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

2023
Flag → Flag
Exports $388kRnk 53 / 139
2023
Flag → Flag
Top Product $170kRaw Cotton
2023
Flag → Flag
Exports $14.3MRnk 173 / 219
2023
Flag → Flag
Top Product $1.63MWine
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Barbados-Italy Trade: In 2023, Barbados exported $388k to Italy. The main products that Barbados exported to Italy were Raw Cotton ($170k), Hard Liquor ($96.4k), and Rolled Tobacco ($53.9k). Over the past 5 years the exports of Barbados to Italy have decreased at an annualized rate of 46.2%, from $8.63M in 2018 to $388k in 2023.

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

Italy-Barbados Trade: In 2023, Italy exported $14.3M to Barbados. The main products that Italy exported to Barbados were Wine ($1.63M), Unglazed Ceramics ($1.51M), and Mill Machinery ($1.36M). Over the past 5 years the exports of Italy to Barbados have increased at an annualized rate of 4.22%,  from $11.6M in 2018 to $14.3M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $388k to Italy. The main products exported from Barbados to Italy were Raw Cotton ($170k), Hard Liquor ($96.4k), and Rolled Tobacco ($53.9k). During the last 5 years the exports of Barbados to Italy have decreased at an annualized rate of 46.2%, from $8.63M in 2018 to $388k in 2023.

In 2018, Italy exported $14.3M to Barbados. The main products exported from Italy to Barbados were Wine ($1.63M), Unglazed Ceramics ($1.51M), and Mill Machinery ($1.36M). During the last 5 years the exports of Italy to Barbados have increased at an annualized rate of 4.22%, from $11.6M in 2023 to $14.3M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Italy (Flag)

Barbados Exports

Italy Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Barbados than Italy included Saint Lucia ($19.5M), Jamaica ($71.2M), and Grenada ($13.4M).

In 2023, countries that imported more from Italy than Barbados included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Barbados - Italy

Flow
Scale

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

During 2023, Barbados had a large net trade with Italy in the exports of Textiles ($170k), Foodstuffs ($163k), and Animal Products ($18.4k).

During 2018, Italy had a large net trade with Barbados in the exports of Machines ($4.05M), Foodstuffs ($3.47M), and Stone And Glass ($2.5M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Italy (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