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

2023
Flag → Flag
Exports $3.26MRnk 20 / 139
2023
Flag → Flag
Top Product $1.92MScrap Iron
2023
Flag → Flag
Exports $13.2MRnk 176 / 220
2023
Flag → Flag
Top Product $2.63MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Barbados-India Trade: In 2023, Barbados exported $3.26M to India. The main products that Barbados exported to India were Scrap Iron ($1.92M), Industrial Fatty Acids, Oils and Alcohols ($898k), and Insulated Wire ($225k). Over the past 5 years the exports of Barbados to India have increased at an annualized rate of 14.5%, from $1.65M in 2018 to $3.26M in 2023.

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

India-Barbados Trade: In 2023, India exported $13.2M to Barbados. The main products that India exported to Barbados were Packaged Medicaments ($2.63M), Coated Flat-Rolled Iron ($1.96M), and Cars ($1.55M). Over the past 5 years the exports of India to Barbados have decreased at an annualized rate of 2.29%,  from $14.8M in 2018 to $13.2M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $3.26M to India. The main products exported from Barbados to India were Scrap Iron ($1.92M), Industrial Fatty Acids, Oils and Alcohols ($898k), and Insulated Wire ($225k). During the last 5 years the exports of Barbados to India have increased at an annualized rate of 14.5%, from $1.65M in 2018 to $3.26M in 2023.

In 2018, India exported $13.2M to Barbados. The main products exported from India to Barbados were Packaged Medicaments ($2.63M), Coated Flat-Rolled Iron ($1.96M), and Cars ($1.55M). During the last 5 years the exports of India to Barbados have decreased at an annualized rate of 2.29%, from $14.8M in 2023 to $13.2M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and India (Flag)

Barbados Exports

India Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Barbados than India included Saint Lucia ($19.5M), Grenada ($13.4M), and Saint Vincent and the Grenadines ($10.9M).

In 2023, countries that imported more from India than Barbados included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Barbados - India

Flow
Scale

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

During 2023, Barbados had a large net trade with India in the exports of Metals ($2.08M), Chemical Products ($898k), and Machines ($227k).

During 2018, India had a large net trade with Barbados in the exports of Chemical Products ($4.17M), Metals ($2.74M), and Transportation ($2.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and India (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