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2023
Flag → Flag
Exports $209kRnk 59 / 139
2023
Flag → Flag
Top Product $203kPaper Labels
2023
Flag → Flag
Exports $29.6kRnk 123 / 149
2023
Flag → Flag
Top Product $29.2kRaw Sugar
2023
Flag
Economic Complexity (ECI) ECI -1Rnk 111 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$17.8BCURRENT US$
Rnk 127 / 195
2013-2023
Flag
GDP GROWTH62.3%CURRENT US$
Rnk 48 / 195
2023
Flag
GDP PC $23,804CURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195
2023
Flag
GDP PC$2,613CURRENT US$
Rnk 145 / 196
2013-2023
Flag
GDP PC GROWTH42.4%CURRENT US$
Rnk 58 / 195

About

Barbados-Nicaragua Trade: In 2023, Barbados exported $209k to Nicaragua. The main products that Barbados exported to Nicaragua were Paper Labels ($203k), Raw Plastic Sheeting ($6.13k), and Hard Liquor ($76). Over the past 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 46.2%, from $4.66M in 2018 to $209k in 2023.

In 2023, Barbados did not export any services to Nicaragua.

Nicaragua-Barbados Trade: In 2023, Nicaragua exported $29.6k to Barbados. The main products that Nicaragua exported to Barbados were Raw Sugar ($29.2k) and Computers ($324). Over the past 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 20%,  from $90.1k in 2018 to $29.6k in 2023.

In 2023, Nicaragua did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Nicaragua ranked 111 in the Economic Complexity Index (ECI -1), and 110 in total exports ($8.51B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $209k to Nicaragua. The main products exported from Barbados to Nicaragua were Paper Labels ($203k), Raw Plastic Sheeting ($6.13k), and Hard Liquor ($76). During the last 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 46.2%, from $4.66M in 2018 to $209k in 2023.

In 2018, Nicaragua exported $29.6k to Barbados. The main products exported from Nicaragua to Barbados were Raw Sugar ($29.2k) and Computers ($324). During the last 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 20%, from $90.1k in 2023 to $29.6k in 2018.

Exports from Barbados (Flag) to Nicaragua (Flag) (2023)

Exports from Nicaragua (Flag) to Barbados (Flag) (2023)

Latest Data

Trade between Barbados (Flag) and Nicaragua (Flag)

Barbados Exports

Nicaragua Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Nicaragua
Top DestinationUnited States$4.38B

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

In 2023, countries that imported more from Barbados than Nicaragua included Jamaica ($71.2M), Trinidad and Tobago ($33.7M), and Guyana ($24.6M).

In 2023, countries that imported more from Nicaragua than Barbados included United States ($4.38B), Mexico ($1.04B), and El Salvador ($488M).

Difference in imports from Nicaragua (Flag) and Barbados (Flag) (2023)

Comparative Advantage Barbados - Nicaragua

Flow
Scale

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

During 2023, Barbados had a large net trade with Nicaragua in the exports of Paper Goods ($203k), Plastics and Rubbers ($6.13k), and Foodstuffs ($76).

During 2018, Nicaragua had a large net trade with Barbados in the exports of Foodstuffs ($29.2k) and Machines ($324).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Nicaragua (Flag) (2023)

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