Barbados (BRB) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Mongolia () (2020)

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

Latest Data

Trade between Barbados () and Mongolia ()

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Barbados () (2022)

Comparative Advantage Barbados - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Barbados () and Mongolia ()

Barbados Exports

Market Competitiveness

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

Comparative Advantage Barbados - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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