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2022
Flag → Flag
Exports $1.25MRnk 31 / 139
2022
Flag → Flag
Top Product $1.25MPaper Labels
2022
Flag → Flag
Exports $3.03kRnk 37 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Barbados-Nicaragua Trade: In 2022, Barbados exported $1.25M to Nicaragua. The main products that Barbados exported to Nicaragua were Paper Labels ($1.25M). Over the past 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 3.34%, from $1.48M in 2017 to $1.25M in 2022.

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

Nicaragua-Barbados Trade: In 2022, Nicaragua exported $3.03k to Barbados. The main products that Nicaragua exported to Barbados were N/A. Over the past 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 49.2%,  from $678k in 2017 to $3.03k in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $1.25M to Nicaragua. The main products exported from Barbados to Nicaragua were Paper Labels ($1.25M). During the last 5 years the exports of Barbados to Nicaragua have decreased at an annualized rate of 3.34%, from $1.48M in 2017 to $1.25M in 2022.

In 2016, Nicaragua exported $3.03k to Barbados. There were not main exports from Nicaragua to Barbados in 2016. During the last 5 years the exports of Nicaragua to Barbados have decreased at an annualized rate of 49.2%, from $678k in 2021 to $3.03k in 2016.

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

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

Latest Data

Trade between Barbados (Flag) and Nicaragua (Flag)

Barbados Exports

Nicaragua Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Nicaragua
Top DestinationUnited States$4.09B

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 2022, countries that imported more from Barbados than Nicaragua included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

In 2022, countries that imported more from Nicaragua than Barbados included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

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 2022, Barbados had a large net trade with Nicaragua in the exports of Paper Goods ($1.25M).

During 2016, Nicaragua 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 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) (2022)

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