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2023
Flag → Flag
Exports $8.59kRnk 108 / 139
2023
Flag → Flag
Top Product $8.19kHard Liquor
2023
Flag → Flag
Exports $692kRnk 85 / 157
2023
Flag → Flag
Top Product $660kRefined Petroleum
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 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$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Barbados-Iceland Trade: In 2023, Barbados exported $8.59k to Iceland. The main products that Barbados exported to Iceland were Hard Liquor ($8.19k), Other Rubber Products ($145), and Knit Women's Suits ($104). Over the past 5 years the exports of Barbados to Iceland have increased at an annualized rate of 24.5%, from $2.87k in 2018 to $8.59k in 2023.

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

Iceland-Barbados Trade: In 2023, Iceland exported $692k to Barbados. The main products that Iceland exported to Barbados were Refined Petroleum ($660k), Fish Oil ($25.5k), and Microphones and Headphones ($1.59k). Over the past 5 years the exports of Iceland to Barbados have increased at an annualized rate of 57.6%,  from $71.1k in 2018 to $692k in 2023.

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

Comparison In 2023,  Barbados ranked 171 in total exports ($421M). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $8.59k to Iceland. The main products exported from Barbados to Iceland were Hard Liquor ($8.19k), Other Rubber Products ($145), and Knit Women's Suits ($104). During the last 5 years the exports of Barbados to Iceland have increased at an annualized rate of 24.5%, from $2.87k in 2018 to $8.59k in 2023.

In 2018, Iceland exported $692k to Barbados. The main products exported from Iceland to Barbados were Refined Petroleum ($660k), Fish Oil ($25.5k), and Microphones and Headphones ($1.59k). During the last 5 years the exports of Iceland to Barbados have increased at an annualized rate of 57.6%, from $71.1k in 2023 to $692k in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Iceland (Flag)

Barbados Exports

Iceland Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Iceland
Top DestinationNetherlands$1.97B

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

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

In 2023, countries that imported more from Iceland than Barbados included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

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

Comparative Advantage Barbados - Iceland

Flow
Scale

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

During 2023, Barbados had a large net trade with Iceland in the exports of Foodstuffs ($8.19k), Textiles ($156), and Plastics and Rubbers ($145).

During 2018, Iceland had a large net trade with Barbados in the exports of Mineral Products ($660k), Animal and Vegetable Bi-Products ($25.5k), and Machines ($4.77k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Iceland (Flag) (2023)

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