2022
Flag  
GDP
$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH
22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH
19.9%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Barbados-North Macedonia Trade: In 2022, Barbados exported $7.08k to North Macedonia. The main products that Barbados exported to North Macedonia were Hard Liquor ($7.06k) and Self-adhesive Plastics ($21). Over the past 5 years the exports of Barbados to North Macedonia have decreased at an annualized rate of 15.7%, from $16.6k in 2017 to $7.08k in 2022.

In 2022, Barbados did not export any services to North Macedonia.

North Macedonia-Barbados Trade: In 2022, North Macedonia exported $14.8k to Barbados. The main products that North Macedonia exported to Barbados were N/A. Over the past 5 years the exports of North Macedonia to Barbados have increased at an annualized rate of 84%,  from $700 in 2017 to $14.8k in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $7.08k to North Macedonia. The main products exported from Barbados to North Macedonia were Hard Liquor ($7.06k) and Self-adhesive Plastics ($21). During the last 5 years the exports of Barbados to North Macedonia have decreased at an annualized rate of 15.7%, from $16.6k in 2017 to $7.08k in 2022.

In 2016, North Macedonia exported $14.8k to Barbados. There were not main exports from North Macedonia to Barbados in 2016. During the last 5 years the exports of North Macedonia to Barbados have increased at an annualized rate of 84%, from $700 in 2021 to $14.8k in 2016.

Exports from Barbados (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and North Macedonia (Flag)

North Macedonia Exports

Date

Market Competitiveness

Color
Barbados
Top Destination
United States$88.6M
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Barbados than North Macedonia included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

In 2022, countries that imported more from North Macedonia than Barbados included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - North Macedonia

Flow
Scale

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

During 2022, Barbados had a large net trade with North Macedonia in the exports of Foodstuffs ($7.06k) and Plastics and Rubbers ($21).

During 2016, North Macedonia had a large net trade with Barbados in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and North Macedonia (Flag) (2022)

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