Barbados (BRB) and Malaysia (MYS) Trade | The Observatory of Economic Complexity

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Barbados-Malaysia Trade: In 2022, Barbados exported $1.44M to Malaysia. The main products that Barbados exported to Malaysia were Raw Aluminium ($1.02M), Electrical Resistors ($83.9k), and Dextrins ($67k). Over the past 5 years the exports of Barbados to Malaysia have decreased at an annualized rate of 36.3%, from $13.7M in 2017 to $1.44M in 2022.

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

Malaysia-Barbados Trade: In 2022, Malaysia exported $3.62M to Barbados. The main products that Malaysia exported to Barbados were Margarine ($633k), Palm Oil ($579k), and Malt Extract ($393k). Over the past 5 years the exports of Malaysia to Barbados have increased at an annualized rate of 0.65%, from $3.41M in 2017 to $3.62M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $1.44M to Malaysia. The main products exported from Barbados to Malaysia were Raw Aluminium ($1.02M), Electrical Resistors ($83.9k), and Dextrins ($67k). During the last 5 years the exports of Barbados to Malaysia have decreased at an annualized rate of 36.3%, from $13.7M in 2017 to $1.44M in 2022.

In 2017, Malaysia exported $3.62M to Barbados. The main products exported from Malaysia to Barbados were Margarine ($633k), Palm Oil ($579k), and Malt Extract ($393k). During the last 5 years the exports of Malaysia to Barbados have increased at an annualized rate of 0.65%, from $3.41M in 2022 to $3.62M in 2017.

Exports from Barbados () to Malaysia () (2022)

Exports from Malaysia () to Barbados () (2022)

Latest Data

Trade between Barbados () and Malaysia ()

Barbados Exports

Date

Malaysia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Barbados than Malaysia included Saint Lucia ($20.8M), Jamaica ($43.3M), and Guyana ($29.7M).

In 2022, countries that imported more from Malaysia than Barbados included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Barbados - Malaysia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Malaysia in the exports of Metals ($1.1M), Machines ($146k), and Chemical Products ($128k).

During 2017, Malaysia had a large net trade with Barbados in the exports of Animal and Vegetable Bi-Products ($1.4M), Plastics and Rubbers ($551k), and Machines ($488k).

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

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Malaysia () (2022)

Exports from Malaysia () to Barbados () (2022)

Latest Data

Trade between Barbados () and Malaysia ()

Barbados Exports

Malaysia Exports

Market Competitiveness

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

Comparative Advantage Barbados - Malaysia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and Malaysia () (2022)

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