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Pricing

2022
Flag → Flag
Exports $586kRnk 43 / 139
2022
Flag → Flag
Top Product $184kScrap Copper
2022
Flag → Flag
Exports $15.8MRnk 166 / 221
2022
Flag → Flag
Top Product $2.26MWine
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Barbados-Italy Trade: In 2022, Barbados exported $586k to Italy. The main products that Barbados exported to Italy were Scrap Copper ($184k), Other Plastic Products ($125k), and Hard Liquor ($101k). Over the past 5 years the exports of Barbados to Italy have decreased at an annualized rate of 1.23%, from $624k in 2017 to $586k in 2022.

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

Italy-Barbados Trade: In 2022, Italy exported $15.8M to Barbados. The main products that Italy exported to Barbados were Wine ($2.26M), Unglazed Ceramics ($1.17M), and Other Furniture ($825k). Over the past 5 years the exports of Italy to Barbados have increased at an annualized rate of 2.46%,  from $13.7M in 2017 to $15.8M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $586k to Italy. The main products exported from Barbados to Italy were Scrap Copper ($184k), Other Plastic Products ($125k), and Hard Liquor ($101k). During the last 5 years the exports of Barbados to Italy have decreased at an annualized rate of 1.23%, from $624k in 2017 to $586k in 2022.

In 2017, Italy exported $15.8M to Barbados. The main products exported from Italy to Barbados were Wine ($2.26M), Unglazed Ceramics ($1.17M), and Other Furniture ($825k). During the last 5 years the exports of Italy to Barbados have increased at an annualized rate of 2.46%, from $13.7M in 2022 to $15.8M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Italy (Flag)

Barbados Exports

Italy Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Barbados than Italy included Saint Lucia ($20.8M), Saint Vincent and the Grenadines ($14.1M), and Grenada ($13.5M).

In 2022, countries that imported more from Italy than Barbados included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

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

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 2022, Barbados had a large net trade with Italy in the exports of Metals ($184k), Foodstuffs ($139k), and Plastics and Rubbers ($125k).

During 2017, Italy had a large net trade with Barbados in the exports of Foodstuffs ($4.71M), Machines ($3.58M), and Stone And Glass ($1.94M).

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) (2022)

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