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2023
Flag → Flag
Exports $20.1kRnk 99 / 139
2023
Flag → Flag
Top Product $19.9kRailway Cargo Containers
2023
Flag → Flag
Exports $893kRnk 158 / 201
2023
Flag → Flag
Top Product $209kPlastic Lids
2023
Flag
Economic Complexity (ECI) ECI 1.41Rnk 14 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$212BCURRENT US$
Rnk 56 / 195
2013-2023
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 60 / 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$22,142CURRENT US$
Rnk 58 / 196
2013-2023
Flag
GDP PC GROWTH61.4%CURRENT US$
Rnk 29 / 195

About

Barbados-Hungary Trade: In 2023, Barbados exported $20.1k to Hungary. The main products that Barbados exported to Hungary were Railway Cargo Containers ($19.9k), Collector's Items ($143), and Computers ($9). Over the past 6 years the exports of Barbados to Hungary have increased at an annualized rate of 14.4%, from $8.97k in 2017 to $20.1k in 2023.

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

Hungary-Barbados Trade: In 2023, Hungary exported $893k to Barbados. The main products that Hungary exported to Barbados were Plastic Lids ($209k), Motor vehicles; parts and accessories (8701 to 8705) ($201k), and Cars ($158k). Over the past 6 years the exports of Hungary to Barbados have decreased at an annualized rate of 25.2%,  from $3.81M in 2017 to $893k in 2023.

In 2023, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $20.1k to Hungary. The main products exported from Barbados to Hungary were Railway Cargo Containers ($19.9k), Collector's Items ($143), and Computers ($9). During the last 6 years the exports of Barbados to Hungary have increased at an annualized rate of 14.4%, from $8.97k in 2017 to $20.1k in 2023.

In 2018, Hungary exported $893k to Barbados. The main products exported from Hungary to Barbados were Plastic Lids ($209k), Motor vehicles; parts and accessories (8701 to 8705) ($201k), and Cars ($158k). During the last 5 years the exports of Hungary to Barbados have decreased at an annualized rate of 25.2%, from $3.81M in 2023 to $893k in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Hungary (Flag)

Barbados Exports

Hungary Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Hungary
Top DestinationGermany$37.4B

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

In 2023, countries that imported more from Hungary than Barbados included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

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

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 2023, Barbados had a large net trade with Hungary in the exports of Transportation ($19.9k), Arts and Antiques ($143), and Machines ($9).

During 2018, Hungary had a large net trade with Barbados in the exports of Transportation ($360k), Plastics and Rubbers ($271k), and Machines ($85.8k).

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) (2023)

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