Barbados (BRB) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Barbados-Chinese Taipei Trade: In 2022, Barbados exported $1.72M to Chinese Taipei. The main products that Barbados exported to Chinese Taipei were Scrap Iron ($576k), Recovered Paper ($560k), and Hard Liquor ($298k). Over the past 5 years the exports of Barbados to Chinese Taipei have decreased at an annualized rate of 0.26%, from $1.74M in 2017 to $1.72M in 2022.

In 2022, Barbados did not export any services to Chinese Taipei.

Chinese Taipei-Barbados Trade: In 2022, Chinese Taipei exported $5.71M to Barbados. The main products that Chinese Taipei exported to Barbados were Motor vehicles; parts and accessories (8701 to 8705) ($1.28M), Non-fillet Frozen Fish ($679k), and Shaped Paper ($424k). Over the past 5 years the exports of Chinese Taipei to Barbados have decreased at an annualized rate of 2.1%, from $6.35M in 2017 to $5.71M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $1.72M to Chinese Taipei. The main products exported from Barbados to Chinese Taipei were Scrap Iron ($576k), Recovered Paper ($560k), and Hard Liquor ($298k). During the last 5 years the exports of Barbados to Chinese Taipei have decreased at an annualized rate of 0.26%, from $1.74M in 2017 to $1.72M in 2022.

In 2017, Chinese Taipei exported $5.71M to Barbados. The main products exported from Chinese Taipei to Barbados were Motor vehicles; parts and accessories (8701 to 8705) ($1.28M), Non-fillet Frozen Fish ($679k), and Shaped Paper ($424k). During the last 5 years the exports of Chinese Taipei to Barbados have decreased at an annualized rate of 2.1%, from $6.35M in 2022 to $5.71M in 2017.

Exports from Barbados () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Barbados () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Barbados than Chinese Taipei included Jamaica ($43.3M), Guyana ($29.7M), and Saint Lucia ($20.8M).

In 2022, countries that imported more from Chinese Taipei than Barbados included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Barbados () (2022)

Comparative Advantage Barbados - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Chinese Taipei in the exports of Paper Goods ($618k), Metals ($576k), and Foodstuffs ($298k).

During 2017, Chinese Taipei had a large net trade with Barbados in the exports of Transportation ($1.31M), Plastics and Rubbers ($1.15M), and Animal Products ($679k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Barbados () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Barbados () (2022)

Comparative Advantage Barbados - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Barbados () and Chinese Taipei () (2022)

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