NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $812kRnk 41 / 139
2023
Flag → Flag
Top Product $784kHard Liquor
2023
Flag → Flag
Exports $570kRnk 173 / 206
2023
Flag → Flag
Top Product $99.8kAir Pumps
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Barbados-Finland Trade: In 2023, Barbados exported $812k to Finland. The main products that Barbados exported to Finland were Hard Liquor ($784k), Chemical Analysis Instruments ($11.6k), and Electric Batteries ($6.61k). Over the past 5 years the exports of Barbados to Finland have increased at an annualized rate of 5.27%, from $628k in 2018 to $812k in 2023.

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

Finland-Barbados Trade: In 2023, Finland exported $570k to Barbados. The main products that Finland exported to Barbados were Air Pumps ($99.8k), Excavation Machinery ($97.9k), and Pulley Systems ($62.9k). Over the past 5 years the exports of Finland to Barbados have decreased at an annualized rate of 4.37%,  from $892k in 2018 to $570k in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $812k to Finland. The main products exported from Barbados to Finland were Hard Liquor ($784k), Chemical Analysis Instruments ($11.6k), and Electric Batteries ($6.61k). During the last 5 years the exports of Barbados to Finland have increased at an annualized rate of 5.27%, from $628k in 2018 to $812k in 2023.

In 2018, Finland exported $570k to Barbados. The main products exported from Finland to Barbados were Air Pumps ($99.8k), Excavation Machinery ($97.9k), and Pulley Systems ($62.9k). During the last 5 years the exports of Finland to Barbados have decreased at an annualized rate of 4.37%, from $892k in 2023 to $570k in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Finland (Flag)

Barbados Exports

Finland Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Barbados than Finland included Jamaica ($71.2M), Trinidad and Tobago ($33.7M), and Saint Lucia ($19.5M).

In 2023, countries that imported more from Finland than Barbados included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Barbados - Finland

Flow
Scale

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

During 2023, Barbados had a large net trade with Finland in the exports of Foodstuffs ($784k), Instruments ($13.3k), and Textiles ($6.92k).

During 2018, Finland had a large net trade with Barbados in the exports of Machines ($441k), Instruments ($63.6k), and Metals ($32.2k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms