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2022
Flag → Flag
Exports $6.41MRnk 14 / 139
2022
Flag → Flag
Top Product $2.85MPaper Labels
2022
Flag → Flag
Exports $26.5MRnk 38 / 163
2022
Flag → Flag
Top Product $8.86MMolasses
2022
Flag
Economic Complexity (ECI) ECI 0.052Rnk 62 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$114BCURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP GROWTH87.3%CURRENT US$
Rnk 23 / 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$10,121CURRENT US$
Rnk 77 / 186
2012-2022
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 19 / 186

About

Barbados-Dominican Republic Trade: In 2022, Barbados exported $6.41M to Dominican Republic. The main products that Barbados exported to Dominican Republic were Paper Labels ($2.85M), Kaolin ($2.64M), and Hard Liquor ($360k). Over the past 5 years the exports of Barbados to Dominican Republic have decreased at an annualized rate of 3.7%, from $7.74M in 2017 to $6.41M in 2022.

In 2022, Barbados did not export any services to Dominican Republic.

Dominican Republic-Barbados Trade: In 2022, Dominican Republic exported $26.5M to Barbados. The main products that Dominican Republic exported to Barbados were Molasses ($8.86M), Other Processed Vegetables ($1.35M), and Knit T-shirts ($1.23M). Over the past 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 17.3%,  from $11.9M in 2017 to $26.5M in 2022.

In 2022, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.052), and 92 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $6.41M to Dominican Republic. The main products exported from Barbados to Dominican Republic were Paper Labels ($2.85M), Kaolin ($2.64M), and Hard Liquor ($360k). During the last 5 years the exports of Barbados to Dominican Republic have decreased at an annualized rate of 3.7%, from $7.74M in 2017 to $6.41M in 2022.

In 2017, Dominican Republic exported $26.5M to Barbados. The main products exported from Dominican Republic to Barbados were Molasses ($8.86M), Other Processed Vegetables ($1.35M), and Knit T-shirts ($1.23M). During the last 5 years the exports of Dominican Republic to Barbados have increased at an annualized rate of 17.3%, from $11.9M in 2022 to $26.5M in 2017.

Exports from Barbados (Flag) to Dominican Republic (Flag) (2022)

Exports from Dominican Republic (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and Dominican Republic (Flag)

Barbados Exports

Dominican Republic Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Dominican Republic
Top DestinationUnited States$6.85B

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

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

In 2022, countries that imported more from Dominican Republic than Barbados included United States ($6.85B), Switzerland ($1.08B), and Haiti ($1.02B).

Difference in imports from Dominican Republic (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - Dominican Republic

Flow
Scale

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

During 2022, Barbados had a large net trade with Dominican Republic in the exports of Paper Goods ($2.85M), Mineral Products ($2.64M), and Foodstuffs ($360k).

During 2017, Dominican Republic had a large net trade with Barbados in the exports of Foodstuffs ($12.6M), Plastics and Rubbers ($4.87M), and Chemical Products ($2.91M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Dominican Republic (Flag) (2022)

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