Barbados (BRB) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Barbados-Russia Trade: In 2022, Barbados exported $1.18k to Russia. The main products that Barbados exported to Russia were N/A. Over the past 5 years the exports of Barbados to Russia have decreased at an annualized rate of 72%, from $679k in 2017 to $1.18k in 2022.

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

Russia-Barbados Trade: In 2022, Russia exported $431 to Barbados. The main products that Russia exported to Barbados were Eyewear ($282), Non-Knit Active Wear ($146), and Pens ($2). Over the past 5 years the exports of Russia to Barbados have decreased at an annualized rate of 69.8%, from $171k in 2017 to $431 in 2022.

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Comparison In 2023, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $1.18k to Russia. There were not main exports from Barbados to Russia in 2022. During the last 5 years the exports of Barbados to Russia have decreased at an annualized rate of 72%, from $679k in 2017 to $1.18k in 2022.

In 2018, Russia exported $431 to Barbados. The main products exported from Russia to Barbados were Eyewear ($282), Non-Knit Active Wear ($146), and Pens ($2). During the last 5 years the exports of Russia to Barbados have decreased at an annualized rate of 69.8%, from $171k in 2023 to $431 in 2018.

Exports from Barbados () to Russia () (2023)

Exports from Russia () to Barbados () (2023)

Latest Data

Trade between Barbados () and Russia ()

Barbados Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$91M

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Barbados than Russia included Trinidad and Tobago ($33.7M), Guyana ($24.6M), and Saint Lucia ($19.5M).

In 2023, countries that imported more from Russia than Barbados included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Barbados () (2023)

Comparative Advantage Barbados - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Russia in the exports of .

During 2018, Russia had a large net trade with Barbados in the exports of Instruments ($282), Textiles ($146), and Miscellaneous ($2).

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Barbados worth $1.72M, with Insurance services ($1.27M), Other business services ($351k), and Financial services ($105k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Barbados () to Russia () (2023)

Exports from Russia () to Barbados () (2023)

Latest Data

Trade between Barbados () and Russia ()

Barbados Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Barbados () (2023)

Comparative Advantage Barbados - Russia

Bilateral Service Trade

Services Exports from Russia () to Barbados () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Barbados () and Russia () (2023)

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