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2022
Flag → Flag
Exports $33.8MRnk 3 / 139
2022
Flag → Flag
Top Product $7.84MPetroleum Coke
2022
Flag → Flag
Exports $132MRnk 21 / 149
2022
Flag → Flag
Top Product $37.5MRefined Petroleum
2022
Flag  
GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
 GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 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$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Barbados-Trinidad and Tobago Trade: In 2022, Barbados exported $33.8M to Trinidad and Tobago. The main products that Barbados exported to Trinidad and Tobago were Petroleum Coke ($7.84M), Margarine ($5.19M), and Packaged Medicaments ($3.28M). Over the past 5 years the exports of Barbados to Trinidad and Tobago have decreased at an annualized rate of 1.67%, from $36.8M in 2017 to $33.8M in 2022.

In 2022, Barbados did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Barbados Trade: In 2022, Trinidad and Tobago exported $132M to Barbados. The main products that Trinidad and Tobago exported to Barbados were Refined Petroleum ($37.5M), Flavored Water ($9.17M), and Toilet Paper ($5.49M). Over the past 5 years the exports of Trinidad and Tobago to Barbados have decreased at an annualized rate of 10.3%,  from $226M in 2017 to $132M in 2022.

In 2022, Trinidad and Tobago did not export any services to Barbados.

Comparison In 2022,  Barbados ranked 176 in total exports ($393M). That same year, Trinidad and Tobago ranked 91 in total exports ($13.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Barbados exported $33.8M to Trinidad and Tobago. The main products exported from Barbados to Trinidad and Tobago were Petroleum Coke ($7.84M), Margarine ($5.19M), and Packaged Medicaments ($3.28M). During the last 5 years the exports of Barbados to Trinidad and Tobago have decreased at an annualized rate of 1.67%, from $36.8M in 2017 to $33.8M in 2022.

In 2017, Trinidad and Tobago exported $132M to Barbados. The main products exported from Trinidad and Tobago to Barbados were Refined Petroleum ($37.5M), Flavored Water ($9.17M), and Toilet Paper ($5.49M). During the last 5 years the exports of Trinidad and Tobago to Barbados have decreased at an annualized rate of 10.3%, from $226M in 2022 to $132M in 2017.

Exports from Barbados (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Barbados (Flag) (2022)

Latest Data

Trade between Barbados (Flag) and Trinidad and Tobago (Flag)

Barbados Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Barbados
Top DestinationUnited States$88.6M
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Barbados than Trinidad and Tobago included Poland ($23.1M), Austria ($2.07M), and Czechia ($3.07M).

In 2022, countries that imported more from Trinidad and Tobago than Barbados included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Barbados (Flag) (2022)

Comparative Advantage Barbados - Trinidad and Tobago

Flow
Scale

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

During 2022, Barbados had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($8.55M), Chemical Products ($7.13M), and Animal and Vegetable Bi-Products ($5.37M).

During 2017, Trinidad and Tobago had a large net trade with Barbados in the exports of Foodstuffs ($43.2M), Mineral Products ($41.8M), and Paper Goods ($9.75M).

Economic Complexity

Competitive Landscape

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

Product Space of Barbados (Flag) and Trinidad and Tobago (Flag) (2022)

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