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2020
Flag → Flag
Exports $1.66kRnk 63 / 0
2020
Flag → Flag
Exports $10.1kRnk 145 / 0
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 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$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Barbados-Mongolia Trade: In 2020, Barbados exported $1.66k to Mongolia. The main products that Barbados exported to Mongolia were N/A. Over the past 6 years the exports of Barbados to Mongolia have decreased at an annualized rate of 31.2%, from $15.6k in 2014 to $1.66k in 2020.

In 2020, Barbados did not export any services to Mongolia.

Mongolia-Barbados Trade: In 2020, Mongolia exported $10.1k to Barbados. The main products that Mongolia exported to Barbados were N/A. Over the past 6 years the exports of Mongolia to Barbados have increased at an annualized rate of 19.9%,  from $4.08k in 2014 to $10.1k in 2020.

In 2020, Mongolia 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, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2020, Barbados exported $1.66k to Mongolia. There were not main exports from Barbados to Mongolia in 2020. During the last 6 years the exports of Barbados to Mongolia have decreased at an annualized rate of 31.2%, from $15.6k in 2014 to $1.66k in 2020.

In 2011, Mongolia exported $10.1k to Barbados. There were not main exports from Mongolia to Barbados in 2011. During the last 5 years the exports of Mongolia to Barbados have increased at an annualized rate of 19.9%, from $4.08k in 2016 to $10.1k in 2011.

Exports from Barbados (Flag) to Mongolia (Flag) (2020)

Exports from Mongolia (Flag) to Barbados (Flag) (2020)

Latest Data

Trade between Barbados (Flag) and Mongolia (Flag)

Barbados Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Barbados than Mongolia included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

In 2022, countries that imported more from Mongolia than Barbados included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

Comparative Advantage Barbados - Mongolia

Flow
Scale

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

During 2020, Barbados had a large net trade with Mongolia in the exports of .

During 2011, Mongolia 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 Mongolia. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Mongolia. Similarly, a dot/product with the flag of Mongolia indicates it has a comparative advantage over Barbados.

Product Space of Barbados (Flag) and Mongolia (Flag) (2020)

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