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Pricing

2022
Flag → Flag
Exports $53.5kRnk 86 / 139
2022
Flag → Flag
Top Product $32.4kHard Liquor
2022
Flag → Flag
Exports $4.38MRnk 126 / 209
2022
Flag → Flag
Top Product $3.17MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Barbados-Norway Trade: In 2022, Barbados exported $53.5k to Norway. The main products that Barbados exported to Norway were Hard Liquor ($32.4k), Excavation Machinery ($19k), and Packaged Medicaments ($985). Over the past 5 years the exports of Barbados to Norway have decreased at an annualized rate of 28.9%, from $295k in 2017 to $53.5k in 2022.

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

Norway-Barbados Trade: In 2022, Norway exported $4.38M to Barbados. The main products that Norway exported to Barbados were Insulated Wire ($3.17M), Dried/Salted/Smoked/Brined Fish ($919k), and Fish Fillets ($128k). Over the past 5 years the exports of Norway to Barbados have increased at an annualized rate of 26.7%,  from $1.34M in 2017 to $4.38M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $53.5k to Norway. The main products exported from Barbados to Norway were Hard Liquor ($32.4k), Excavation Machinery ($19k), and Packaged Medicaments ($985). During the last 5 years the exports of Barbados to Norway have decreased at an annualized rate of 28.9%, from $295k in 2017 to $53.5k in 2022.

In 2017, Norway exported $4.38M to Barbados. The main products exported from Norway to Barbados were Insulated Wire ($3.17M), Dried/Salted/Smoked/Brined Fish ($919k), and Fish Fillets ($128k). During the last 5 years the exports of Norway to Barbados have increased at an annualized rate of 26.7%, from $1.34M in 2022 to $4.38M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Norway (Flag)

Barbados Exports

Norway Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Barbados than Norway included Saint Lucia ($20.8M), Guyana ($29.7M), and Grenada ($13.5M).

In 2022, countries that imported more from Norway than Barbados included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Barbados - Norway

Flow
Scale

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

During 2022, Barbados had a large net trade with Norway in the exports of Foodstuffs ($32.4k), Machines ($19k), and Textiles ($1.09k).

During 2017, Norway had a large net trade with Barbados in the exports of Machines ($3.19M), Animal Products ($1.05M), and Chemical Products ($59k).

Economic Complexity

Competitive Landscape

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

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

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