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Pricing

2022
Flag → Flag
Exports $1.58MRnk 26 / 139
2022
Flag → Flag
Top Product $645kInsulated Wire
2022
Flag → Flag
Exports $24.7MRnk 136 / 218
2022
Flag → Flag
Top Product $11.2MDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Barbados-Thailand Trade: In 2022, Barbados exported $1.58M to Thailand. The main products that Barbados exported to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). Over the past 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%, from $1.01M in 2017 to $1.58M in 2022.

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

Thailand-Barbados Trade: In 2022, Thailand exported $24.7M to Barbados. The main products that Thailand exported to Barbados were Delivery Trucks ($11.2M), Processed Fish ($5.68M), and Cars ($4.62M). Over the past 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%,  from $24.6M in 2017 to $24.7M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $1.58M to Thailand. The main products exported from Barbados to Thailand were Insulated Wire ($645k), Scrap Iron ($533k), and Orthopedic Appliances ($299k). During the last 5 years the exports of Barbados to Thailand have increased at an annualized rate of 9.32%, from $1.01M in 2017 to $1.58M in 2022.

In 2017, Thailand exported $24.7M to Barbados. The main products exported from Thailand to Barbados were Delivery Trucks ($11.2M), Processed Fish ($5.68M), and Cars ($4.62M). During the last 5 years the exports of Thailand to Barbados have increased at an annualized rate of 0.069%, from $24.6M in 2022 to $24.7M in 2017.

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

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

Latest Data

Trade between Barbados (Flag) and Thailand (Flag)

Barbados Exports

Thailand Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Barbados than Thailand included Saint Vincent and the Grenadines ($14.1M), Saint Lucia ($20.8M), and Grenada ($13.5M).

In 2022, countries that imported more from Thailand than Barbados included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Barbados - Thailand

Flow
Scale

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

During 2022, Barbados had a large net trade with Thailand in the exports of Machines ($666k), Metals ($533k), and Instruments ($300k).

During 2017, Thailand had a large net trade with Barbados in the exports of Transportation ($16M), Foodstuffs ($6.55M), and Plastics and Rubbers ($692k).

Economic Complexity

Competitive Landscape

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

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

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