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

2023
Flag → Flag
Exports $48.7kRnk 84 / 139
2023
Flag → Flag
Top Product $20.5kPaper Labels
2023
Flag → Flag
Exports $5.95MRnk 68 / 170
2023
Flag → Flag
Top Product $1.79MGlass Bottles
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 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$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Barbados-Guatemala Trade: In 2023, Barbados exported $48.7k to Guatemala. The main products that Barbados exported to Guatemala were Paper Labels ($20.5k), Railway Cargo Containers ($12.5k), and Other Furniture ($2.46k). Over the past 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.5%, from $5.79M in 2018 to $48.7k in 2023.

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

Guatemala-Barbados Trade: In 2023, Guatemala exported $5.95M to Barbados. The main products that Guatemala exported to Barbados were Glass Bottles ($1.79M), Molasses ($1.15M), and Raw Sugar ($1.15M). Over the past 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 21.2%,  from $2.28M in 2018 to $5.95M in 2023.

In 2023, Guatemala 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, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $48.7k to Guatemala. The main products exported from Barbados to Guatemala were Paper Labels ($20.5k), Railway Cargo Containers ($12.5k), and Other Furniture ($2.46k). During the last 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.5%, from $5.79M in 2018 to $48.7k in 2023.

In 2018, Guatemala exported $5.95M to Barbados. The main products exported from Guatemala to Barbados were Glass Bottles ($1.79M), Molasses ($1.15M), and Raw Sugar ($1.15M). During the last 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 21.2%, from $2.28M in 2023 to $5.95M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Guatemala (Flag)

Barbados Exports

Guatemala Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Barbados than Guatemala included Saint Lucia ($19.5M), Trinidad and Tobago ($33.7M), and Grenada ($13.4M).

In 2023, countries that imported more from Guatemala than Barbados included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

Comparative Advantage Barbados - Guatemala

Flow
Scale

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

During 2023, Barbados had a large net trade with Guatemala in the exports of Paper Goods ($21.2k), Transportation ($13.1k), and Machines ($4.05k).

During 2018, Guatemala had a large net trade with Barbados in the exports of Foodstuffs ($2.49M), Stone And Glass ($1.79M), and Chemical Products ($1.33M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Guatemala (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