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2022
Flag → Flag
Exports $73.5kRnk 80 / 139
2022
Flag → Flag
Top Product $55.3kRailway Cargo Containers
2022
Flag → Flag
Exports $3.2MRnk 124 / 205
2022
Flag → Flag
Top Product $2.49MCars
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Barbados-Hungary Trade: In 2022, Barbados exported $73.5k to Hungary. The main products that Barbados exported to Hungary were Railway Cargo Containers ($55.3k) and Broadcasting Equipment ($18.2k). Over the past 6 years the exports of Barbados to Hungary have increased at an annualized rate of 73.7%, from $2.68k in 2016 to $73.5k in 2022.

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

Hungary-Barbados Trade: In 2022, Hungary exported $3.2M to Barbados. The main products that Hungary exported to Barbados were Cars ($2.49M), Motor vehicles; parts and accessories (8701 to 8705) ($185k), and Plastic Lids ($154k). Over the past 6 years the exports of Hungary to Barbados have decreased at an annualized rate of 3.49%,  from $5.27M in 2016 to $3.2M in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $73.5k to Hungary. The main products exported from Barbados to Hungary were Railway Cargo Containers ($55.3k) and Broadcasting Equipment ($18.2k). During the last 6 years the exports of Barbados to Hungary have increased at an annualized rate of 73.7%, from $2.68k in 2016 to $73.5k in 2022.

In 2017, Hungary exported $3.2M to Barbados. The main products exported from Hungary to Barbados were Cars ($2.49M), Motor vehicles; parts and accessories (8701 to 8705) ($185k), and Plastic Lids ($154k). During the last 5 years the exports of Hungary to Barbados have decreased at an annualized rate of 3.49%, from $5.27M in 2022 to $3.2M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Hungary (Flag)

Barbados Exports

Hungary Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Barbados than Hungary included Jamaica ($43.3M), Guyana ($29.7M), and Trinidad and Tobago ($33.8M).

In 2022, countries that imported more from Hungary than Barbados included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

Comparative Advantage Barbados - Hungary

Flow
Scale

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

During 2022, Barbados had a large net trade with Hungary in the exports of Transportation ($55.3k) and Machines ($18.2k).

During 2017, Hungary had a large net trade with Barbados in the exports of Transportation ($2.68M), Plastics and Rubbers ($317k), and Machines ($69.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Hungary (Flag) (2022)

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