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2023
Flag → Flag
Exports $33.7MRnk 3 / 139
2023
Flag → Flag
Top Product $6.7MPetroleum Coke
2023
Flag → Flag
Exports $460MRnk 7 / 123
2023
Flag → Flag
Top Product $348MRefined Petroleum
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 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$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Barbados-Trinidad and Tobago Trade: In 2023, Barbados exported $33.7M to Trinidad and Tobago. The main products that Barbados exported to Trinidad and Tobago were Petroleum Coke ($6.7M), Margarine ($6.36M), and Packaged Medicaments ($4.43M). Over the past 5 years the exports of Barbados to Trinidad and Tobago have decreased at an annualized rate of 0.29%, from $34.2M in 2018 to $33.7M in 2023.

In 2023, Barbados did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Barbados Trade: In 2023, Trinidad and Tobago exported $460M to Barbados. The main products that Trinidad and Tobago exported to Barbados were Refined Petroleum ($348M), Flavored Water ($9.62M), and Baked Goods ($7.24M). Over the past 5 years the exports of Trinidad and Tobago to Barbados have increased at an annualized rate of 10.1%,  from $285M in 2018 to $460M in 2023.

In 2023, Trinidad and Tobago did not export any services to Barbados.

Comparison In 2023,  Barbados ranked 171 in total exports ($421M). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $33.7M to Trinidad and Tobago. The main products exported from Barbados to Trinidad and Tobago were Petroleum Coke ($6.7M), Margarine ($6.36M), and Packaged Medicaments ($4.43M). During the last 5 years the exports of Barbados to Trinidad and Tobago have decreased at an annualized rate of 0.29%, from $34.2M in 2018 to $33.7M in 2023.

In 2018, Trinidad and Tobago exported $460M to Barbados. The main products exported from Trinidad and Tobago to Barbados were Refined Petroleum ($348M), Flavored Water ($9.62M), and Baked Goods ($7.24M). During the last 5 years the exports of Trinidad and Tobago to Barbados have increased at an annualized rate of 10.1%, from $285M in 2023 to $460M in 2018.

Exports from Barbados (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Barbados (Flag) (2023)

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$91M
Trinidad and Tobago
Top DestinationUnited States$3.26B

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 2023, countries that imported more from Barbados than Trinidad and Tobago included Saint Lucia ($19.5M), Saint Kitts and Nevis ($5.39M), and Czechia ($4.82M).

In 2023, countries that imported more from Trinidad and Tobago than Barbados included United States ($3.26B), China ($783M), and Chile ($605M).

Difference in imports from Trinidad and Tobago (Flag) and Barbados (Flag) (2023)

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 2023, Barbados had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($7.02M), Mineral Products ($6.99M), and Animal and Vegetable Bi-Products ($6.36M).

During 2018, Trinidad and Tobago had a large net trade with Barbados in the exports of Mineral Products ($353M), Foodstuffs ($51M), and Chemical Products ($12M).

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) (2023)

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