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2023
Flag → Flag
Exports $7.72kRnk 111 / 139
2023
Flag → Flag
Top Product $5.13kScrap Iron
2023
Flag → Flag
Exports $2.25MRnk 154 / 211
2023
Flag → Flag
Top Product $570kNatural Cork Articles
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Barbados-Portugal Trade: In 2023, Barbados exported $7.72k to Portugal. The main products that Barbados exported to Portugal were Scrap Iron ($5.13k), Engine Parts ($1.98k), and Non-Knit Men's Coats ($308). Over the past 5 years the exports of Barbados to Portugal have decreased at an annualized rate of 21.1%, from $25.2k in 2018 to $7.72k in 2023.

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

Portugal-Barbados Trade: In 2023, Portugal exported $2.25M to Barbados. The main products that Portugal exported to Barbados were Natural Cork Articles ($570k), Uncoated Paper ($345k), and Aluminium Structures ($265k). Over the past 5 years the exports of Portugal to Barbados have increased at an annualized rate of 10.1%,  from $1.39M in 2018 to $2.25M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $7.72k to Portugal. The main products exported from Barbados to Portugal were Scrap Iron ($5.13k), Engine Parts ($1.98k), and Non-Knit Men's Coats ($308). During the last 5 years the exports of Barbados to Portugal have decreased at an annualized rate of 21.1%, from $25.2k in 2018 to $7.72k in 2023.

In 2018, Portugal exported $2.25M to Barbados. The main products exported from Portugal to Barbados were Natural Cork Articles ($570k), Uncoated Paper ($345k), and Aluminium Structures ($265k). During the last 5 years the exports of Portugal to Barbados have increased at an annualized rate of 10.1%, from $1.39M in 2023 to $2.25M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Portugal (Flag)

Barbados Exports

Portugal Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Barbados included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Barbados - Portugal

Flow
Scale

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

During 2023, Barbados had a large net trade with Portugal in the exports of Metals ($5.13k), Machines ($2.04k), and Textiles ($378).

During 2018, Portugal had a large net trade with Barbados in the exports of Paper Goods ($646k), Wood Products ($629k), and Metals ($432k).

Economic Complexity

Competitive Landscape

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

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

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