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Pricing

2022
Flag → Flag
Exports $45.1kRnk 88 / 139
2022
Flag → Flag
Top Product $26.5kStranded Iron Wire
2022
Flag → Flag
Exports $6.35MRnk 71 / 162
2022
Flag → Flag
Top Product $2.89MGlass Bottles
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 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$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186

About

Barbados-Guatemala Trade: In 2022, Barbados exported $45.1k to Guatemala. The main products that Barbados exported to Guatemala were Stranded Iron Wire ($26.5k), Paper Labels ($13.6k), and Scrap Plastic ($2.89k). Over the past 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.8%, from $5.53M in 2017 to $45.1k in 2022.

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

Guatemala-Barbados Trade: In 2022, Guatemala exported $6.35M to Barbados. The main products that Guatemala exported to Barbados were Glass Bottles ($2.89M), Raw Sugar ($1.46M), and Refrigerators ($694k). Over the past 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 10.3%,  from $3.88M in 2017 to $6.35M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $45.1k to Guatemala. The main products exported from Barbados to Guatemala were Stranded Iron Wire ($26.5k), Paper Labels ($13.6k), and Scrap Plastic ($2.89k). During the last 5 years the exports of Barbados to Guatemala have decreased at an annualized rate of 61.8%, from $5.53M in 2017 to $45.1k in 2022.

In 2017, Guatemala exported $6.35M to Barbados. The main products exported from Guatemala to Barbados were Glass Bottles ($2.89M), Raw Sugar ($1.46M), and Refrigerators ($694k). During the last 5 years the exports of Guatemala to Barbados have increased at an annualized rate of 10.3%, from $3.88M in 2022 to $6.35M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Guatemala (Flag)

Barbados Exports

Guatemala Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Guatemala
Top DestinationUnited States$5.23B

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 2022, countries that imported more from Barbados than Guatemala included Guyana ($29.7M), Saint Lucia ($20.8M), and Grenada ($13.5M).

In 2022, countries that imported more from Guatemala than Barbados included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

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 2022, Barbados had a large net trade with Guatemala in the exports of Metals ($26.5k), Paper Goods ($13.6k), and Plastics and Rubbers ($2.89k).

During 2017, Guatemala had a large net trade with Barbados in the exports of Stone And Glass ($2.89M), Foodstuffs ($1.49M), and Chemical Products ($966k).

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) (2022)

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