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2023
Flag → Flag
Exports $369kRnk 54 / 139
2023
Flag → Flag
Top Product $315kRailway Cargo Containers
2023
Flag → Flag
Exports $1.59MRnk 107 / 174
2023
Flag → Flag
Top Product $413kElectric Batteries
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Barbados-Ecuador Trade: In 2023, Barbados exported $369k to Ecuador. The main products that Barbados exported to Ecuador were Railway Cargo Containers ($315k), Kaolin ($36.7k), and Natural Polymers ($7.86k). Over the past 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 6.9%, from $264k in 2018 to $369k in 2023.

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

Ecuador-Barbados Trade: In 2023, Ecuador exported $1.59M to Barbados. The main products that Ecuador exported to Barbados were Electric Batteries ($413k), Animal Food ($174k), and Electrical Transformers ($156k). Over the past 5 years the exports of Ecuador to Barbados have decreased at an annualized rate of 6.92%,  from $2.28M in 2018 to $1.59M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $369k to Ecuador. The main products exported from Barbados to Ecuador were Railway Cargo Containers ($315k), Kaolin ($36.7k), and Natural Polymers ($7.86k). During the last 5 years the exports of Barbados to Ecuador have increased at an annualized rate of 6.9%, from $264k in 2018 to $369k in 2023.

In 2018, Ecuador exported $1.59M to Barbados. The main products exported from Ecuador to Barbados were Electric Batteries ($413k), Animal Food ($174k), and Electrical Transformers ($156k). During the last 5 years the exports of Ecuador to Barbados have decreased at an annualized rate of 6.92%, from $2.28M in 2023 to $1.59M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Ecuador (Flag)

Barbados Exports

Ecuador Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Barbados than Ecuador included Jamaica ($71.2M), Guyana ($24.6M), and Trinidad and Tobago ($33.7M).

In 2023, countries that imported more from Ecuador than Barbados included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Barbados - Ecuador

Flow
Scale

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

During 2023, Barbados had a large net trade with Ecuador in the exports of Transportation ($315k), Mineral Products ($36.7k), and Plastics and Rubbers ($7.89k).

During 2018, Ecuador had a large net trade with Barbados in the exports of Machines ($592k), Foodstuffs ($299k), and Stone And Glass ($294k).

Economic Complexity

Competitive Landscape

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

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

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