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2023
Flag → Flag
Exports $5.8MRnk 13 / 139
2023
Flag → Flag
Top Product $5.42MPassenger and Cargo Ships
2023
Flag → Flag
Exports $25.4MRnk 157 / 216
2023
Flag → Flag
Top Product $8.82MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Barbados-Turkey Trade: In 2023, Barbados exported $5.8M to Turkey. The main products that Barbados exported to Turkey were Passenger and Cargo Ships ($5.42M), Hard Liquor ($343k), and Railway Cargo Containers ($15.3k). Over the past 5 years the exports of Barbados to Turkey have increased at an annualized rate of 19%, from $2.43M in 2018 to $5.8M in 2023.

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

Turkey-Barbados Trade: In 2023, Turkey exported $25.4M to Barbados. The main products that Turkey exported to Barbados were Refined Petroleum ($8.82M), Cement ($4.1M), and Hot-Rolled Iron Bars ($2.66M). Over the past 5 years the exports of Turkey to Barbados have increased at an annualized rate of 10.5%,  from $15.4M in 2018 to $25.4M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Barbados exported $5.8M to Turkey. The main products exported from Barbados to Turkey were Passenger and Cargo Ships ($5.42M), Hard Liquor ($343k), and Railway Cargo Containers ($15.3k). During the last 5 years the exports of Barbados to Turkey have increased at an annualized rate of 19%, from $2.43M in 2018 to $5.8M in 2023.

In 2018, Turkey exported $25.4M to Barbados. The main products exported from Turkey to Barbados were Refined Petroleum ($8.82M), Cement ($4.1M), and Hot-Rolled Iron Bars ($2.66M). During the last 5 years the exports of Turkey to Barbados have increased at an annualized rate of 10.5%, from $15.4M in 2023 to $25.4M in 2018.

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

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

Latest Data

Trade between Barbados (Flag) and Turkey (Flag)

Barbados Exports

Turkey Exports

Market Competitiveness

Color
Barbados
Top DestinationUnited States$91M
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Barbados than Turkey included Saint Lucia ($19.5M), Grenada ($13.4M), and Dominica ($7.2M).

In 2023, countries that imported more from Turkey than Barbados included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Barbados - Turkey

Flow
Scale

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

During 2023, Barbados had a large net trade with Turkey in the exports of Transportation ($5.44M), Foodstuffs ($357k), and Precious Metals ($856).

During 2018, Turkey had a large net trade with Barbados in the exports of Mineral Products ($12.9M), Metals ($4.56M), and Machines ($1.54M).

Economic Complexity

Competitive Landscape

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

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

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