported more from Barbados than Germany included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2022, countries that imported more from Germany than Barbados included United States ($153B), France ($120B), and China ($109B).

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

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 2022, Barbados had a large net trade with Germany in the exports of Instruments ($211k), Machines ($194k), and Foodstuffs ($163k).

During 2017, Germany had a large net trade with Barbados in the exports of Machines ($5.36M), Chemical Products ($3.23M), and Instruments ($1.44M).

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) (2022)

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