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Pricing

2022
Flag → Flag
Exports $109kRnk 75 / 139
2022
Flag → Flag
Top Product $106kRaw Plastic Sheeting
2022
Flag → Flag
Exports $6.74kRnk 155 / 166
2022
Flag → Flag
Top Product $1.72kBeauty Products
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Barbados-Nigeria Trade: In 2022, Barbados exported $109k to Nigeria. The main products that Barbados exported to Nigeria were Raw Plastic Sheeting ($106k), Computers ($1.08k), and Office Machine Parts ($601). Over the past 6 years the exports of Barbados to Nigeria have increased at an annualized rate of 150%, from $446 in 2016 to $109k in 2022.

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

Nigeria-Barbados Trade: In 2022, Nigeria exported $6.74k to Barbados. The main products that Nigeria exported to Barbados were Beauty Products ($1.72k), Non-Knit Men's Suits ($1.14k), and Computers ($969). Over the past 6 years the exports of Nigeria to Barbados have decreased at an annualized rate of 24.3%,  from $27k in 2016 to $6.74k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $109k to Nigeria. The main products exported from Barbados to Nigeria were Raw Plastic Sheeting ($106k), Computers ($1.08k), and Office Machine Parts ($601). During the last 6 years the exports of Barbados to Nigeria have increased at an annualized rate of 150%, from $446 in 2016 to $109k in 2022.

In 2017, Nigeria exported $6.74k to Barbados. The main products exported from Nigeria to Barbados were Beauty Products ($1.72k), Non-Knit Men's Suits ($1.14k), and Computers ($969). During the last 5 years the exports of Nigeria to Barbados have decreased at an annualized rate of 24.3%, from $27k in 2022 to $6.74k in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Nigeria (Flag)

Barbados Exports

Nigeria Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Barbados than Nigeria included Trinidad and Tobago ($33.8M), Guyana ($29.7M), and Saint Lucia ($20.8M).

In 2022, countries that imported more from Nigeria than Barbados included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Barbados - Nigeria

Flow
Scale

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

During 2022, Barbados had a large net trade with Nigeria in the exports of Plastics and Rubbers ($106k), Machines ($2.18k), and Arts and Antiques ($574).

During 2017, Nigeria had a large net trade with Barbados in the exports of Chemical Products ($1.89k), Machines ($1.7k), and Textiles ($1.57k).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Nigeria (Flag) (2022)

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